EBA letter addressing concerns about BNP Paribas' legacy Tier 2 perpetual instrument, clarifying its ineligibility as regulatory capital under CRR due to tax call clauses and multi-layered structure, requiring grandfathering treatment ended in 2021.
EBA template outlining requirements for written coordination and cooperation arrangements in supervisory colleges under Directive 2013/36/EU, covering member identification, interaction frameworks with resolution and AML/CFT colleges, and information exchange protocols for cross-border banking groups.
EBA final report on draft regulatory and implementing technical standards updating supervisory college rules under CRD V, covering cooperation, information exchange, and emergency procedures for cross-border banking groups and financial holding companies.
The European Banking Authority (EBA) today published final draft Regulatory Technical Standards (RTS) and final draft Implementing Technical Standards (ITS) on the functioning of supervisory colleges under the Capital Requirements Directive (CRD). The technical standards, adopted in 2015, have been updated to reflect the new requirements laid down in the CRD V and Capital Requirements Regulation (CRR 2), as well as to take into account the EBA’s ongoing college monitoring activity and the lessons learned from the implementation of the standards. The updated standards aim at ensuring a common EU framework for colleges of supervisors and promoting a more efficient and effective supervision of cross-border banking groups.
THURSDAY 11 JANUARY 2024 FROM 14.00 TO 15.30 CET (VIRTUAL EVENT)
THURSDAY 11 JANUARY 2024 FROM 14.00 TO 15.30 CET (VIRTUAL EVENT)
EBA opinion on Bank of Italy’s request to permit CQS 3 credit institution exposures as collateral for covered bonds under CRR Article 129(1a)(c), addressing concentration risks in Italy’s covered bond market due to limited CQS 1 and 2-rated institutions.
The European Banking Authority (EBA) today published an Opinion addressed to the Bank of Italy following the Competent Authority's notification of its decision to introduce a partial waiver of Article 129 (1)(c) of the Capital Requirements Regulation (CRR), which specifies the conditions for the eligibility of covered bonds in relation to risk weight preferential treatments. Given the significant potential concentration problem in Italy, the EBA is of the opinion that the application of a partial waiver is adequately justified.
Wednesday 10 January 2024 from 10:00 to 11:00 CET
10 January 2024, 10:00 - 11:30 CET (virtual event)
EBA AML/CFT Newsletter Issue 11 covers 2023 progress in anti-money laundering and counter-terrorism financing supervision, including assessments of competent authorities, risk mitigation guidance, updated NPO guidelines, college cooperation improvements, and sector-specific compliance discussions with payment institutions.
EBA, EIOPA, and ESMA consult on draft Implementing Technical Standards outlining collection bodies' tasks and functionalities of the European Single Access Point (ESAP) under Regulation (EU) 2023/2859, seeking stakeholder feedback by March 2024.
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a Consultation Paper on the draft implementing technical standards (ITSs) regarding the tasks of the collection bodies and the functionalities of the European Single Access Point (ESAP). These ITSs and the requirements they set out are designed to enable future users to be able to effectively harness the comprehensive financial and sustainability information centralised on the ESAP. Stakeholders are encouraged to provide their feedback to this consultation by 8 March 2024.