Events listed in [EBA] European Banking Authority
Guidelines on policies and controls for the effective management of ML/TF risks ...
ID 25139
EBA has translated the Guidelines on policies and controls for the effective management of ML/TF risks when providing access to financial services into the official EU languages and published them on the EBA website. To recall, the guidelines (EBA/GL/2023/04) provide guidance on effective management of ML/TF risks by financial institutions when providing access to financial services. These guidelines clarify the interaction between access to ...
The EBA second mandatory exercise on Basel III full implementation shows a ...
ID 25064
EBA published its second mandatory Basel III Monitoring Report, assessing the impact of the full implementation of Basel III on EU banks in the year 2028. The assessment used a sample of 157 banks for its analysis. According to the report, the impact of Basel III implementation on the minimum Tier 1 capital requirements has significantly decreased compared to the reference date of December ...
ID: 2023_6791 – Permission to reduce own funds or eligible liabilities and ...
ID 24966
EBA has published 3 new Q&As regarding issues relating to the CRR: — 2023_6776 – Transparency and Pillar 3 – ESG P3- Template 7 – Adapted activities and enabling activities in Climate Change Adaptation (CCA) This question pertains to the CRR on transparency and Pillar 3 reporting. It asks whether adapted activities and enabling activities related to CCA should be considered mutually exclusive when ...
EBA issues Opinion to the Ministry of Finance of Poland on measures in accordance ...
ID 24903
EBA has issued an Opinion in response to a notification from the Ministry of Finance of Poland regarding measures related to foreign currency housing loans. Poland intends to extend a measure introduced in March 2022 to limit risks associated with these loans by encouraging banks to settle with borrowers. EBA does not object to this extension, which will last for an additional 24 months, ...
EBA issues revised list of ITS validation rules
ID 24895
EBA has issued a revised list of validation rules in its ITS on supervisory reporting, thereby focusing on data fields that have been deactivated either for incorrectness or for triggering IT problems. Failure to comply with validation rules of type „error“ when submitting data to EBA will result in the file being rejected and thus the transmission not being processed. If reporting entities consider ...
5 Q&A´s on IFR and CRR
ID 24729
EBA has published 5 new Q&As regarding issues relating to the IFR and the CRR: — 2022_6384 – Supervisory Reporting (IFR) – IFR reporting QUESTION: What would be an example of how firms should read Article 20(1) IFR for reporting purposes in template I 06.07 and I 06.08 of annex I to Regulation (EU) 2021/2284? ANSWER: Article 20(1) of EU Regulation 2019/2033 requires firms ...
Supervisory cooperation in the fight against financial crime is improving, the EBA ...
ID 24611
EBA issued its third report evaluating the effectiveness of AML/CFT colleges. These colleges are designed as permanent structures to foster collaboration among supervisory bodies overseeing cross-border financial institutions. The report noted significant progress in improving the functioning of AML/CFT colleges, but it also highlighted several areas where further enhancements are required. One key finding was that despite strides made, a substantial number of AML/CFT ...
The EBA’s recent mystery shopping exercise shows the value this tool adds to ...
ID 24587
EBA released a report detailing the outcomes of a mystery shopping exercise that focused on personal loans and payment accounts. The primary objective of this exercise was to augment the existing supervisory practices employed by NCAs with unique insights gained from mystery shopping. The aim was to address gaps and deficiencies in the oversight process that conventional methods might overlook. The report emphasized several ...
The EBA is collecting bank data on interest rate risk in the banking book
ID 24581
EBA announced its decision to conduct an ad-hoc data collection exercise related to IRRBB. The collected data will be obtained from institutions already participating in the QIS and will use templates outlined in the final draft of ITS for IRRBB reporting. This data collection, with a reference date of the end of 31 December 2023, aims to provide relevant regulatory authorities with timely information ...
EBA updates timeline for the implementation of the IRB roadmap and publishes its ...
ID 24580
EBA announced significant developments concerning the implementation of IRB model requirements, aimed at reducing compliance costs for financial institutions. The EBA introduced modifications to the IRB model roadmap to address portfolios no longer eligible for the AIRB approach under the final Basel III framework, which primarily applies to large corporations, institutions, and financial sector entities. In light of the forthcoming implementation of Basel III ...