Press releases

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 internal approaches for credit and operational risk. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in Europe.

The European Banking Authority (EBA) publishes today its final draft Regulatory Technical Standards (RTS) which define the conditions and methodologies used to determine the overall exposure to a client or group of connected clients resulting from an exposure to a transaction with underlying assets and the risks inherent in the structure of the transaction itself. The standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

The EBA published today a report featuring data on the remuneration of EU bank staff who received one million Euro or more in total in 2010 and 2011. The report focuses on the gathering of numerical data and provides a first analysis of remuneration structures across the EU. Overall, results show that the number of high earners is limited in most member states, but quite significant in others.

The EBA published today a report on the remuneration of EU bank staff who received one million Euro or more in total in 2012. Figures show that the number of high earners was limited in most Member States and quite significant in some others. The report is part of the EBA’s work on bank staff remuneration policies aimed at ensuring prudent and sustainable risk taking in the EU banking sector.

The Joint Committee of the three European Supervisory Authorities published today eight principles applicable to the oversight and governance processes of financial products. These principles cover in particular the responsibilities of manufacturers and producers in setting up processes, functions and strategies for designing and marketing financial products, as well as at reviewing the products’ life cycle.

The European Banking Authority (EBA) launched today a consultation on 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 Europe and namely at strengthening the quality of capital. The consultation runs until 24 January 2014.

On 17 January 2014, the European Banking Authority (EBA) will host a full-day legal workshop, which will bring together policymakers, supervisors, and legal academics to discuss the latest developments in the EU’s regulatory and institutional landscape.

On 28 November 2013 the European Banking Authority (EBA) will host a public workshop aimed at providing the preliminary findings of its 2013 report on the implementation of the disclosures requirements (Pillar 3) of the Capital Requirements Directive (CRD).

Andrea Enria, Chairperson of the EBA, gave a speech today in Brussels at the AFME and EBF Banking Union in Europe Conference: "The Single Market after the Banking Union".

EBA publishes its comments in response to the Report by Philippe Maystadt "Should IFRS standards be more European?".

<p>The European Banking Authority (EBA) published today the peer review on the implementation of the EBA guidelines on stress testing . The aim of the peer review was to assess and compare the effectiveness of the supervisory activities related to the review of credit institutions’ own stress testing frameworks across the EU, as well as the implementation of related provisions by competent authorities. The report shows that National Competent Authorities (NCAs) largely comply with the three assessed guidelines (18, 19 and 20).</p>

The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) is launching today a one-month public consultation on the removal of mechanistic references to credit ratings in their guidelines and on the definition of sole and mechanistic reliance on such ratings.

The EBA's Banking Stakeholder Group (BSG) enters its second term of work and holds its first meeting of the BSG in its new composition on 30 October 2013. Of the 30 newly appointed or reappointed members, 10 are delegates from credit and investment institutions, 3 of which represent savings or cooperative banks, 10 are representatives of consumers and users, 6 are academics, 2 represent small and medium-sized enterprises and 2 are employees' representatives.

The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have jointly launched a consultation on guidelines for complaints handling in the securities and markets sectors. The proposed Guidelines will build on the existing guidelines on complaints handling by insurance undertakings published by the European Insurance and Occupational Pensions Authority (EIOPA) in June 2012. The consultation runs until 7 February 2014.

The EBA's Banking Stakeholders Group (BSG) has re-elected Mr David Llewellyn as its Chairperson. The election took place during the first meeting of the newly appointed EBA's Banking Stakeholders Group (BSG) on 30 October 2013.