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EBA publishes its comments in response to the Report by Philippe Maystadt "Should IFRS standards be more European?".

The European Banking Authority (EBA) published today the peer review on the implementation of the EBA guidelines on stress testing . The aim of the peer review was to assess and compare the effectiveness of the supervisory activities related to the review of credit institutions’ own stress testing frameworks across the EU, as well as the implementation of related provisions by competent authorities. The report shows that National Competent Authorities (NCAs) largely comply with the three assessed guidelines (18, 19 and 20).

The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) consults the public on the removal of mechanistic references to credit ratings in their guidelines and on the definition of sole and mechanistic reliance on such ratings.

The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) is launching today a one-month public consultation on the removal of mechanistic references to credit ratings in their guidelines and on the definition of sole and mechanistic reliance on such ratings.

The EBA's Banking Stakeholder Group (BSG) enters its second term of work and holds its first meeting of the BSG in its new composition on 30 October 2013. Of the 30 newly appointed or reappointed members, 10 are delegates from credit and investment institutions, 3 of which represent savings or cooperative banks, 10 are representatives of consumers and users, 6 are academics, 2 represent small and medium-sized enterprises and 2 are employees' representatives.

The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have jointly launched a consultation on guidelines for complaints handling in the securities and markets sectors. The proposed Guidelines will build on the existing guidelines on complaints handling by insurance undertakings published by the European Insurance and Occupational Pensions Authority (EIOPA) in June 2012. The consultation runs until 7 February 2014.

The EBA's Banking Stakeholders Group (BSG) has re-elected Mr David Llewellyn as its Chairperson. The election took place during the first meeting of the newly appointed EBA's Banking Stakeholders Group (BSG) on 30 October 2013.