The draft RTS specify general conditions for the establishment and functioning of colleges of supervisors, while the draft ITS establish important procedures to structure and facilitate the interaction and cooperation between the consolidating supervisor and the relevant competent authorities.
EBA-Op-2015-19 (Opinion on cooperation with third countries - Art 161 (7) CRD)
The European Banking Authority (EBA) published today a Report and an Opinion on the application of legal provisions on cooperation and information sharing between EU and non-EU supervisory authorities. The objective of this report is to identify any issues and areas of improvement and to propose legislative changes, where needed, to better facilitate prudential supervision of institutions on a cross-border basis.
EBA REC 2015 01-Compliance Table on Equivalence of Confidentiality Regimes
Recommendation amending EBA-Rec-2015-01 on the equivalence of confidentiality regime
EBA-RTS-2015-03 Final draft RTS on Resolution Colleges
Annex I - EBA questionnaire on regulatory equivalence
Annex II - Basel references
The European Banking Authority (EBA) today published its annual assessment of EU colleges of Supervisors, responsible for the oversight of cross border banks. The report assesses how colleges have functioned during 2014 and identifies key activities for the effective oversight of EU cross border banking groups in 2015. The report introduces items for supervisory attention in 2015, including conduct risk, Information Technology (IT) risks and the need for effective decisions on recovery plans.
EBA-REC-2015-01 Recommendations on the equivalence of confidentiality regimes
BSG response to Consulation paper (EBA-CP-2014-46) - 18 March 2015
Annex I (Mapping Template)
Annex II - Template on written coordination and cooperation arrangements
The EBA has published its final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on the functioning of the colleges of supervisors in the EU. These technical standards on colleges detail the conditions for the establishment and functioning of colleges of supervisors, and assist the interaction and cooperation between the consolidating supervisor and the relevant competent authorities. They also detail how colleges' supervisory activities should be planned and performed in both going concern and emergency situations.
EBA-RTS-2014-16 and EBA-ITS-2014-07 (Final draft RTS and ITS on Colleges of Supervisors)
EBA/ITS/2014/06 Final draft ITS on Joint Decisions on Internal Models
The EBA published today its final draft Implementing Technical Standards (ITS) on joint decisions related to the approval of internal models. The objective of these standards is to facilitate the interaction and cooperation between competent authorities and to strengthen supervision of cross-border banking groups across the EU. These ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector at EU level.
Methodology for the assessment of the equivalence of Third Country
Professional Secrecy Standards with the Capital Requirements
Directive for the purposes of colleges of supervisors