Featured Product

    EBA Publishes Detailed Work Program for 2019

    October 23, 2018

    EBA published its detailed work program for 2019. The work program describes the specific activities and tasks of EBA for the coming year and highlights the key strategic areas of work from 2019 to 2021.

    The policy work, in 2019, will be focused on further efforts in implementing the proportionality principle, strengthening supervisory convergence and integrity of the Single Rulebook, enhancing consumer protection, and preparing for the withdrawal of the UK from EU. The following will be the strategic areas of focus:

    • Leading the Basel III implementation in EU
    • Understanding risks and opportunities arising from financial innovation
    • Collecting, disseminating, and analyzing banking data
    • Ensuring a smooth relocation of EBA to Paris
    • Fostering the increase of the loss-absorbing capacity of the EU banking system

    With regard to leading the Basel III implementation, the development of the Single Rulebook and its effective and consistent application will remain the core business of EBA during 2019. EBA is still likely to have a significant amount of regulatory mandates in the coming three years, following the endorsement of the CRDV-CRR2-BRRD2 package and the preparation of the implementation of the Basel III framework. Additionally, to improve the loss-absorbing capacity of the EU banking system, EBA will ensure that minimum requirement for own funds and eligible liabilities (MREL) decisions taken by resolution authorities are supported by credible and consistent resolution-planning work and by clarity on the expected composition and quality of MREL, in terms of both subordination and, if applicable, other eligibility criteria and potential exclusions.

     

    Related Links

    Keywords: Europe, EU, Banking, Work Program, Proportionality, Single Rulebook, Supervisory Convergence, Brexit, CRDV-CRR2-BRRD2 Package, Basel III, EBA

    Featured Experts
    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958