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Press Release 3 October 2022

EBA assesses the market share of non-EU entities in the EU banking system and the dependency of EU banks on funding in foreign currencies

The European Banking Authority (EBA) today published a Report on the reliance of the EU financial sector on counterparties, operators, and financing originating from outside the Single Market. As of June 2021, 360 banks controlled by non-EU entities were operating in the EU representing 12% of the Union’s total banking assets. At the same time, EU banks had, on average, 19% of their total funding denominated in significant foreign currencies. These findings reflect the high degree of openness of the EU economy within the global financial system. While raising funding from non-EU sources brings opportunities, it may create vulnerabilities in some areas. Against this background, matching foreign currency assets with liabilities denominated in the same currency is generally considered prudent risk management.

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3 October 2022

EE Kadri-Liis Raun DoI_redacted.pdf

Declaration of Interest by Kadri-Liis Raun, Alternate member from Estonia’s Finantsinspektsioon, submitted to the EBA under its Conflict of Interest Policy (EBA/DC/2020/308) for AMLSC involvement, disclosing potential conflicts.

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News 30 September 2022

EBA releases the technical package for phase 3 of its 3.2 reporting framework

The European Banking Authority (EBA) today published he technical package for phase 3 of version 3.2 of its reporting framework. The technical package supports the implementation of the updated reporting framework by providing standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for version 3.2.