EBA Chairperson Jose Manuel Campa’s September 2020 public meeting register detailing discussions with financial institutions and policymakers on COVID-19 impact, climate risks, AML, Basel implementation, sustainable finance, and post-crisis banking stability.
EBA Executive Director François-Louis Michaud’s September 2020 meeting register detailing discussions with banks and financial institutions on COVID-19 impact, Brexit, AML, sustainable finance, Basel implementation, and regulatory deliverables.
EBA Joint Committee September 2020 report assesses risks and vulnerabilities in the EU financial system amid COVID-19, covering banking, investment funds, insurance, and ICT-related threats, while outlining policy actions for resilience and Brexit preparedness.
EBA AML/CFT Newsletter Issue 2 covers responses to EU Commission consultations on AML/CFT framework reforms, de-risking impacts, FinCen and Luanda Leaks investigations, and the expansion of the EBA’s Q&A tool for Anti-Money Laundering Directive guidance.
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have issued their first joint risk assessment Report of the financial sector since the outbreak of the COVID-19 pandemic. The Report highlights how the pandemic has led to further amplified profitability concerns across the board and heightened liquidity challenges in segments of the investment fund sector. It particularly points to economic and market uncertainty as a key challenge going forward.
The European Banking Authority (EBA) has been closely monitoring the developments of the COVID-19 pandemic and, considering the progress made so far, will phase out its Guidelines on legislative and non-legislative payment moratoria in accordance with its end of September deadline. These Guidelines, which were published in the early phases of the COVID-19 pandemic, have provided the necessary flexibility as well as certainty on the regulatory framework, in light of significant number of actions taken by banks to support their customers as exceptional lock-down measures were put in place. The continued ability for banks to provide lending is of key importance and the EBA will keep monitoring the situation as needed.
EBA Chair José Manuel Campa’s speech at the Italian Banking Association examines the EU’s regulatory response to COVID-19, assessing post-financial crisis reforms, capital and liquidity buffers, NPL risks, and supervisory measures to support banks and economic recovery.
The European Banking Authority (EBA) published today an Opinion addressed to the European Commission to raise awareness as to the opportunity to clarify certain issues relating to the definition of credit institution in the upcoming review of the Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD). Such clarifications would be beneficial to the development of a truly uniform Single Rulebook and ultimately to a deeper market integration of banking and financial services across the EU.
EBA Opinion on elements of the definition of credit institution
The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a survey seeking public feedback on presentational aspects of product templates, pursuant to Article 8(3), Article 9(5) and Article 11(4) of Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services (SFDR). The survey is open for comments until 16 October 2020.
European Banking Authority public hearing on draft regulatory technical standards (RTS) specifying requirements for estimating default probabilities (PDs) and losses given default (LGDs) under the internal model approach (IMA) of the Fundamental Review of the Trading Book (FRTB).
The European Banking Authority (EBA) published today an online survey to receive input from credit institutions on their practices and views in the area of disclosure of information on environmental social governance (ESG) risks. The survey, which is addressed to large credit institutions that will be required to disclose prudential information on ESG risks, aims to support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance. The deadline for the call for input is 16 October 2020.
EBA survey gathering banks' current practices and views on Pillar 3 disclosures for ESG risks under Article 449a CRR, informing technical standards and assessing alignment with EU Taxonomy, NFRD, and sustainable finance initiatives.
EBA privacy notice outlining data processing for its survey on ESG Pillar 3 disclosures under Article 449a CRR, detailing contact data handling, legal basis, retention period, and respondents' rights under EU data protection rules.