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The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the communication between competent authorities supervising credit institutions and statutory auditors of those institutions. Effective communication between competent authorities and auditors should contribute to fostering financial stability, safety and soundness of the banking system. The consultation runs until 21 January 2016.

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on two anti-money laundering and countering the financing of terrorism (AML/CFT) Guidelines. These Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied by credit and financial institutions and competent authorities across the EU. The documents are part of the Joint Committee’s work to establish consistent and effective, risk-based supervisory practices across the EU.

The European Banking Authority (EBA) jointly with the European Network and Information Security Agency (ENISA) hosted a workshop at the EBA premises to discuss opportunities and challenges of using the cloud in the banking sector. This workshop, which brings together supervisory authorities, CISOs from banks, IT and banking industry organisations and large cloud service providers will provide a forum for discussing the current status and potential ways to address supervisory or bank concerns and risks regarding the use of cloud services.

The European Banking Authority (EBA) published its detailed annual work programme for 2016, describing the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting the key strategic areas of work in the coming years (from 2016 to 2018).