EBA’s 2022–2023 peer review work plan outlines assessments of PSD2 authorization guidelines, CVA risk exemptions for non-EU counterparties, prudential consolidation methods under CRR, and the harmonized definition of default to strengthen EU banking supervision and risk reduction.
The European Banking Authority (EBA) published today clarifications to a seventh set of issues that had been raised by participants of its working group on Application Programming Interfaces (APIs) under the Payment Services Directive (PSD2). The clarifications respond to issues raised on downtime of dedicated interfaces, payment status/rejection reasons, ASPSPs restricting access in case of embedded redirection, scope of the bank offered consent, inability to initiate bulk payments via APIs and whether the Electronic Banking Internet Communication Standard (EBICS) is within the scope of PSD2.
Filing Rules v5.1
Final draft RTS on disclosure of investment policy by investment firms
Annex I - Disclosure of investment policy by investment firms
Annex II - Instructions on disclosure of investment policy by investment firms
The European Banking Authority (EBA) published today new regulatory technical standards (RTS) on disclosure of investment policy by investment firms. The final draft RTS put forward comparable disclosures that should help stakeholders understand investment firms’ influence over the companies in which they hold voting rights and the impact of investment firms’ policies on aspects such as the governance or management of those companies.
The European Banking Authority (EBA) published today an updated version of its 5.1 filing rules document for supervisory reporting. In particular, the update modifies rule 1.6 to simplify the use of the filing indicator by removing the option “empty filing” indicator. This updated rule must be followed for all the submissions and resubmissions as of 1 January 2023. In addition, the update modifies rule 3.6 to improve Consolidated/Individual information circulation and to allow for multiple consolidation levels for an entity. CON/IND is being moved from module name to reporting subjects. This change will apply as of 31 December 2022.
Final report on joint EBA and ESMA guidelines on the assessment of suitability
Annex 4 to the EBA report on the supervisory independence of competent authorities
BSG Response to EBA Consultation Paper on the revised Guidelines on limited network exclusion under PSD2 (EBA/CP/2021/28)
EBA report on the supervisory independence of competent authorities
The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA – published today their individual reports on the supervisory independence of competent authorities (CAs) in their sectors. Based on the CAs’ self-assessment, the three reports highlight that the independence of NCAs is multi-faceted and dependent on a number of legal, institutional, operational and cultural factors.
Agenda
Statement by José Manuel Campa, Interim Chair of the JC ESAs to EP ECON
The European Banking Authority (EBA) today published a thematic note on the transition risks of benchmark rates as LIBOR (the London Interbank Offered Rate) and EONIA (the Euro Overnight Index Average) - two major benchmark interest rates - are close to being phased out.