CSSF presentation on implementing EBA Recommendations on cloud outsourcing in Luxembourg, covering supervisory requirements, EU harmonisation, and national specificities under CSSF circular 17/654 and EBA guidelines (2018).
EBA conference session on cloud computing risks and opportunities for banks, covering data security, governance, vendor lock-in, and HSBC’s cloud adoption plans as discussed in October 2018.
The European Banking Authority (EBA) acknowledged today the adoption by the European Commission of the Implementing Regulation on the procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms, repealing Regulation (EU) 2016/1066. The Implementing Regulation, which is based on the final draft Implementing Technical Standards (ITS) on the provision of information for resolution plans submitted by the EBA in April 2018, was adopted by the Commission on 23 October 2018. Its publication in the EU Official Journal is still pending. The reporting requirements will apply as of 31 December 2018 (reporting framework v2.8).
EBA 2018 amending budget – details revenue sources (EU, national authorities, EEA EFTA) and expenditure (staff costs, training, relocation) under Regulation (EU) No 1093/2010, adjusting the initial 2018 budget.
European Supervisory Authorities (ESAs) consult on revised draft implementing technical standards amending EU Regulation 2016/1799 to update the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments under the Capital Requirements Regulation (CRR).
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation to amend the Implementing Regulations on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk to reflect the outcomes of a monitoring exercise on the adequacy of existing mappings, namely changes to the Credit Quality Steps (CQS) allocation for two ECAIs and the introduction of new credit rating scales for ten ECAIs. The Implementing Regulations are part of the EU Single Rulebook for banking and insurance aimed at creating a safe and sound regulatory framework consistently applicable across the European Union (EU). The consultation runs until 31 December 2018.
European Banking Authority 2019 Work Programme outlining strategic priorities and activities, including Basel III implementation, risk analysis, data collection, FinTech innovation, stress testing, and Brexit preparedness for EU banking supervision.
European Banking Authority (EBA) 2019 work programme outlining strategic priorities and activities, including Basel III implementation, financial innovation, data analysis, risk assessment, stress testing, and preparations for Brexit and EBA’s relocation to Paris.
The European Banking Authority (EBA) announced today that individual results for the banks participating in the 2018 EU-wide stress test, along with detailed balance sheets and exposure data as of end 2017, will be published on Friday 2 November at 17:00 UK time (18:00 CET).