EBA Publishes Single Rulebook Q&A, Adjusts Q&A Process

EBA has adjusted the admissibility criteria, which will prioritize Q&As with issues that are relevant to a broad set of stakeholders; material from a prudential, payments, consumer protection, resolution or other perspectives within the EBA’s remit and where additional EBA guidance or clarification would add real value. This move comes under the backdrop of an existing backlog of older questions that were received through the Q&A tool prior to January 01, 2020 when the Q&A process was updated as part of the last review of the European Supervisory Authorities or ESAs. Q&As received before January 01, 2020, which EBA has not addressed so far, will be rejected, unless they are very close to being finalized. It is likely that a large majority of these questions may no longer be relevant since new legislative or regulatory developments have occurred—for example, with the revised Capital Requirements Directive/Regulation and the Bank Recovery and Resolution Directive. However, EBA recognizes that some of these questions may still benefit from clarification and will notify submitters affected by this rejection, indicating the possibility to resubmit the question. In that scenario, resubmitted questions would, however, have to be adapted to reflect any legislative, regulatory, or other relevant developments that may have occurred. EBA will aim to address such resubmissions as a matter of priority. In addition, EBA and the European Commission will make efforts to address, as soon as possible, any questions that have been submitted since January 2020 and remain unanswered.

Related Links

• Single Rulebook Q&A
• Press Release on Adjusted Q&A Process

Keywords: Europe, EU, Banking, Q&A, Single Rulebook, Reporting, Liquidity Risk, Credit Risk, CRR, Basel, SREP, Market Risk, Regulatory Capital, EBA