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.
Related Links
Keywords: Europe, EU, Banking, Supervisory Colleges, Collaboration Platform, Cross-Border Banking, Resolution Framework, EBA
Previous Article
CSSF Sets Countercyclical Capital Buffer Rate for BanksNext Article
EBA Single Rulebook Q&A: First Update for May 2020Related Articles
EBA Proposes Standards for IRRBB Reporting Under Basel Framework
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
FED Issues Further Details on Pilot Climate Scenario Analysis Exercise
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.