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The European Banking Authority (EBA) published today its seventh report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital and liquidity ratios- including liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)- and leverage ratio (LR) for banks in the European Union (EU).

In its meeting on 24 February 2015, the Board of Supervisors of the European Banking Authority (EBA) decided not to carry out an EU-wide stress test in 2015 and to start preparing for the next exercise in 2016. Instead of a stress test, in 2015, the EBA will be running a transparency exercise in line with the one conducted in 2013, which will provide detailed data on EU banks’ balance sheets and portfolios. This decision has been communicated to the European Parliament, the Council and the Commission.

In an opinion issued on 26 February 2015, the European Banking Authority (EBA) recommended that EU legislators clarify the applicability of existing EU law to lending-based crowdfunding, so as to ensure that all participants can have confidence in this new market segment. The EBA opinion, which is addressed to the European Commission, the European Parliament and the EU Council, looked into lending-based crowdfunding across the EU, identified a series of risks and evaluated how they can be addressed in the EU legislative framework.