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​​The Joint Committee of the three European Supervisory Authorities (ESAs) has today published a ​Report on good supervisory practices for reducing sole and mechanistic reliance on credit ratings. The Report is directed at the nationally appointed Sectoral Competent Authorities (SCAs) for a wide range of financial institutions, such as credit institutions, investment firms, asset management companies and insurance undertakings.

The European Banking Authority (EBA) published today a Report including recommendations on how to harmonise covered bond framework in the EU. This Report represents an unparalleled attempt to further strengthen the covered bonds across the EU and seeks to ensure that only those financial instruments that comply with the harmonised structural, credit risk and prudential standards can be branded as ‘covered bonds’ and have access to special regulatory and capital treatment as provided in the current EU financial regulation.

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today the revised Joint Guidelines on the prudential assessment of acquisitions and increases of qualifying holdings in the banking, insurance and securities sectors, replacing the previous Guidelines, adopted in 2008.

The Joint Committee of the European Supervisory Authorities (ESAs) launched today a public consultation about the potential benefits and risks of Big Data for consumers and financial firms to determine whether any further regulatory or supervisory actions may be needed.

The Joint Committee of the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – today published a report presenting the conclusions of its assessment on automation in financial advice.

The European Banking Authority (EBA) launched today a qualitative survey on internal ratings-based (IRB) models to analyse the impact of the EBA draft Guidelines on the estimation of risk parameters for non-defaulted exposures, namely of the probability of default (PD) and the loss given default (LGD), and on the treatment of defaulted assets, which are currently under consultation.

The European Banking Authority (EBA) published today its final Guidelines on regulatory disclosure requirements following an update of the Pillar 3 requirements by the Basel Committee in January 2015. These Guidelines represent a significant step forward in the EBA’s effort of improving and enhancing the consistency and comparability of institutions’ regulatory disclosures