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EBA urges continued progress in financial institutions' preparations for the UK's departure from the EU
The European Banking Authority (EBA) published today a communication on the remaining issues related to the preparation by financial institutions for the departure of the UK from the EU. In this communication, the EBA urges continued progress on contingency planning. Notably, to ensure that assets, appropriate staff and data are in place to support relevant authorisations and that customers are adequately informed.
Low profits and high costs remain a key challenge for the EU banking sector
The European Banking Authority (EBA) published today its quarterly Risk Dashboard covering Q2 data, which summarises the main risks and vulnerabilities in the EU banking sector. Capital ratios have remained broadly stable and banks’ asset quality has further improved. However, low profitability keeps on being a key challenge for the sector.
Joint Opinion on the risks on ML and TF affecting the EU's financial sector.pdf
Joint Opinion on the risks of ML and TF affecting the EU’s financial sector
EBA Dashboard - Q2 2019.pdf
EBA Risk Dashboard – Q2 2019
KRI - Risk parameters annex - Q2 2019.pdf
EBA Interactive Dashboard - Q2 2019_Protected.xlsx
EBA Risk Dashboard Interactive Tool – Q2 2019
KRI - Risk parameters annex - Q2 2019.xlsx
Joint Opinion on the risks on ML and TF affecting the EU's financial sector.pdf
Joint Opinion on the risks of ML and TF affecting the EU’s financial sector
ESAs highlight money laundering and terrorist financing risks in the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector. Drawing on data and information provided by national anti-money laundering (AML) and countering the financing of terrorism (CFT) competent authorities (CAs), the ESAs found that the monitoring of transactions and suspicious transactions reporting still raise concerns, particularly in sectors where a financial institution’s business model is based on frequent transactions. This Opinion contributes to strengthening the EU’s AML and CFT efforts.