Events listed in [EBA] European Banking Authority
EBA GL 2021 13 – GLs on sound remuneration policies for investment firms
ID 24377
EBA has published an updated version of the compliance table for its „GLs on sound remuneration policies for investment firms“. To recall, these Guidelines (EBA/GL/2021/13) were published in November 2021 to take effect five months later. The alignment of the frameworks for credit institutions and investment firms ensures a level playing field and cross-sectoral consistency, while the application of the principle of proportionality is ...
The EBA consults on Guidelines on the application of the group capital test for ...
ID 24376
EBA has released draft Guidelines concerning the application of the group capital test for investment firm groups. These Guidelines aim to establish consistent criteria for assessing the use of the group capital test across the EU. The group capital test is an alternative to the prudential consolidation process for investment firm groups, as outlined in IFR, it allows investment firm groups to **calculate own ...
The EBA publishes Report on interdependent assets and liabilities in the net stable ...
ID 24353
EBA has released a report on the treatment of interdependent assets and liabilities in the NSFR. Interdependent assets and liabilities are transactions where no funding risk exists for the institution, making them exempt from stable funding requirements in the NSFR calculation. The report evaluates the conditions under which assets and liabilities can be considered interdependent in the NSFR and provides recommendations. The EBA analyzed ...
The EBA updates on the monitoring of Additional Tier 1, Tier 2 and TLAC/MREL ...
ID 24337
EBA published an updated report focusing on the monitoring of AT1, Tier 2, and TLAC and MREL instruments within EU institutions. This comprehensive report amalgamates information from previously separate reports while introducing new recommendations pertaining to specific contractual clauses. The EBA highlights a discernible trend towards convergence and standardization in the drafting of terms and conditions for these instruments. This standardization is attributed to ...
The EBA consults on draft templates and template guidance to prepare its one-off ...
ID 24301
EBA has initiated a public consultation on draft templates aimed at collecting climate-related data from EU banks. This endeavor is part of the Fit-for-55 climate risk scenario analysis, conducted in collaboration with other ESAs, the ECB, and the ESRB. The draft templates include guidelines for compiling data and definitions. The consultation period will extend until 11 October 2023. The templates are designed to gather ...
The EBA publishes final guidance on the overall recovery capacity in recovery ...
ID 24275
EBA released its final Guidelines on ORC in recovery planning. These Guidelines establish a consistent framework for financial institutions to determine their ORC within their recovery plans and for competent authorities to assess it. The ORC reflects an institution’s ability to restore its financial position after a significant deterioration by implementing suitable recovery options. The Guidelines consist of two sections: – Section *directed at ...
The EBA is collecting institution’s data on environmental, social and governance ...
ID 24261
EBA announced that it will collect ESG data from large, listed institutions based on their pillar 3 quantitative disclosures on ESG risks. The purpose of this data collection is to enable competent authorities to monitor ESG risks and assist the EBA in fulfilling its ESG mandates, which include setting up a risk monitoring framework and supporting the **[EC’s Strategy for financing the transition to ...
EBA releases the technical package for phase 2 of its 3.3 reporting framework
ID 24251
EBA has published the technical package for phase 2 of the reporting framework 3.3, which provides „standard specifications and includes the validation rules, the DPM and the XBRL taxonomies for version 3.3“. Phase 2 of version 3.3 is designed to support the supervisory benchmarking exercise in 2024, using end-2023 data. The package encompasses new market risk and IFRS9 templates, as well as other modifications ...
EBA publishes fourth Opinion on money laundering and terrorist financing risks ...
ID 24204
EBA published its fourth biennial Opinion on the risks of ML/TF affecting the EU’s financial sector. The Opinion identifies new and emerging risks in the financial landscape, which have been influenced by geopolitical events, legislative developments, and technological advancements. Key points from the EBA’s report are as follows: – Changed Risk Landscape: The risk landscape has been impacted by events such as Russia’s invasion ...
EBA encourages timely preparatory steps towards the application of MiCAR to ...
ID 24201
EBA issued a statement addressing financial institutions and other entities engaged in ART or EMT activities before 30 June 2024, the application date for the relevant provisions of the MiCAR. The statement aims to encourage preparatory actions towards MiCAR application, reduce risks of disruptive business adjustments, promote supervisory convergence, and protect consumers. The guiding principles in the statement include: – Disclosures and Fair Treatment: ...