2024 12 15 PMR Francois-Louis Michaud
EBA Executive Director François-Louis Michaud’s December 2024 public meeting register – details meetings with KPMG Germany covering EU regulatory topics, supervisory updates, and stakeholder discussions.
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Report on the functioning of AML/CFT colleges in 2023
European Banking Authority (EBA) 2023 report assessing the functioning of AML/CFT colleges, covering progress on key action points, supervisory convergence, risk-based approaches, and recommendations to enhance cooperation and effectiveness in combating money laundering and terrorist financing.
EU banks’ liquidity coverage ratio increased in June 2024, underpinned by growth in banks’ holdings of liquid assets
The European Banking Authority (EBA) today published a Report on liquidity measures, which monitors and evaluates the liquidity coverage requirements currently in place in the EU. Between June 2023 and June 2024, EU banks’ liquidity coverage ratio (LCR) increased by 3 percentage points to reach 167%. Within that period, we observed changes in the composition of banks’ funding deposits while banks’ holdings of liquid assets steadily increased. EU banks’ average LCR in USD and in GBP improved during the period under review, to exceed 100% as of June 2024.
Report on NCAs approaches to the supervision of banks with respect to AML/CFT
EBA’s 2024 report assesses how national authorities supervise banks’ anti-money laundering and counter-terrorism financing measures, covering risk assessments, supervisory tools, enforcement, and cooperation under EU AML/CFT frameworks.
Factsheet on countering terrorist financing
EBA factsheet on countering terrorist financing – explains terrorist financing risks, differences between targeted financial sanctions and detection, and outlines EBA guidelines for financial institutions and supervisors to mitigate risks, enhance cooperation, and prevent unwarranted derisking under EU Directive 2017/541 and FATF standards.
Report on Liquidity Measures under Article 509(1) of the CRR (1)
EBA report analysing liquidity measures under Article 509(1) of the CRR, including LCR trends, components, business model impacts, currency mismatches, lending effects, and unwind mechanisms for EU banks in 2024.
François-Louis Michaud's interview with Revue Banque: If banks are to hold on to their role as financial intermediaries, they need to retain added value in their information management
Competent authorities have made significant progress in their approaches to tackling money laundering and terrorist financing, the EBA Report finds
The European Banking Authority (EBA) today published the findings from its fourth and final round of reviews of competent authorities’ approaches to tackling money laundering and terrorist financing (ML/TF) risks in the banking sector. With this round, the EBA has now assessed all competent authorities that are responsible for the AML/CFT supervision in thirty EU/EEA member states.
Public hearing on the RTS on the materiality of model changes and extensions under Article 143(5) of Regulation (EU) No 575/2013
Monday 16 December 2024, 14:00 - 15:00 CET (virtual event)
Public hearing on the GL on retail diversification methods under Article 123(1) of Regulation (EU) No 575/2013
Monday 16 December 2024, 15:00 - 16:00 CET (virtual event)
The EBA assesses potential benefits and challenges of tokenised deposits
The European Banking Authority (EBA) today published a Report to facilitate awareness of tokenised deposits, as well as assess their potential benefits and challenges. The Report also aims to promote convergence in the classification of tokenised deposits in contrast with electronic money tokens (EMTs) issued by credit institutions under the Markets in Crypto-Assets Regulation (MiCAR).
Report on tokenised deposits
European Banking Authority (EBA) December 2024 report analysing tokenised deposits – examines market cases, benefits like programmability and AML compliance, challenges including regulatory definitions and operational risks, and applicable frameworks under MiCAR.
sDPN - Management of meetings - Formal Meetings - Public Meeting Manager.
European Banking Authority (EBA) data protection notice outlining the processing of personal data for organizing formal meetings, public registers, and transparency obligations under EUDPR and TFEU, including participant details, access rights, and retention periods.
2024 12 10 EBA response to Mr Berrigan re Interplay between MiCA and PSD2
EBA responds to European Commission on the interplay between MiCA and PSD2 regulations, assessing potential no-action letter options and aiming to publish findings by April 2025 in coordination with ESMA.
2024_11_30_pmr_francois-louis_michaud.pdf
EBA Executive Director François-Louis Michaud’s public meetings in November 2024 covering liquidity regulation, banking sector priorities for the new legislative cycle, and debates on EU financial regulation’s impact on competitiveness and supervision.
2024_11_15_pmr_francois-louis_michaud.pdf
EBA Executive Director François-Louis Michaud’s November 2024 meeting register – covers discussions on regulatory cooperation, geopolitical impacts on financial services, and ESG/climate risk integration in banking, including Pillar 3 disclosures.
ESAs Guidelines on templates for explanations and opinions, and the standardised test for the classification of crypto-assets
EBA, EIOPA, and ESMA final guidelines under MiCAR establish templates for crypto-asset white paper explanations and legal opinions, plus a standardised test for classifying crypto-assets, defining compliance requirements for issuers and service providers in the EU.
Letter to EBA and ESMA on the interplay between MiCA and PSD2
European Commission requests EBA and ESMA to assess issuing a 'no action letter' to clarify the interplay between MiCA and PSD2 for crypto-asset service providers handling e-money tokens, aiming to reduce regulatory burden and prevent arbitrage until PSD3/PSR implementation.
ESAs provide Guidelines to facilitate consistency in the regulatory classification of crypto-assets by industry and supervisors
The three European Supervisory Authorities (EBA, EIOPA and ESMA - the ESAs) today published joint Guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR. The Guidelines include a standardised test to promote a common approach to classification as well as templates market participants should use when communicating to supervisors the regulatory classification of a crypto-asset.