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The EBA published today its final draft Implementing Technical Standards (ITS) on joint decisions related to the approval of internal models. The objective of these standards is to facilitate the interaction and cooperation between competent authorities and to strengthen supervision of cross-border banking groups across the EU. These ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector at EU level.

The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) specifying the operational functioning of the resolution colleges that are to be established for those banking groups that operate on a cross-border basis within the European Economic Area (EEA). These standards are based on specific requirements laid down in the Bank Recovery and Resolution Directive (BRRD), which provides a common resolution regime across the EU aimed at allowing home and host authorities to deal with failing institutions and cooperate in the process of resolution planning. The consultation will run until 18 March 2015.

Following a decision by the EBA's Board of Supervisors on 15 December 2014, the EBA Recommendation from July 2013 on the preservation of Core Tier 1 capital of EU banks during the transition to the Capital Requirements Directive/Capital Requirements Regulation framework (EBA/REC/2013/03) has been repealed and therefore is no longer into force.

The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those which have been deactivated either for incorrectness or for triggering IT problems. National authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

The European Banking Authority (EBA) issued today its final Guidelines defining the criteria that EU competent authorities will use to identify institutions that are systemically important either at Union or Member State level, the so-called ‘other systemically important institutions’ (O-SIIs). These Guidelines aim at setting uniform parameters at EU level while taking into account specificities of Member States’ individual banking sectors, so as to achieve an appropriate degree of convergence in the identification process as well as at ensuring a comparable, clear and transparent assessment of systemically important institutions in the EU.

The European Banking Authority (EBA) launched today two consultations on two draft Implementing Technical Standards (ITS) amending the Commission’s Implementing Regulation on supervisory reporting with regard to the Liquidity Coverage Ratio (LCR) and the Leverage Ratio (LR). The proposed amendments follow the Commission’ Delegated Acts specifying the LCR and the LR respectively. The consultation on the amendments to the LCR reporting will run until 10 February 2015 and the one on the amendments to the LR reporting will run until 27 January 2015.