Press releases 2014

  • EBA publishes final Guidelines on disclosure requirements for the EU banking sector

    The European Banking Authority (EBA) published today three sets of final Guidelines related to the information that institutions in the EU banking sector should disclose under Pillar 3. These Guidelines, condensed into a single document, cover how institutions should apply the concepts of materiality, proprietary nature and confidentiality in relation to the disclosure requirements, as well as how they should assess the frequency of disclosures. These Guidelines aim at enhancing consistency in disclosure practices across the EU and are part of the EBA’s work to ensure transparency in the EU banking sector.

    23/12/2014 - Press releases

  • EBA publishes draft technical standards on data waiver

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the conditions for competent authorities (CAs) to grant permission for institutions to use relevant data covering shorter time series (data waiver permission), when estimating risk parameters. These RTS will be part of the Single Rulebook in the banking sector in the European Union (EU).

    23/12/2014 - Press releases

  • EBA published final draft technical standards on countercyclical buffer disclosure

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on disclosure of information related to the countercyclical capital buffer (CCB). These RTS will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation in the EU banking sector. In particular, the use of uniform templates for the disclosure of the CCB will facilitate geographical comparison and ensure transparency of the CCB buffer for all financial institutions across the EU.

    23/12/2014 - Press releases

  • EBA calls for improving the well-functioning of the securitisation market

    The European Banking Authority (EBA) published today an Opinion on how to improve the well- functioning of the securitisation market. The Opinion is based on a detailed report, which assesses compliance by Competent Authorities with securitisation risk retention, due diligence and disclosure requirements. While expressing support for the provisions laid down in the Capital Requirements Regulation (CRR), the EBA is making a series of recommendations to ensure increased transparency, legal certainty of compliance with the retention rules as well as prevention of any potential regulatory arbitrage. The report also assesses the application and effectiveness of such requirements in light of the international developments.

    22/12/2014 - Press releases

  • The Joint Committee of the ESAs publishes final Guidelines on consistency of supervisory practices for financial conglomerates

    The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) published today the Joint Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial conglomerates. The first Guidelines developed jointly by the three ESAs in relation to the FICOD (Financial Conglomerates Directive) aim to clarify and enhance cooperation between national competent authorities on cross-border groups that have been identified as financial conglomerates.

    22/12/2014 - Press releases

  • EBA publishes its sixth semi-annual report on risks and vulnerabilities of the EU banking sector

    The European Banking Authority (EBA) published today its sixth semi-annual report on risks and vulnerabilities of the EU banking sector. The report highlights that throughout 2014, European banks have continued to take advantage of favourable market conditions to raise capital in preparation for the asset quality reviews (AQR) and the 2014 EU-wide stress test. The average common equity tier 1 (CET1) ratio for the largest European banks reached 11.8 % in June 2014, the highest level since 2009 and broadly in line with the largest US banks. The report informs that market sentiment and confidence is improving. However, it also warns that the signs of recovery remain modest and fragile and that weak macroeconomic conditions can further affect credit quality. The heavy debt overhang, the potential impact of conduct-related issues, and the sustainability of business models and profitability remain sources of concerns.

    19/12/2014 - Press releases

  • EBA publishes final draft technical standards on supervisory colleges

    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.

    19/12/2014 - Press releases

  • EBA publishes final Guidelines on SREP methodologies and processes

    The European Banking Authority (EBA) published today its final Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP). These Guidelines represent a major step forward in forging a consistent supervisory culture across the Single Market and provide a common framework for the work of supervisors in the assessment of risks to banks' business models, their solvency and liquidity. These Guidelines will be a key component of the EU Single Rulebook, which aims at improving the functioning of the internal market, including a sound, effective and consistent level of regulation and supervision in the banking sector.

    19/12/2014 - Press releases

  • EBA publishes Opinion on waiver addressing potential concentration problems for covered bonds

    The European Banking Authority (EBA) published today an Opinion addressed to the Danish FSA following its proposal of a partial waiver from the application of Article 129 (1)(c) of the Capital Requirements Regulation (CRR), which specifies the conditions for the eligibility of covered bonds in relation to risk weight preferential treatment. The EBA is of the opinion that given the significant potential concentration problems in Denmark, the application of a partial waiver is adequately justified.

    19/12/2014 - Press releases

  • EBA issues guidelines to strengthen requirements for the security of internet payments across the EU

    The European Banking Authority (EBA) published today its final Guidelines on the security of internet payments, which set the minimum security requirements that Payment Services Providers in the EU will be expected to implement by 1 August 2015. Concerned about the increase in frauds related to internet payments, the EBA decided that the implementation of a more secure framework for internet payments across the EU was needed. These Guidelines are based on the technical work carried out by the European Forum on the Security of Retail Payments (SecuRe Pay).

    19/12/2014 - Press releases

  • EBA publishes technical standards and guidelines on resolution planning

    The EBA published today final draft Regulatory Technical Standards (RTS) on resolution planning and final Guidelines on measures to reduce or remove impediments to resolvability. These are part of the EBA's work to promote a consistent and coherent approach to bank resolution across the European Union (EU) and specify contents of resolution plans for EU institutions, as well as the criteria for the resolvability assessment. Common EU standards in these areas are essential to facilitate effective cooperation and joint decisions between resolution authorities.

    19/12/2014 - Press releases

  • EBA publishes final draft technical standards on joint decisions for approval of 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.

    18/12/2014 - Press releases

  • EBA publishes criteria to assess other systemically important institutions (O-SIIs)

    The European Banking Authority (EBA) issued today its final Guidelines defining the criteria that EU competent authorities will use to identify institutions that are systemically important either at Union or Member State level, the so-called ‘other systemically important institutions’ (O-SIIs). These Guidelines aim at setting uniform parameters at EU level while taking into account specificities of Member States’ individual banking sectors, so as to achieve an appropriate degree of convergence in the identification process as well as at ensuring a comparable, clear and transparent assessment of systemically important institutions in the EU.

    16/12/2014 - Press releases

  • EBA issues final technical advice on criteria and factors for intervention on structured deposits under MiFIR

    The European Banking Authority (EBA) published today its final technical advice to the Commission laying out criteria and factors for exercising intervention powers on structured deposits. This final technical advice, which has been developed in accordance with the Markets in Financial Instruments Regulation (MiFIR) requiring the EBA to monitor the market for structured deposits, takes into consideration, where appropriate, comments received during a public consultation earlier this year.

    11/12/2014 - Press releases

  • EBA consults on criteria for determining the minimum requirement for own funds and eligible liabilities (MREL)

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) further specifying the criteria to set the minimum requirement for own funds and eligible liabilities (MREL) laid down in the Bank Recovery and Resolution Directive (BRRD). The aim of these standards is to achieve an appropriate degree of convergence in how these criteria are interpreted and applied across the EU to ensure a level playing field. Institutions with similar risk profiles, resolvability and other characteristics in any Member State should have similar levels of MREL. The consultation runs until 27 February 2015.

    28/11/2014 - Press releases

  • EBA publishes an Opinion on the perimeter of credit institutions

    The European Banking Authority (EBA) published today an Opinion addressed to the European Commission, relating to the perimeter of credit institutions and namely to the different approaches across EU Member States on the interpretation of the definition of ‘credit institution’ in the Capital Requirements Regulation (CRR). The Opinion is based on a report, also published today, in which the EBA summarises the findings of a comprehensive study, which focuses on the interpretation of the term ‘credit institution’ and the prudential treatment of those entities established in the Union which carry on credit intermediation but are not ‘credit institutions’.

    27/11/2014 - Press releases

  • ESAs share initial views on consumer-friendly Key Information Documents on investment products across the EU

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) published today a Discussion Paper on Key Information Documents (KIDs) designed to help retail investors in the EU better understand and compare packaged retail and insurance-based investment products (PRIIPs) across the EU. The ESAs are looking for feedback from all concerned stakeholders by 17 February 2015.

    17/11/2014 - Press releases

  • EBA consults on guidelines on the use of the bail-in power

    The European Banking Authority (EBA) lunched today two public consultations on (i) Guidelines on the treatment of shareholders when applying the bail-in tool or the write down or conversion of capital instruments and (ii) Guidelines on when and how different conversion rates from debt to equity should be set for different types of liability. These two sets of Guidelines are part of a series of EBA regulatory mandates under the Bank Recovery and Resolution Directive (BRRD), which aim to ensure that the bail-in power is an effective way of absorbing losses and recapitalising banks in resolution, and that resolution authorities and other stakeholders have a clear understanding of the terms on which it should be applied. Both consultations run until 6 February 2015.

    11/11/2014 - Press releases

  • EBA consults on guidelines on product oversight and governance arrangements for retail banking products

    The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on product oversight and governance arrangements for retail banking products. The guidelines, which apply to both manufacturers and distributors of retail banking products, aim at ensuring that the interests, objectives and characteristics of consumers are taken into account when such products are designed and brought to market. The consultation will run until 10 February 2015.

    10/11/2014 - Press releases

  • Clarification statement by Andrea Enria, EBA Chairperson, following his address at FRSN conference in Berlin

    The EBA released a clarification statement following Andrea Enria's address at the FRSN conference in Berlin on "The Comprehensive Assessment, the ECB’s New Role and Limits of a Common Supervision in the EU".

    30/10/2014 - Press releases

  • EBA publishes 2014 EU-wide stress test results

    The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking sector and increase confidence. On average, EU banks’ common equity ratio (CET1) drops by 260 basis points, from 11.1% at the start of the exercise, after the asset quality reviews’ (AQRs) adjustment, to 8.5% after the stress. By disclosing these results, the EBA is providing unparalleled transparency into EU banks’ balance sheets, with up to 12,000 data points per bank, an essential step towards enhancing market discipline in the EU.

    26/10/2014 - Press releases

  • EBA notifies breach of EU law to Bulgarian authorities

    The European Banking Authority (EBA) has adopted a formal recommendation addressed to the Bulgarian National Bank (BNB) and the Bulgarian Deposit Insurance Fund (BDIF) notifying that they are breaching Article 1(3)(i) and Article 10 of Directive 94/19/EC (the Deposit Guarantee Schemes Directive - DGSD). The EBA also informs the two national authorities of the actions that they need to follow in order to comply with their obligations under EU legislation.

    20/10/2014 - Press releases

  • EBA and ECB step up cooperation to make retail payments safer

    SecuRe Pay forum to provide input for the development of EBA regulatory and supervisory requirements, as well as European Central Bank oversight standards for retail payments. EBA meanwhile publishes consultation paper on the security of internet payments, also based on the SecuRe Pay recommendations.

    20/10/2014 - Press releases

  • EBA discloses probe into EU bankers allowances

    The European Banking Authority (EBA) published today the findings of its investigation regarding discretionary remuneration practices across the EU banking sector. The report shows that some institutions have classified the so-called ‘role-based’ allowances in a way that increases the fixed component of remuneration, which may impact on the limitation of the bonus cap. As a result of this analysis, the EBA issued an Opinion to the European Commission and EU competent authorities calling for supervisors to ensure that institutions’ remuneration practices on allowances comply with EU legislation.

    15/10/2014 - Press releases

  • EBA releases work plans for 2015

    The European Banking Authority (EBA) published today its work programme for 2015, describing its main objectives and deliverables in the forthcoming year. In 2015, the EBA will progress with its activities aimed at building a single regulatory and supervisory framework for the entire banking sector in the 28 EU Member States, while ensuring that risk assessment in the EU banking sector remains a key priority. The Authority will also carry on with its work for consumers in the banking sector, enhancing their protection from detriment and their fair and equal treatment across the entire EU.

    13/10/2014 - Press releases

  • EBA announces 2014 EU-wide stress test publication date

    The European Banking Authority (EBA) will publish the 2014 EU-wide stress test results on Sunday 26 October 2014. The stress test, which assesses the resilience of EU banks to a hypothetical adverse macroeconomic scenario, uses a common methodology developed by the EBA, and applies it consistently across all participating banks. With up to 12,000 data points per bank disclosed, it will provide an unmatched level of transparency into the EU banking sector. Simultaneously, the ECB will be publishing the results of its Comprehensive Assessment (CA).

    10/10/2014 - Press releases

  • EBA publishes indicators from global systemically important institutions (G-SIIs)

    The European Banking Authority (EBA) published today indicators from global systemically important institutions (G-SIIs) as provided for in the Implementing Technical Standards (ITS) and Guidelines on disclosure rules applicable to large institutions.

    29/09/2014 - Press releases

  • EBA investigates possible breach of EU law in Bulgaria

    Following a stage of preliminary enquiries, the Chairman of the European Banking Authority (EBA) has opened an investigation into an alleged breach of Union law by competent authorities in the Republic of Bulgaria.

    25/09/2014 - Press releases

  • EBA publishes Guidelines on recovery and resolution

    The European Banking Authority (EBA) published today its final Guidelines specifying the type of tests, review or exercises that may lead to extraordinary public support measures for institutions in the banking sector. These Guidelines aim at promoting a consistent and coherent approach to bank resolution across the European Union and will be part of the EU Single Rulebook in the banking sector.

    22/09/2014 - Press releases

  • EU Supervisory Authorities update on risks in EU financial system

    The Joint Committee of the European Supervisory Authorities (ESAs) published today its bi-annual report on risks and vulnerabilities in the European Union's (EU) financial system. The report identifies a number of risks to financial stability in the EU, including prolonged weak economic growth in an environment characterised by high indebtedness, intensified search for yield in a protracted low interest rate environment, and uncertainties in global emerging market economies. The report also highlights risks related to conduct of business and Information Technologies (IT).

    22/09/2014 - Press releases

  • EBA publishes results of the Basel III monitoring exercise as of 31 December 2013

    The European Banking Authority (EBA) published today its sixth 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, liquidity (liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)) and leverage ratios for banks in the European Union (EU).

    11/09/2014 - Press releases

  • EBA publishes final templates for the 2014 EU-wide stress test

    The European Banking Authority (EBA) published today the final templates for the 2014 EU-wide stress test. These are common templates for all EU banks and illustrate the type and the format of data that will be disclosed on a bank by bank basis. The EBA will act as the central data hub for all EU banks providing a comprehensive dataset in an editable and user-friendly format. By disclosing data in a consistent and comparable way across the Single Market, the EBA will bring greater transparency to EU banks, contributing to enhanced market discipline of the entire EU banking sector.

    20/08/2014 - Press releases

  • EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 31 December 2014

    The European Banking Authority (EBA) published today a new XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will have as reference date 31 December 2014 onwards and will be used for the first reports on asset encumbrance and funding plans. The new taxonomy presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) which are contained in the ITS on supervisory reporting and in the EBA Guidelines on definitions and templates on funding plans.

    18/08/2014 - Press releases

  • EBA publishes final technical standards on the treatment of equity exposures under the IRB approach

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the treatment of equity exposures under the internal ratings-based (IRB) approach. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union.

    05/08/2014 - Press releases

  • The Joint Committee of the ESAs reminds financial institutions of their responsibilities when placing their own financial products with consumers

    The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published a reminder to banks and insurance companies across the EU on the consumer protection requirements that apply to certain financial instruments they issue. In addition, ESMA highlighted specific risks posed to investors by contingent convertible instruments (CoCos).

    31/07/2014 - Press releases

  • EBA issues amended technical standards on supervisory reporting for institutions

    The European Banking Authority (EBA) published today its Final draft Implementing Technical Standards (ITS) amending the Commission’s Implementing Regulation (EU) No 680/2014 on supervisory reporting under Regulation (EU) No 575/2013 of the European Parliament and of the Council. These final draft ITS include minor changes to templates and instructions which the EBA deemed necessary to publish in order to reflect some of the answers published in its Single Rulebook Q&As, as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of December 2014.

    30/07/2014 - Press releases

  • EBA issues revised version of some of its technical standards

    The European Banking Authority (EBA) published today the updated versions of three final drafts Implementing Technical Standards (ITS) on Asset Encumbrance, Non-Performing Exposures and Forbearance, and Additional Monitoring Metrics for Liquidity. The three versions published today substitute those previously issued on the same topics.

    25/07/2014 - Press releases

  • EBA consults on criteria to assess other systemically important institutions (O-SIIs)

    The European Banking Authority (EBA) launched today a consultation on draft Guidelines setting forth criteria to identify institutions that are systemically important either at Member State or Union level, the so called ‘other systemically important institutions’ (O-SIIs). The Guidelines aim at achieving an appropriate degree of convergence in the identification process as well as at ensuring a comparable, clear and transparent assessment of O-SIIs. The consultation runs until 18 October 2014.

    18/07/2014 - Press releases

  • EBA publishes final draft technical standards and guidelines on recovery plans

    The European Banking Authority (EBA) published today two final draft Regulatory Technical Standards (RTS) specifying (i) the information to be included in a recovery plan, and (ii) the criteria which competent authorities should apply when assessing the recovery plan of an institution or a group. The final draft RTS are complemented by Guidelines providing the range of scenarios to be used when testing recovery plans. These standards and Guidelines aim to facilitate bank recovery on a cross-border basis and enhance financial stability by ensuring consistent high regulatory standards in this area and a level playing field across the EU. They will provide the common framework and language which are indispensable for effective joint assessment of recovery plans for cross-border groups and will form part of the European Single Rulebook in banking.

    18/07/2014 - Press releases

  • EBA publishes revised guidelines on high earners data collection and remuneration benchmarking

    The European banking Authority (EBA) published today revised Guidelines on (i) the data collection exercise regarding high earners and (ii) on the remuneration benchmarking exercise. The update ensures that the data collection is in line with the amended provisions laid down in the Capital Requirements Directive (CRD IV), which provides for higher quality of the collected data and will increase transparency of remuneration paid to high earners. The updated Guidelines repeal those published on 27 July 2012.

    16/07/2014 - Press releases

  • EBA consults on resolution planning and on measures to address impediments to resolvability

    The EBA launched today two consultations on draft Regulatory Technical Standards (RTS) on resolution planning and on draft Guidelines on measures to reduce or remove impediments to resolvability. These RTS and Guidelines are part of the EBA’s work to promote a consistent and coherent approach to bank resolution across the European Union. Both consultations run until 9 October 2014.

    09/07/2014 - Press releases

  • EBA advises the European Commission on the macroprudential rules laid down in the CRR/CRD

    The EBA publishes today an Opinion on the macroprudential tools laid down in the Capital Requirement Regulation (CRR) and Directive (CRDIV). The Opinion assesses whether the current rules are effective, efficient and transparent as well as the possible degrees of overlap across different macroprudential tools and the consistency of the EU framework with global standards. The Opinion also includes policy recommendations that the EU Commission should consider in its review of the macroprudential toolkit.

    08/07/2014 - Press releases

  • EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014

    The European Banking Authority (EBA) published today an XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. It presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) contained in the ITS on supervisory reporting, including the amendments relating to asset encumbrance, forbearance and non-performing exposures. The taxonomy proposed by the EBA will lead to greater efficiency in and convergence of supervisory practices across Members States. The reference date is as of 30 September 2014 onwards and it includes the first reports under FINREP.

    08/07/2014 - Press releases

  • EBA publishes final guidelines on significant credit risk transfer for securitisation transactions

    The European Banking Authority (EBA) published today a final set of Guidelines that will support both originator institutions and competent authorities in the assessment of significant risk transfer (SRT) for securitisation transactions. These Guidelines will be part of the EU Single Rulebook in the banking sector and will ensure harmonised assessment and treatment of significant risk transfer across all EU Member States.

    07/07/2014 - Press releases

  • EBA consults on a framework for common supervisory procedures and methodologies

    The European Banking Authority (EBA) launched today a consultation on its draft Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP). These guidelines will be applied in the supervision of all institutions across the Union and represent a major step forward in forging a consistent supervisory culture across the single market. The guidelines provide a common framework for the work of supervisors in their assessment of risks to banks’ business models’, their solvency and liquidity. These guidelines will be a key component of the EU Single Rulebook aimed at improving the functioning of the internal market, including a sound, effective and consistent level of regulation and supervision in the banking sector. The consultation runs until 7 October 2014.

    07/07/2014 - Press releases

  • EBA publishes final draft technical standards on conditions for assessing materiality of extensions and changes of internal approaches for market risk

    The European Banking Authority (EBA) published today its final Regulatory Technical Standards (RTS) specifying the conditions for assessing the materiality of extensions and changes of the Internal Models Approach (IMA) for market risk. These RTS complement and amend the standards on the rules for credit and operational risk which were adopted and published in the EU Official Journal on 20 May 2014.

    04/07/2014 - Press releases

  • EBA publishes final draft technical standards on the margin periods of risk for the treatment of clearing members exposures to clients

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the minimum margin periods of risk (MPOR) that institutions acting as clearing members may use for the calculation of their capital requirements for exposures to clients. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union.

    04/07/2014 - Press releases

  • EBA proposes potential regulatory regime for virtual currencies, but also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place

    The European Banking Authority (EBA) published today an Opinion addressed to the EU Council, European Commission and European Parliament setting out the requirements that would be needed to regulate ‘virtual currencies’. The Opinion is also addressed to national supervisory authorities and advises to discourage financial institutions from buying, holding or selling virtual currencies while no regulatory regime is in place.

    04/07/2014 - Press releases

  • EBA advises on the prudential filter for gains and losses from own credit risk related to derivatives

    The European Banking Authority (EBA) published today its technical advice to the European Commission on the use of a prudential filter for gains and losses arising from banks’ own credit risk of derivatives. The Authority considers as appropriate not to deviate from the current prudential approach applied at the international level under the Basel III rules, i.e. full deduction of institutions’ own credit risk of derivatives. The work of the EBA will inform the work of the EU Commission on the topic.

    02/07/2014 - Press releases

  • EBA publishes lists for the calculation of capital requirements for credit risk

    The European Banking Authority (EBA) published today a series of lists in the field of credit risk, in accordance with the EU Capital Requirements Regulation (CRR). These lists will assist EU institutions in the determination of their capital requirements for credit risk.

    02/07/2014 - Press releases

  • EBA supports capital treatment of covered bonds, but calls for additional eligibility criteria

    The European Banking Authority (EBA) published today an opinion on the preferential capital treatment of covered bonds and a detailed report on the European covered bonds frameworks. While expressing support for the current approach laid down in the Capital Requirements Regulation (CRR), the EBA recommends additional criteria to qualify for preferential treatment. The opinion also calls for further clarifications on current disclosure requirements and provides advice on the preferential treatment of some specific cover assets. Finally, based on the analysis presented in the report, the EBA has identified a series of best practices ensuring a robust and consistent regulatory framework for covered bonds.

    01/07/2014 - Press releases

  • EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions

    The European Banking Authority (EBA) published today its final Guidelines on harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising reporting of funding plans across the EU.

    30/06/2014 - Press releases

  • EBA publishes guidelines on disclosure of encumbered and unencumbered assets

    The European Banking Authority (EBA) published today its final Guidelines on disclosure of encumbered and unencumbered assets. They are the first step towards a harmonised disclosure framework of asset encumbrance in the EU and have been drafted in accordance with Recommendation D of the European Systemic Risk Board (ESRB).

    27/06/2014 - Press releases

  • EBA publishes report on risks and vulnerabilities of the EU banking sector

    The European Banking Authority (EBA) published today its fifth semi-annual report on risks and vulnerabilities of the EU banking sector. The report shows improvements in market sentiment and confidence which has allowed banks to increase their capital levels ahead of the 2014 EU-wide stress test and to continue the repair of their balance sheets. However, the report cautions about ongoing uncertainties on asset valuations and future profitability in an environment where the signs of recovery remain modest and fragile. The report also draws attention to looming redress costs related to conduct issues as well as to geo-political concerns in emerging markets, which could lead to risk aversion and to an impact on capital flows.

    25/06/2014 - Press releases

  • EBA analyses impact of pension plans in capital

    The European Banking Authority (EBA) published today a report analysing the impact that the revised IAS 19 Employee Benefits in conjunction with the deduction of net pension assets under the Capital Requirements Regulation (CRR) and changes in net pension liabilities may have on the volatility of institutions' own funds. The report concluded that in most cases there may be limited volatility of own funds due to changes in the accounting and prudential requirements that derive from the revised IAS 19 Employee Benefits and the CRR.

    24/06/2014 - Press releases

  • EBA publishes final draft technical standards on the minimum monetary amount of the professional indemnity insurance

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the minimum monetary amount of the professional indemnity insurance or comparable guarantee for mortgage credit intermediaries (RTS on PII).

    24/06/2014 - Press releases

  • ESMA and EBA publish harmonised guidelines for handling consumer complaints across the EU

    The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) published today their Joint Committee final Report on guidelines for handling consumer complaints in the securities and banking sectors. The document aims to increase market confidence and for the benefit of consumers and firms alike it will ensure a harmonised approach to handling complaints for all 28 EU Member States and across all financial services sectors.

    13/06/2014 - Press releases

  • EBA publishes report on benchmarking of remuneration practices in the EU

    The European Banking Authority (EBA) published today a report providing a detailed analysis on remuneration practices across a sample of EU banks. The report, based on data collected on a consolidated basis from 2010 to 2012, sets benchmarks for different aspects of remuneration policies, and provides additional insight into the previously published data on “high earners” (staff earning EUR one million or more per year). Overall, the report shows an increasing trend in the remuneration paid to “risk takers”, as well as a material shift from variable to fixed remuneration.

    13/06/2014 - Press releases

  • EBA publishes report on comparability of risk weighted assets for residential mortgages

    The European Banking Authority (EBA) published today a second report on the consistency of risk weighted assets (RWAs) in the residential mortgage portfolio. The report, which is part of a wider ongoing EBA work on comparability of RWAs, illustrates the findings of a so called “drill-down analysis”, an investigation on the extent to which the most commonly used risk drivers influence the variability in risk weights. Overall, the analysis confirmed that risk parameters, such as loan to value, are drivers of RWAs. However, there are differences in how the banks reflect such drivers in RWAs.

    11/06/2014 - Press releases

  • EBA launches interactive Single Rulebook

    The European Banking Authority (EBA) launched today the interactive Single Rulebook, an on-line tool designed to facilitate navigation through the single set of harmonised prudential rules in the EU banking sector. The Single Rulebook aims at ensuring consistent application of the regulatory banking framework across the EU.

    06/06/2014 - Press releases

  • EBA publishes final draft technical standards and guidelines on methodology and disclosure for global systemically important institutions

    The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) on the methodology for identifying Global Systemically Important Institutions (G-SIIs), final draft Implementing Technical Standards (ITS) on special disclosure rules applicable to G-SIIs, and final guidelines on special disclosure rules for large institutions. The identification of G-SIIs in the EU is aligned with the framework established by the Financial Stability Board (FSB) and developed by the Basel Committee on Banking Supervision (BCBS). These standards and guidelines will be part of the EU Single Rulebook in banking and aim at enhancing regulatory harmonisation and disclosure across the EU.

    05/06/2014 - Press releases

  • EBA publishes final draft technical standards on disclosure for the leverage ratio

    The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on disclosure for the leverage ratio. These standards will be part of the EU Single Rulebook in the banking sector and aim at harmonising disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions.

    05/06/2014 - Press releases

  • ECB and EBA update the classification system for their reporting frameworks

    The European Central Bank (ECB) and the European Banking Authority (EBA) published today a third version of the classification system that links their respective reporting frameworks. This common system, which will support EU banks in their reporting exercise to both the EBA and the ECB, supersedes the second version published in March 2012 and aims at providing a better understanding of the links between the two different reporting frameworks of the ECB and the EBA, while creating synergies between datasets that were originally designed for different purposes.

    28/05/2014 - Press releases

  • EBA launches data collection exercise on CVA

    The European Banking Authority (EBA) launches today a data collection exercise to advise the European Commission on appropriate amendments to the European Credit Valuation Adjustment (CVA) framework and inform discussions on the CVA risk charge in Basel. Banks with substantial portfolios of OTC derivatives are encouraged to participate in this data collection exercise on a voluntary basis.

    30/04/2014 - Press releases

  • EBA publishes common methodology and scenario for 2014 EU-banks stress test

    The European Banking Authority (EBA) released today its methodology and macroeconomic scenarios for the 2014 EU-wide stress test. While the extensive process of banks’ balance sheet repair is already underway, the test, designed to assess banks’ resilience to hypothetical external shocks, will identify remaining vulnerabilities in the EU banking sector and will provide a high level of transparency into EU banks’ exposures.

    29/04/2014 - Press releases

  • European Supervisory Authorities highlight cross-sectoral risks

    The Joint Committee of the European Supervisory Authorities (ESAs) published today its third bi-annual report on risks and vulnerabilities in the European Union's (EU) financial system.

    02/04/2014 - Press releases

  • EBA publishes final draft technical standards on prudent valuation

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) laying out the requirements related to prudent valuation adjustments of fair valued positions. The objective of these draft RTS is to determine prudent values that can achieve an appropriate degree of certainty while taking into account the dynamic nature of trading book positions. These standards will be part of the EU Single Rulebook in banking aimed at enhancing regulatory harmonisation.

    31/03/2014 - Press releases

  • EBA publishes final draft Technical Standards on liquidity requirements

    The European Banking Authority (EBA) published today its final draft Implementing and Regulatory Technical Standards (ITS and RTS) related to liquidity requirements. The package includes: (i) final draft ITS on currencies for which the justified demand for liquid assets exceeds their availability; (ii) final draft RTS on derogations for eligible currencies; and (iii) final draft ITS listing the currencies with an extremely narrow definition of central bank eligibility. These final draft Technical Standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU) and namely at strengthening its resilience against liquidity risk.

    28/03/2014 - Press releases

  • EBA publishes final draft Technical Standards on additional collateral outflows

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on additional collateral outflows. These final draft RTS aim at strengthening resilience against liquidity risk in the EU banking sector and will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation across the sector.

    28/03/2014 - Press releases

  • EBA publishes final draft technical standards on own funds (Part IV)

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds (Part IV) aimed at setting harmonised criteria for instruments with multiple distributions that would create a disproportionate drag on capital, as well as clarifying the meaning of preferential distributions. These RTS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation in the European Union (EU) and at strengthening the quality of capital.

    27/03/2014 - Press releases

  • EBA publishes Guidelines on the applicable notional discount rate for variable remuneration

    The European Banking Authority (EBA) published today its final Guidelines for the calculation of the discount rate for variable remuneration and clarifying how it should be applied. These Guidelines will support EU Member States in the calculation of the ratio between the variable and fixed component of total remuneration and refer to services or performances provided from 2014 onwards.

    27/03/2014 - Press releases

  • EBA publishes results of the Basel III monitoring exercise as of 30 June 2013

    The European Banking Authority (EBA) publishes today its fifth 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, allowed to gather aggregate results on capital, Risk Weighted Assets (RWAs), liquidity and leverage ratios for banks in the European Union (EU).

    06/03/2014 - Press releases

  • EBA publishes consumer trends report

    The European Banking Authority (EBA) published today its annual report on consumer trends, giving an overview of the analysis carried out in the area of consumer protection and financial innovation. The report identifies the consumer issues that may arise, or have arisen, from these trends, and describes the approaches the EBA will be taking in 2014 to address them.

    28/02/2014 - Press releases

  • ESMA-EBA: Euribor makes significant progress with reforms

    The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have today published the results of their joint review of the Euribor-EBF. The review found that Euribor-EBF has made significant progress in implementing the ESMA-EBA Recommendations addressing weaknesses and shortcomings in its governance and technical framework. This progress provides the basis for improved transparency of the benchmark-setting process, enhanced governance of the benchmark, and improved quality of the resulting index.

    20/02/2014 - Press releases

  • The EBA publishes final draft technical standards on classes of instruments used for variable remuneration

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on classes of instruments that can be used for the purposes of variable remuneration. These RTS are part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union.

    19/02/2014 - Press releases

  • EBA, ESMA and EIOPA publish final Report on mechanistic references to credit ratings in the ESAs' guidelines and recommendations

    The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) published today its final Report on mechanistic references to credit ratings in the ESAs’ guidelines and recommendations and on the definition of “sole and mechanistic reliance” on such ratings.

    06/02/2014 - Press releases

  • EBA announces key features of the 2014 EU-wide Stress Test

    The European Banking Authority (EBA) announced today the key components of the forthcoming 2014 EU-wide stress test that will be conducted on a wide sample of EU banks. The objective of the EU-wide stress tests is to help supervisors assess the resilience of financial institutions in the European Union to adverse market developments. This exercise aims at ensuring consistency and comparability of the outcomes across all banks based on a common methodology, scenarios and accompanied by a consistent disclosure exercise.

    31/01/2014 - Press releases

  • EBA issues Recommendation on the use of the Legal Entity Identifier (LEI) for supervisory purposes

    The European Banking Authority (EBA) published today a Recommendation on the use of unique identification codes for supervisory purposes for every credit and financial institution in the European Union. This Recommendation is a major step forward in harmonizing the identification of legal entities, in line with proposals by the Financial Stability Board (FSB) endorsed by the G20, to ensure consistent and comparable data.

    29/01/2014 - Press releases

  • EBA publishes final draft technical standards on own funds requirements for investment firms

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds requirements for investment firms based on fixed overheads. These RTS harmonise the calculation of capital requirements for those investment firms that have limited authorisation to provide investment services, as well as the conditions under which competent authorities can make adjustments to such requirements. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe.

    29/01/2014 - Press releases