The EBA published today the final set of templates and instructions that institutions participating in the Quantitative Impact Study (QIS) on the definition of default should complete and submit to their respective Competent Authorities (CAs) by 10 December 2015 at the latest.
In its risk dashboard for the EU banking sector published today, the European Banking Authority (EBA) gives an overview of the health of EU banks for the second quarter of 2015. While capital ratios have increased, the quality of loan portfolios remains weak, but EU banks profitability has increased compared to 2014. The EBA risk dashboard summarises the main risks and vulnerabilities in the banking sector on the basis of the evolution of a set of key risk indicators across the EU.
The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.
The European Banking Authority (EBA) published today its eighth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital ratios and leverage ratio (LR), as well as on liquidity ratios - liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) - for banks in the European Union (EU).
The European Banking Authority (EBA) signed a Memorandum of Cooperation with supervisory authorities in six South-Eastern European (SEE) countries, establishing a framework for cooperation and information exchange.
The European Banking Authority (EBA) published today an updated list of capital instruments that Competent Supervisory Authorities (CAs) across the European Union (EU) have classified as Common Equity Tier 1 (CET1). Since the publication of the first update of the list in December 2014, some new CET1 instruments have been assessed and evaluated as compliant with the Capital Requirements Regulation (CRR). This list is compiled in accordance with Article 26 of the CRR and is updated on a regular basis.
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the communication between competent authorities supervising credit institutions and statutory auditors of those institutions. Effective communication between competent authorities and auditors should contribute to fostering financial stability, safety and soundness of the banking system. The consultation runs until 21 January 2016.
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on two anti-money laundering and countering the financing of terrorism (AML/CFT) Guidelines. These Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied by credit and financial institutions and competent authorities across the EU. The documents are part of the Joint Committee’s work to establish consistent and effective, risk-based supervisory practices across the EU.
The European Banking Authority (EBA) jointly with the European Network and Information Security Agency (ENISA) hosted a workshop at the EBA premises to discuss opportunities and challenges of using the cloud in the banking sector. This workshop, which brings together supervisory authorities, CISOs from banks, IT and banking industry organisations and large cloud service providers will provide a forum for discussing the current status and potential ways to address supervisory or bank concerns and risks regarding the use of cloud services.
The European Banking Authority (EBA) published its detailed annual work programme for 2016, describing the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting the key strategic areas of work in the coming years (from 2016 to 2018).
The EBA acknowledges notification from the Croatian National Bank and the State Agency for Deposit Insurance and Bank Resolution with respect to its decision on the resolution of Jadranska banka d.d. Šibenik.
The European Banking Authority (EBA) published today a Consultation Paper on its proposed benchmark rate under the Mortgage Credit Directive (MCD), which requires creditors to create two illustrative examples in the European Standardised Information Sheet (ESIS) for variable rate mortgages on the basis of a benchmark rate specified by the EBA. To that end, the EBA has developed a formula to calculate the rate and would now like to hear the views from consumer and industry stakeholders on the approach it is proposing. The consultation runs until 20 November 2015.
The EBA acknowledges notification from the Finansiel Stabilitet with respect to its decision on the resolution of Andelskassen J.A.K. Slagelse.
In response to requests received from representatives of the industry, the EBA has decided to extend the period for expressing views and comments on the templates and instructions of the Qualitative Impact Assessment (QIS) on the definition of default. Concerned parties can send their comments to EBA-DoD@eba.europa.eu by Monday 19 October 2015.
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines specifying the application of the definition of default. The work is in line with an EBA Discussion Paper on the topic published earlier in the year which described the EBA's upcoming work on improving consistency and comparability in capital requirements. The consultation runs until 22 January 2016 and the EBA is also asking the public for feedback on a Quantitative Impact Assessment (QIS) of the Guidelines.
The European Banking Authority (EBA) launched a call for expression of interest for membership to its Banking Stakeholder Group (BSG), as the mandate for the majority of its members will expire in April 2016. The call for expression of interest is open to candidates representing stakeholders across the European Union. The deadline for application is 15 December 2015. The announcement is available in all EU official languages.
The European Banking Authority (EBA) launched today a call for expression of interest for membership to its Banking Stakeholder Group (BSG), as the mandate for the majority of its members will expire in April 2016. The call for expression of interest is open to candidates representing stakeholders across the European Union. The deadline for application is 15 December 2015.
The European Banking Authority (EBA) published today an Opinion on mortgage lending value (MLV) addressed to the European Commission and related to the EBA’s mandate to deliver technical standards harmonising the concept of MLV in the Capital Requirements Regulation (CRR). In this Opinion, the Authority raises concerns about the possible unintended consequence that a harmonised definition of MLV across the CRR might have on the EU covered bonds market.
The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA) published today its Work Programme for the upcoming year. Throughout 2016, the Joint Committee will continue to give high priority to Consumer Protection and Cross-Sectoral Risk Analysis.
The European Banking Authority (EBA) published today its first analysis of asset encumbrance among EU banking institutions. This preliminary analysis will provide important elements for EU supervisors to assess the sustainability of banks funding structures. It shows there is no indication of a general increase in the level of asset encumbrance over recent years across EU banking institutions. The report will be published on a yearly basis in the future, as data quality improves with the full establishment of reporting requirements for asset encumbrance, a key component of risk management policies and decision making processes in the EU banking sector.