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The European Banking Authority (EBA) published today its final Guidelines specifying how institutions should quantify the estimation of loss given default (LGD) appropriate for conditions of an economic downturn. In particular, the Guidelines focus on requirements for the quantification of the calibration target used for downturn LGD estimation. The Guidelines complete the EBA’s broader work on the review of the IRB approach aiming at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements.

The European Banking Authority (EBA) launched today a consultation on the updated Guidelines on harmonised definitions and templates for the reporting of funding plans. This update is the result of the experience gained through the EBA’s assessment of banks’ funding plans in 2017 and 2018 as well as the questions raised via the EBA Single Rulebook Q&A tool. The consultation runs until 5 June 2019.

The European Banking Authority (EBA) will sign today in Paris its headquarters agreement with the French authorities. The agreement will ensure the proper functioning of the Authority in the context of the relocation of its seat from London to Paris as of 30 March 2019.

The updated Guidelines on harmonised definitions and templates for funding plans of credit institutions aim at improving the assessment of banks' funding plans and the relevance of the data provided for such assessments based on experience gained through the analysis of the data received as well as the questions raised via the EBA Single Rulebook Q&A tool.

The European Banking Authority (EBA) published today its revised Guidelines on outsourcing arrangements setting out specific provisions for the governance frameworks of all financial institutions within the scope of the EBA's mandate with regard to their outsourcing arrangements and related supervisory expectations and processes. The aim of the Guidelines is to establish a more harmonised framework for these financial institutions, namely credit institutions and investment firms subject to the Capital Requirements Directive (CRD), as well as payment and electronic money institutions. The recommendation on outsourcing to cloud service providers, published in December 2017, has also been integrated into the Guidelines.

The European Banking Authority (EBA) published today an Opinion relating to deposit protection issues stemming from the withdrawal of the UK from the EU. In this Opinion, the EBA calls on the Deposit Guarantee Schemes Designated Authorities (DGSDAs) to ensure that depositors in the branches of the UK credit institutions in the EU are adequately protected by the EU deposit guarantee schemes (DGSs), in case of a withdrawal of the UK from the EU with no ratified agreement in place.