EBA's January 2024 taxonomy of financial innovation provides a classification framework for fintech developments, categorizing innovations by sector (banking, insurance, securities), services, and enabling technologies like AI, blockchain, and cloud computing, supported by a glossary of key terms.
The European Banking Authority (EBA) today launched a public consultation on draft Guidelines on the management of Environmental, Social and Governance (ESG) risks. The draft Guidelines set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at addressing the risks arising from the transition towards an EU climate-neutral economy. The consultation runs until 18 April 2024.
The European Banking Authority (EBA) today published a consultation paper amending the Implementing Regulation on the benchmarking of credit risk, market risk and IFRS9 models for the 2025 exercise. The most significant change is in the market risk framework, where the EBA is proposing brand new templates for the collection of the internal model approach (IMA) risk measures under the fundamental review of the trading book (FRTB). For credit risk only minor changes are being proposed. This consultation runs until 27 March 2024.
EBA consults on draft Implementing Technical Standards amending EU rules (Regulation 2016/2070) for benchmarking internal models used by banks, focusing on credit and market risk assessments, with a cost-benefit analysis and stakeholder feedback deadline 27 March 2024.
European Banking Authority consults on draft Guidelines for managing ESG risks, outlining minimum standards, risk identification, measurement, and monitoring methodologies under Directive 2013/36 for banks and investment firms.
European Banking Authority public hearing on travel rule guidelines for anti-money laundering and counter-terrorist financing (AML/CFT), covering EBA’s role, guideline details, and next steps in implementation.
EBA, EIOPA, and ESMA finalize draft Regulatory Technical Standards under DORA to harmonize ICT risk management tools, processes, and policies, including a simplified framework for certain financial entities, addressing proportionality, encryption, access control, and third-party ICT services.