The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) today issued their Autumn 2023 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines the continued high economic uncertainty. The ESAs warn national supervisors of the financial stability risks stemming from the heightened uncertainty, and call for vigilance from all financial market participants.
Joint Committee Autumn 2023 Report on Risks and Vulnerabilities
EBA Staff paper on the regulatory framework for market risk and prudent valuation during COVID19
EBA Opinion on the European Parliament 2021 discharge report
European Forum for Innovation Facilitators (EFIF) May 2023 meeting minutes – covering updates on innovation hubs, regulatory sandboxes, digital identity, crypto-assets, open finance, strong customer authentication (SCA), remote onboarding guidelines, EU Digital Identity Wallet (EUDIW), and blockchain initiatives like EBSI and Dalion.
The European Banking Authority (EBA) today published an Opinion in response to the observations made by European Parliament in its 2021 Discharge Report. Out of 30 observations, which cover the areas of budget and financial management, performance, staff policy, procurement, prevention and management of conflicts of interest and transparency, internal control, digitalisation and green transition, business continuity along crisis, the EBA considers that 26 have already been implemented or do not require follow-up action. For four observations the follow-up is deemed to be an ongoing consideration.
Background and key mesures
The European Banking Authority (EBA) today published an Opinion following notification by the Ministry of Finance of Poland of its intention to extend a measure originally introduced in March 2022. The measure aims to limit risks associated with foreign currency housing loans by encouraging banks to enter in settlements with borrowers. Based on the evidence submitted, the EBA does not object to the temporary extension of the measure until the next periodical assessment takes place, in accordance with the Capital Requirements Regulation (CRR).
Keynote speech
Opinion of the EBA on measures in accordance with Article 124 of CRR
EBA guidelines for the December 2022 Basel III monitoring exercise, detailing EU-specific instructions for credit risk, counterparty credit risk, CVA, market risk (FRTB), operational risk, and interest rate risk in the banking book (IRRBB) under QIS templates.
The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those, which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.
Validation rules
Presentation
EBA Executive Director François-Louis Michaud’s August 2023 public meeting register detailing discussions with Lazard Frères on macroeconomic outlook, business sentiment, and the regulatory agenda.