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BSG response to Consultation on draft ITS on IT Solutions for Pillar 3 Data Hub
Banking Stakeholder Group (BSG) response to EBA’s draft Implementing Technical Standards on IT solutions for Pillar 3 Data Hub (P3DH), addressing disclosure formats, submission deadlines, taxonomy alignment, and resubmission policies under CRR3 to enhance transparency and comparability for large EU institutions.
Opinion on a decision to grant the permission Article 129(1)(1a) of the CRR – notification from Central Bank of Hungary (MNB)
EBA opinion on the Central Bank of Hungary’s request to permit CQS 3 credit institutions as collateral for covered bonds under CRR Article 129(1a), addressing concentration risks in Hungary’s financial market and compliance with EU prudential requirements.
EBA finds Hungarian waiver for covered bonds justified
The European Banking Authority (EBA) today published an Opinion addressed to the Central Bank of Hungary following the Competent Authority's notification of its decision to introduce a partial waiver of the provision under the Capital Requirements Regulation (CRR) in relation to the eligibility conditions for covered bonds to benefit from a risk weight preferential treatment. Given the significant potential concentration problem in Hungary, the EBA is of the opinion that the application of a partial waiver is adequately justified.
EU banks continue to meet their MREL, still 21 banks in their transition period report a shortfall
The European Banking Authority (EBA) today published its Q2 2024 quarterly Dashboard on minimum requirement for own funds and eligible liabilities (MREL), which discloses aggregated statistical information for 339 banks earmarked for resolution across the European Union and for which EBA has received data about both decision and resources. For the first time, the Dashboard also includes the list of entities covered. All banks meet their MREL requirements in line with the Bank Recovery and Resolution Directive (BRRD) deadline of 1 January 2024, with the exception of 21 banks, still in their transition period that report a shortfall. The amount of instruments becoming ineligible over the next year for the sample reached EUR 220bn, which appears manageable.
MREL Dashboard Q1 and Q2 2024
EBA MREL Dashboard for Q1 and Q2 2024 – reports on minimum requirement for own funds and eligible liabilities (MREL) compliance, shortfalls, and resolution planning across EU banks, including external and internal MREL levels by institution type and member state.
Financing the transition? Taking the temperature of European banks’ corporate loan books
EBA pilot study assessing European banks’ corporate loan portfolios for alignment with the Paris Agreement’s temperature targets, revealing average implied temperature rises of 3.7–4.1°C and proposing a methodology to measure financed emissions and transition risk under the CSRD framework.
Extranet
2024 11 15 PMR -2024 Jose Manuel Campa
EBA Public Meeting Register for November 2024 listing meetings held by Chairperson Jose Manuel Campa – no disclosed meetings for 1-15 November covering stakeholder engagements or regulatory topics.
Abbreviations and acronyms
Introduction
Executive summary
List of figures
jc_2024_61-_mandate_of_the_jc_sub-committee_on_consumer_protection_and_financial_innovation_jc_sc_cpfi.pdf
EBA, EIOPA, and ESMA outline the mandate of their Joint Committee’s Consumer Protection and Financial Innovation Sub-Committee, focusing on cross-sectoral consistency in consumer protection, financial innovation, regulatory convergence, and financial literacy under EU financial regulations.
jc_2024_60_-_joint_committee_of_the_european_supervisory_authorities_rules_of_procedures.pdf
European Supervisory Authorities (EBA, EIOPA, ESMA) update the Joint Committee’s Rules of Procedure for 2024, defining governance, meeting protocols, and cross-sectoral cooperation on financial stability, consumer protection, cybersecurity, and prudential oversight.
jc_2024_62_-_mandate_of_the_jc_sub-committee_on_financial_conglomerates_jcfc_.pdf
EBA, EIOPA, and ESMA outline the mandate of the Joint Committee Sub-Committee on Financial Conglomerates (JCFC), detailing its role in supervisory coordination, systemic risk assessment, and regulatory input under the Financial Conglomerates Directive (2002/87/EC).
jc_2024_63_-_mandate_of_the_jc_securitisation_committee_jcsc.pdf
European Supervisory Authorities’ Joint Committee establishes the mandate of the Securitisation Committee (JCSC) under the Securitisation Regulation (EU) 2017/2402, outlining its role in coordinating supervision, ensuring consistent STS securitisation implementation, and resolving cross-sectoral disputes among competent authorities.
Notifications MiCAR Member States to EBA and ESMA
EBA and ESMA outline notification requirements for EU Member States under MiCAR (Regulation 2023/1114), covering designation of competent authorities (Article 93), implementation of Title VII (Article 99), and rules on administrative penalties (Article 111), including submission templates and procedures.