European Commission draft regulatory technical standards amending Delegated Regulation (EU) No 241/2014 on own funds and eligible liabilities instruments under CRR, covering prior permission for reductions, eligibility criteria, and alignment between own funds and liabilities requirements.
The European Banking Authority (EBA) launched today a consultation on its supervisory handbook for the validation of internal ratings based systems. This handbook clarifies the role of the validation function as part of corporate governance, in particular in terms of scope of work and interaction with the credit risk control unit. The consultation runs until 28 October 2022.
European Banking Authority (EBA) public meeting register for June 2022 detailing Executive Director François-Louis Michaud’s engagements, including discussions with BPCE on EBA priorities and regulatory outlook, and participation in the AEFR financial regulation conference.
EBA public meeting register for June 2022 detailing Executive Director François-Louis Michaud’s engagements with FINMA, AFME, and OMFIF – covering banking sector risks, regulatory developments, and financial integration discussions.
European Banking Authority (EBA) public meeting register for July 2022 – discloses no meetings held by Executive Director François-Louis Michaud between 1 and 15 July under transparency requirements.
EBA Chairperson Jose Manuel Campa’s July 2022 public meeting register – details stakeholder engagements with FCA and WSBI on regulatory agenda and sustainable banking transition, including keynote speeches and discussions.
Consultation paper on the supervisory handbook on the validation of IRB rating systems
Presentation
List of written procedures and their voting results from 20 April 2022 to 21 June 2022
Minutes
Report on large exposures exemptions
Minutes
Decision on C v EBA
European Banking Authority (EBA) 2021 annual accounts – certified financial statements presenting assets, liabilities, budget implementation, and financial performance under EU Framework Financial Regulation.
European Banking Authority (EBA) Board of Supervisors opinion on the approval and accuracy of the EBA’s 2021 annual accounts, including financial reporting and compliance with EU regulatory standards.
The Board of Appeal of the European Supervisory Authorities, in the appeal brought by “C” against the EBA unanimously, decided on 21 July 2022 to dismiss the appeal as inadmissible in accordance with Article 60 (2) of the EBA Regulation. The Board of Appeal concluded that the appeal was directed against a decision of the EBA which was not challengeable. The Board of Appeal saw no reason to deviate this appeal from the precedent Board of Appeal cases and also from both the SV Capital OÜ rulings by the General Court and the CJEU rulings.
The European Banking Authority (EBA) published today a Report on the use of some exemptions included in the large exposures regime. The Report analyses banks’ use of the various exemptions from different perspectives and quantifies the impact of a potential removal of individual exemptions. Overall, the Report shows that some of the assessed exemptions are widely used across the EU and their removal would have a material impact while other exemptions are widely used across the EU but their removal would not have material impact. In addition, some exemptions are relevant only for some countries or appear to be rarely used.
The European Banking Authority (EBA) published today its 2023 EU-wide stress test draft methodology, templates and template guidance, which will be discussed with the industry. The methodology covers all risk areas and builds on the one prepared for the 2021 EU wide stress test. Some aspects of the methodology have been improved based on the lessons from the 2021 exercise. As a new feature, the projections on net fee and commission income (NFCI) will be based on a top-down model. This is a first step of revising the EU-wide stress test framework towards a hybrid (bottom-up and top-down) approach. Also, the sample coverage has been increased. An additional 26 banks have been added to the stress test sample compared to the 2021 exercise and further proportionality has been introduced into the methodology. The 2023 exercise will assess EU banks' resilience to an adverse economic shock and inform the 2023 Supervisory Review and Evaluation Process (SREP).
Report on remuneration benchmarking 2019 and 2020 and High Earners 2020