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The European Banking Authority (EBA) published today the findings of its investigation regarding discretionary remuneration practices across the EU banking sector. The report shows that some institutions have classified the so-called ‘role-based’ allowances in a way that increases the fixed component of remuneration, which may impact on the limitation of the bonus cap. As a result of this analysis, the EBA issued an Opinion to the European Commission and EU competent authorities calling for supervisors to ensure that institutions’ remuneration practices on allowances comply with EU legislation.

The EBA launched today a public consultation on its discussion paper on simple, standard and transparent securitisations. The work is the initial response of the Authority to the European Commission's call for advice on identifying a prudentially sound securitisation market and its regulatory treatment, aimed at widening long-term funding opportunities for the European economy. The consultation runs until 14 January 2015.

The European Banking Authority (EBA) published today its work programme for 2015, describing its main objectives and deliverables in the forthcoming year. In 2015, the EBA will progress with its activities aimed at building a single regulatory and supervisory framework for the entire banking sector in the 28 EU Member States, while ensuring that risk assessment in the EU banking sector remains a key priority. The Authority will also carry on with its work for consumers in the banking sector, enhancing their protection from detriment and their fair and equal treatment across the entire EU.