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The European Banking Authority (EBA) received a notification regarding the resolution action taken by the Single Resolution Board (the SRB) in respect of Banco Popular Español as the conditions for resolution were met. The SRB adopted a resolution scheme providing for the application of the sale of business tool. Following a marketing process, the SRB decided to transfer Banco Popular to Banco Santander S.A. and to exercise the power of write-down and conversion of capital instruments prior to the transfer in order to address the shortfall in the value of the Institution.

The European Banking Authority (EBA) published today its 2016 Annual Report, which provides a detailed account of all the work the Authority achieved in the past year and anticipates the key areas of focus in the coming years.

The European Banking Authority (EBA) submitted today its response to the European Commission's Public Consultation on FinTech : a more competitive and innovative European financial sector Document on Retail Financial Services. In the response, the EBA conveys its views on a subset of the Commission’s questions, and focuses on the work the EBA has done so far on FinTech. Separately, the EBA is currently developing a Discussion Paper on FinTech issues that fall more into the EBA’s remit and will publish its views in the coming months.

The European Banking Authority (EBA) will hold a public hearing on 3 July 2017 at 14:00 UK time to update all relevant stakeholders on the progress made so far on the possibility of developing a new prudential regime for MiFID investment firms.

The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those which have been deactivated either for incorrectness or for triggering IT problems.

The European Banking Authority (EBA) published today its 2018 EU-wide stress test draft methodology and templates for discussion with the industry. The exercise will cover 70% of the EU banking sector and will assess EU banks' ability to meet relevant supervisory capital ratios during an adverse economic shock. The methodology covers all relevant risk areas and, for the first time, will incorporate IFRS 9 accounting standards. The results will inform the 2018 Supervisory Review and Evaluation Process (SREP), challenging banks' capital plans and leading to relevant supervisory outcomes. The exercise will also provide enhanced transparency so that market participants can compare and assess the resilience of EU banks on a consistent basis. The list of institutions participating in the exercise is also released today.