Featured Product

    EBA Publishes Report on Convergence of Supervisory Practices Across EU

    March 14, 2019

    EBA published annual report on the convergence of supervisory practices in EU. The report summarizes EBA observations on the current state of convergence of supervisory practices and highlights the activities that EBA carried out in 2018 to promote this convergence, in accordance with the mandates set out in its Founding Regulation and in the Capital Requirements Directive (CRD). The report also covers the EBA assessment of convergence in the supervisory review and evaluation process (SREP) as well as the supervisory convergence in the continuum between ongoing supervision, recovery, and resolution.

    Overall, the report highlights good progress of competent authorities in the implementation of the 2014 SREP guidelines and in taking forward the recommendations and observations of EBA during the 2016 and 2017 bilateral convergence visits. The report further observes that the continuum between ongoing supervision and recovery and resolution is progressively benefiting from the implementation of internal procedures, which take into account the Single Rulebook and contribute to ensuring the convergence of supervisory practices. However, the report also points out a number of remaining challenges, including converging capital adequacy assessments and determining institution-specific additional own funds requirements. Further improvements are still needed on the key aspects, particularly to ensure that all the institutions, which do not benefit from a waiver, have developed a recovery plan.

    EBA aims to foster comparable supervisory approaches across the single market to ensure a level playing field, effective supervision of cross-border groups, and promote supervisory best practices. Moreover, development of the Single Rulebook dedicated to supervisory activities as well as the monitoring of its effective and consistent application will remain the core business of EBA in the coming years. EBA will also further expand its training program for authorities assisting in the implementation of the regulatory and policy products. 

     

    Related Links 

    Keywords: Europe, EU, Banking, Supervisory Practices, CRD, SREP, Single Rulebook, Capital Adequacy, BRRD, EBA

    Featured Experts
    Related Articles
    News

    EBA Single Rulebook Q&A: Second Update for September 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.

    September 13, 2019 WebPage Regulatory News
    News

    PRA Revises Branch Return and Updates Guidance for Regulatory Reports

    PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.

    September 12, 2019 WebPage Regulatory News
    News

    ECB Publishes Version 1.5 of AnaCredit Validation Checks

    ECB published Version 1.5 of the AnaCredit validation checks.

    September 12, 2019 WebPage Regulatory News
    News

    FINMA Outlines Treatment of Stablecoins in Supplement to Guide on ICO

    FINMA published a supplement to its initial coin offerings (ICOs) guidelines, outlining the treatment for stablecoins under the Swiss supervisory law.

    September 11, 2019 WebPage Regulatory News
    News

    FCA and BoE Issue Updates on Brexit Preparations for Financial Sector

    FCA and BoE published important information to help regulated firms in preparing for Brexit.

    September 11, 2019 WebPage Regulatory News
    News

    Ursula von der Leyen Presents Structure of Next European Commission

    President-elect Ursula von der Leyen has presented her team and the new structure of the next European Commission.

    September 10, 2019 WebPage Regulatory News
    News

    FED Proposes to Revise and Extend Reporting Form on Systemic Risk

    FED proposed to extend for three years, with revision, the Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352).

    September 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting

    EBA published the revised list of validation rules (version 2.9) in its implementing technical standards on supervisory reporting.

    September 10, 2019 WebPage Regulatory News
    News

    Bundesbank Publishes Supplementary Validation Rules for Reporting

    Bundesbank published the updated document containing supplementary validation rules in the context of the implementation of the reporting system at national level.

    September 10, 2019 WebPage Regulatory News
    News

    APRA Licenses Xinja Bank as Authorized Deposit-Taking Institution

    APRA granted Xinja Bank Limited a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.

    September 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3807