Colleges of supervisors

Enhanced cooperation between supervisory authorities both at EU and global level is key to strengthening the supervision of cross-border banking groups. Colleges of supervisors are the vehicles for the coordination of supervisory activities. Under EU law, colleges of supervisors have to be established for EEA banks with subsidiaries or significant branches in other EEA countries. They may include supervisors in non-EEA countries, where relevant. The colleges allow supervisory authorities to join forces, share knowledge and use skills and resources more effectively and efficiently, regardless of their individual jurisdiction. This requires determination and significant efforts to prompt coordinated approaches among competent authorities. To assist in developing a consistent and effective college framework, the EBA's predecessor, CEBS, published guidelines (i) on the operational functioning of colleges and (ii) on the joint assessment of banks' risks, and joint decisions on the adequacy of cross-border banks' capital within a college setting. With the implementation of the Capital Requirements Regulation and the revised Capital Requirements Directive, these guidelines will be replaced by the directly applicable technical standards covering the functioning of colleges and joint decisions on institution-specific prudential requirements.

Technical Standards, Guidelines & Recommendations

  • Implementing technical standards on joint decisions on prudential requirements

    The draft ITS set out in detail aspects of the supervisory cooperation in the joint decision process for an initial application, and for the approval of material extensions or changes to internal models.

    Status: Adopted and published in the Official Journal

  • Regulatory and implementing technical standards on the functioning of colleges of supervisors

    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.

    Status: Adopted and published in the Official Journal

  • Implementing Technical Standards on joint decisions on institution-specific prudential requirements

    The objective of these Implementing Technical Standards (ITS) on joint decisions on institution-specific prudential requirements is to facilitate the reaching of effective joint decisions between the consolidating supervisor and the competent authorities responsible for the supervision of subsidiaries in a Member State. In particular, these ITS set up common procedures and templates that will facilitate the interaction and cooperation between the consolidating supervisor and the relevant competent authorities when providing their contribution to the group risk assessment and joint decision documents.

    Status: Adopted and published in the Official Journal

  • Guidelines for the joint assessment and joint decision regarding the capital adequacy of cross-border groups

    The Capital Requirements Directive (CRD) requires that the consolidating supervisor and supervisors of subsidiaries involved in the supervision of an EEA cross-border banking group do everything within their power to reach a joint decision on the application of the Pillar 2 provisions related to the Internal Capital Adequacy Assessment Process (ICAAP) and to the Supervisory Review and Evaluation Process (SREP). These Guidelines provide concrete guidance on how to cooperate in the risk assessment process and on how to apply the CRD provisions regarding ICAAP, SREP and the prudential measures subject to the joint decision process. Their ultimate aim is to ensure closer convergence of supervisory practices with regard to the joint decision process, while providing some necessary flexibility for individual colleges.

    Status: Repealed

Opinions, Reports and other Publications

 

Opinions

 

Other Publications

Reports