EBA, EIOPA, and ESMA finalize joint guidelines under DORA to establish cooperation and information exchange procedures between European Supervisory Authorities and competent authorities for consistent oversight of critical ICT third-party service providers, effective January 2025.
The European Banking Authority (EBA) welcomes the entry into force of the new European Banking Package, which implements the final Basel III framework into EU regulation. To ensure a smooth operational implementation of the Banking Package, the EBA encourages institutions and competent authorities to engage in an active dialogue.
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) will establish the EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA), that will facilitate an effective financial sector response to a cyber incident that poses a risk to financial stability, by strengthening the coordination among financial authorities and other relevant bodies in the European Union, as well as with key actors at international level.
The Banking Stakeholder Group (BSG) of the European Banking Authority (EBA) today held its first meeting in its new composition. The renewed BSG is the sixth one since the establishment of the EBA in 2011, and was agreed by the EBA Board of Supervisors at its meeting on 25 June 2024. The 30 selected members started their four-year mandate on 1 July 2024. Their role is to facilitate consultation and dialogue with stakeholders in all the areas relevant to the tasks of the EBA.
EBA consults on draft amendments to Implementing Technical Standards for the joint decision process on internal model authorisations under CRR (Regulation (EU) No 575/2013), focusing on prudential permissions and stakeholder feedback by October 2024.
EBA report assessing the implementation of gender-neutral remuneration policies by banks and investment firms, analysing compliance challenges, supervisory reviews, pay gap monitoring, and measures to ensure equal pay under EU regulatory frameworks – July 2024.
EBA Chairperson Jose Manuel Campa’s July 2024 public meeting register detailing discussions with stakeholders like the EBRD on risk outlook, equivalence assessments, and ESG financing.
The European Banking Authority (EBA) today published a report on the application of derogations to the requirements to pay out a part of the variable remuneration for identified staff under deferral arrangements and in instruments that are available to small and non-complex institutions and for identified staff receiving only a relatively small amount of variable remuneration. This report forms part of the EBA’s contribution to the review to be performed by the European Commission.
The European Banking Authority (EBA) today published the report on the application of gender-neutral remuneration policies by institutions and investment firms. The report is based on the information collected from institutions, investment firms and competent authorities.
The European Banking Authority (EBA) today published a consultation paper amending the Implementing Regulation on the joint decision process for internal model authorisation under the Capital Requirements Regulation (CRR). The revised Implementing Technical Standards (ITS) incorporate changes to the EU legal framework, including the reduced scope of application for internal models under CRR III and the updated framework on the general functioning of supervisory colleges. This draft amending ITS are part of the first phase of the EBA roadmap for implementing the EU Banking Package. This consultation runs until 16 October 2024.
The European Banking Authority (EBA) today launched a consultation on draft Guidelines on reporting requirements to assist competent authorities and the EBA in performing their duties under the Markets in Crypto-assets Regulation (MiCAR). These Guidelines should ensure that Competent Authorities have sufficient comparable information to supervise compliance of issuers with MiCAR requirements and provide the EBA with the information necessary to conduct the significance assessment under MiCAR. The consultation runs until 15 October 2024.
EBA report analysing capital buffer stacking practices and management strategies in EU banks – examines regulatory compliance, risk coverage, and supervisory trends under CRD/CRR frameworks as of July 2024.
EBA survey gathering confidential data from banks on management buffers, including their definition, drivers, target levels, interaction with prudential and resolution thresholds (e.g., own funds, MREL), and integration into ICAAP and disclosure frameworks.
EBA report analysing the use of derogations under CRD Art 94(3) and 94(5) for remuneration payouts to identified staff in banks – assessing industry impact, administrative burden, risk alignment, and supervisory observations across EU Member States.
The European Banking Authority (EBA) today published a Report on the stacking orders of capital, leverage and MREL/TLAC requirements and related capital buffers, as well as on reflections about management buffers practices in the European Union (EU). The Report describes the role of regulatory stacks, both going and gone concern, with a focus on micro-prudential elements. It also summarises the differences between the EU, the UK and US frameworks. The Report highlights institutions’ practices on management buffers. Further work of the EBA will include efforts to continue to clarify, where necessary, the interaction between the different stacks.