EBA Enhances Online Platform for Resolution of Cross-Border Banks
EBA updated the version of its online collaboration platform enabling the joint work and information-sharing between authorities involved in the supervision and resolution of cross-border banking groups. The update enhances functionality of the platform based on the feedback received from the authorities and introduces a number of technical upgrades to increase the security of supervisory and resolution information.
The main objective of EBA college platform is to facilitate a secure and user-friendly collaboration and continuous exchange of information between all the relevant authorities within the framework of supervisory, resolution, and anti-money laundering and countering terrorist financing (AML/CTF) colleges. EBA has been already supporting the colleges’ activity with the platform for a number of years. While the use of EBA college platform is not mandatory for the authorities, EBA is inviting the colleges that are still relying on secured e-mails for exchanging confidential information to use the EBA college platform.
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Keywords: Europe, EU, Banking, Supervisory Colleges, Collaboration Platform, Cross-Border Banking, Resolution Framework, EBA
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