Colleges of supervisors

Enhanced cooperation between supervisory authorities both at EU and global level is key to strengthening the supervision of cross-border banking groups. Colleges of supervisors are the vehicles for the coordination of supervisory activities. Under EU law, colleges of supervisors have to be established for EEA banks with subsidiaries or significant branches in other EEA countries. They may include supervisors in non-EEA countries, where relevant. The colleges allow supervisory authorities to join forces, share knowledge and use skills and resources more effectively and efficiently, regardless of their individual jurisdiction. This requires determination and significant efforts to prompt coordinated approaches among competent authorities. To assist in developing a consistent and effective college framework, the EBA's predecessor, CEBS, published guidelines (i) on the operational functioning of colleges and (ii) on the joint assessment of banks' risks, and joint decisions on the adequacy of cross-border banks' capital within a college setting. With the implementation of the Capital Requirements Regulation and the revised Capital Requirements Directive, these guidelines will be replaced by the directly applicable technical standards covering the functioning of colleges and joint decisions on institution-specific prudential requirements.

Technical Standards, Guidelines & Recommendations

  • Recommendation on the equivalence of confidentiality regimes

    This Recommendation specifies the EBA's opinion on the confidentiality regime of several non-EU supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks, led by EU supervisors. The paper looks at the conditions that need to be met in terms of confidentiality requirements and gives an overview of equivalence to EU standards. The Recommendation is updated in case new information becomes available and if new authorities are assessed.

    Status: Final and translated into the EU official languages

  • Implementing technical standards on joint decisions on prudential requirements

    The draft ITS set out in detail aspects of the supervisory cooperation in the joint decision process for an initial application, and for the approval of material extensions or changes to internal models.

    Status: Adopted and published in the Official Journal

  • Regulatory and implementing technical standards on the functioning of colleges of supervisors

    The draft RTS specify general conditions for the establishment and functioning of colleges of supervisors, while the draft ITS establish important procedures to structure and facilitate the interaction and cooperation between the consolidating supervisor and the relevant competent authorities.

    Status: Adopted and published in the Official Journal

  • Implementing Technical Standards on joint decisions on institution-specific prudential requirements

    The objective of these Implementing Technical Standards (ITS) on joint decisions on institution-specific prudential requirements is to facilitate the reaching of effective joint decisions between the consolidating supervisor and the competent authorities responsible for the supervision of subsidiaries in a Member State. In particular, these ITS set up common procedures and templates that will facilitate the interaction and cooperation between the consolidating supervisor and the relevant competent authorities when providing their contribution to the group risk assessment and joint decision documents.

    Status: Adopted and published in the Official Journal

  • Guidelines for the joint assessment and joint decision regarding the capital adequacy of cross-border groups

    The Capital Requirements Directive (CRD) requires that the consolidating supervisor and supervisors of subsidiaries involved in the supervision of an EEA cross-border banking group do everything within their power to reach a joint decision on the application of the Pillar 2 provisions related to the Internal Capital Adequacy Assessment Process (ICAAP) and to the Supervisory Review and Evaluation Process (SREP). These Guidelines provide concrete guidance on how to cooperate in the risk assessment process and on how to apply the CRD provisions regarding ICAAP, SREP and the prudential measures subject to the joint decision process. Their ultimate aim is to ensure closer convergence of supervisory practices with regard to the joint decision process, while providing some necessary flexibility for individual colleges.

    Status: Repealed

  • Guidelines for the operational functioning of colleges

    These guidelines aim at providing guidance for the operational functioning of colleges. In particular, they provide practical guidance to supervisors involved within a college on the different tasks they are asked to perform, including the process of setting up the college, the organisation of the exchange of information among college members and the communication with the management of the supervised institutions. They also complement the provisions set out in the Capital Requirements Directive (CRD), where necessary, so as to avoid inconsistencies and to promote convergence of practices across colleges.

    Status: Repealed

  • Guidelines for cooperation between consolidating supervisors and host supervisors

    These guidelines are designed to promote an efficient supervisory framework for groups that operate in several EU jurisdictions and, in particular, at enhancing cooperation between consolidating supervisor and host supervisors. They contain sections on general cooperation, distinguishing between subsidiaries and branches, and guidance related, among other things, to the approval process of model validation. These guidelines are the starting point of substantial developments in the supervision of cross –border groups and have let to the establishment of operational network mechanisms.

    Status: Repealed

Opinions, Reports and other Publications




Other Publications