EBA and European Supervisory Authorities guide on big data use in financial services – explains benefits, risks, and client rights under EU data protection rules, including consent, fraud prevention, and regulatory safeguards for banks, insurers, and investment firms.
Joint Committee of European Supervisory Authorities guide on big data use by financial institutions – explains benefits, risks, consumer rights, and protections under EU data regulations for banks, insurers, and investment firms.
The Joint Committee of the European Supervisory Authorities (ESAs) published today its final report on Big Data analysing its impact on consumers and financial firms. Overall, the ESAs have found that while the development of Big Data poses some potential risks to financial services consumers, the benefits of this innovation currently outweigh these. Many of the risks identified by the ESAs are mitigated by existing legislation.
EBA Report on Benchmarking of Remuneration and High Earners
Notice of call for applications - Rental Office Space
The European Banking Authority (EBA) updated today the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016 . The list is part of the implementing technical standards (ITS) that were drafted for the purposes of calculating the capital requirements for foreign-exchange risk according to the standardised rules. The list was updated according to the procedure and methodology laid down in the ITS and submitted to the European Commission for endorsement.
The European Banking Authority (EBA) published today its report on benchmarking of remuneration practices in EU banks for the financial years 2015 and 2016 and high earners data for 2016. The data shows that in 2016, the number of high earners in EU banks receiving a remuneration of more than EUR 1 million decreased by 10.6% (from 5 142 in 2015 to 4 597 in 2016). In addition, for high earners, the average ratio between the variable and fixed remuneration continued to decrease from 127% in 2014 to 118% in 2015 and 104% in 2016. The same holds true for the ratio between the variable and fixed remuneration of all other identified staff, which decreased from 65.5 % in 2014 to 62.2 % in 2015 and 57.1 % in 2016. The report is part of the EBA’s monitoring activities and focuses on the identification of staff, the application of deferral arrangements, the pay out in instruments and the use of specific remuneration elements, e.g. guaranteed variable remuneration and severance payments.
ABLV Bank Luxembourg SA_Notification letter
KRI - Risk parameters annex - Q4 2017
Estonian Deposit Guarantee Scheme (Tagatisfond) notifies EBA of the European Central Bank’s revocation of Versobank AS’s banking authorisation under CRD IV, triggering deposit reimbursement for 3,606 depositors totaling EUR 93.4 million via SEB Pank and Swedbank AS.
The European Banking Authority (EBA) published today the regular update of its Risk Dashboard summarising the main risks and vulnerabilities in the EU banking sector for Q4 2017. The progress is positive for European banks, but risks remain heightened on sustainable profitability. Following the ESRB recommendation on commercial real estate markets , the EBA’s Risk Dashboard has an additional page showing the aggregated real estate exposures referred to real estate activities and the construction sector.
European Banking Authority report on Q4 2017 credit risk parameters for IRB banks across EU and non-EU countries – presents default rates, loss rates, and probability of default (PD) and loss given default (LGD) statistics by counterparty type and country.
EBA Q4 2017 Risk Dashboard – analyses key risks and performance metrics in the EU banking sector, covering capital ratios, non-performing loans, profitability, liquidity, and asset quality trends based on data from 190 banks.
EBA report disclosing aggregated 2017 data on EU bank exposures to real estate and construction sectors, including non-performing loans, NPL ratios, and country-level breakdowns under ESRB Recommendation ESRB/2016/14.
In compliance with the ESRB recommendation E 2016/14 on closing real estate data gaps, the EBA has included an additional page in its updated Risk Dasboard to disclose aggregated exposures referred to real estate activities (NACE code L) and the construction sector (NACE code F). All this information relies solely on the current reporting framework (ITS) and some items, included under NACE L and F, would need to be excluded in order to follow the commercial real estate definition adopted in the ESRB Recommendation. All the figures shown are aggregated by country of the counterparty and do not include EU subsidiaries. Both tables rely on a threshold-based template, and it may be subject to data gaps for some EU countries, as not all the banks are obliged to report such information.
EBA vacancy notice for a Bank Expert position on secondment in London, focusing on Pillar 2 framework policies, supervisory convergence, risk assessment, and capital adequacy under prudential regulation. Requires 6+ years of banking supervision experience and EU/EEA eligibility.