EBA欧洲银行-BSG-2012-29-Rev1-28Final-BSG-Minutes-of-Meetings-of-29-November-201229_9页_213kb

Banking Stakeholder Group Meeting Summary

Meeting Details

• Date: 29 November 2012
• Time: 09.30 to 16.30
• Location: EBA

Core Content

The meeting of the Banking Stakeholder Group (BSG) was chaired by the Vice-Chair due to the absence of the Chair. The agenda covered a range of topics including the introduction of a new member, updates on regulatory developments, and the formulation of opinions on various EBA consultations.

Main Agenda Items and Key Points

Agenda Item 1: Welcome and Approval of Agenda

• The BSG Chair was absent, leading to the chairing by the Vice-Chair.
• A new agenda item, "Chair of the BSG," was added to address related concerns.
• The minutes were approved after the Vice-Chair proposed a clarification on previous concerns regarding liquidity measures.

Agenda Item 2: Introduction of New BSG Member

• Chris De Noose was welcomed as the new BSG member, appointed by the EBA's Board of Supervisors (BoS) following the resignation of Oliver Schuetz.

Agenda Item 3: Update on Banking Union and Regulatory Developments

• The Vice-Chair highlighted recent events such as the EBA Day on Consumer Protection and a Research Workshop on banking models post-crisis.
• Key regulatory developments discussed included:
  • Banking Union (SSM) and its relation to the ESM.
  • Bank recovery and resolution.
  • The Liikanen Report.
  • FSB's recommendations on shadow banking.
• The EBA Chair emphasized the need for transparency and clarity in regulatory frameworks, particularly regarding the definition of own funds and transitional floors.
• Concerns were raised about potential conflicts of interest between the ECB and national supervisory authorities (NSAs) in the banking union context.

Agenda Item 4: Update on Regulatory Developments (continued)

• Liquidity Coverage Ratio (LCR):
  • EBA is working on liquidity reporting and may publish feedback statements and draft templates if no political agreement is reached on CRR by year-end.
  • A voluntary data collection on LCR was launched in 2011.
  • The Working Group on Liquidity received feedback on its position paper, with some NSAs expressing concerns about the tone and legal representation.
• Prudent Valuation:
  • EBA is developing a framework for prudent valuation based on fair value and a confidence level of 95%.
  • BSG members expressed concerns about the potential for double accounting and the need for clarity and consistency with BCBS principles.
  • EBA staff clarified that the proposal aligns with its mandate and Basel regulations.

Agenda Item 5: EBA Consultation on Own Funds

• The EBA issued a consultation on the recognition of cooperatives, mutuals, and savings institutions under CRR.
• BSG members questioned the sufficiency of national definitions and suggested the need for harmonization.
• The Working Group on Capital will provide an opinion on the consultation, which closes on 21 December 2012.

Agenda Item 6: Report from the BSG Working Group on Consumer Protection

• The Working Group reported on the EBA Day on Consumer Protection and discussed ongoing work with SCConFin on guidelines.
• A note summarizing key consumer issues was planned to be circulated to BSG members and the EBA.

Agenda Item 7: Report from the BSG Working Group on Systemic Issues

• The Working Group discussed the banking union and resolution arrangements, highlighting the need for a paper on the interdependencies between these issues.
• The EBA Chair encouraged BSG input on how the EBA can support the banking union, including stress testing and risk monitoring.

Agenda Item 8: Report from the BSG Working Group on Capital

• The Working Group reviewed its opinions on two EBA consultations.
• Further discussions were planned for the ongoing consultations on technical standards and capital calculation methods.

Agenda Item 9: Annual Report of the BSG's Work

• The BSG agreed to produce a report on its activities over the 2.5-year mandate, with a draft ready for the May 2013 meeting.
• The Vice-Chair sought assistance from EBA staff and input from working groups.

Agenda Item 10: Chair of the BSG

• BSG members requested the Vice-Chair to communicate their concerns to the Chair and report back after a response was received.

Agenda Item 11: BSG Meeting Dates for 2013

• The EBA announced a public call for applications for future BSG membership in April 2013.
• The term of current members expires on 11 September 2013, and there will be no automatic renewal.
• The meeting schedule for 2013 was slightly adjusted, including timing for the joint meeting with the EBA's BoS.

Agenda Item 12: Agenda Items for Future Meetings

• The Vice-Chair encouraged members to submit agenda suggestions in advance to ensure relevant topics are addressed.

Participants

• BSG Members: Andrea Cesare Resti, Arnold Kuijpers, Birgit Roos, Bostjan Krisper, Chris De Noose, Christian Lajoie, Daniel Gros, David T Llewellyn (Vice-Chair), Eric Berggren, Giles Williams, Guglielmo Zadra, Hiltrud Thelen-Pischke, Holger Schwannecke, Javier De Andres, Lubomir Christoff, Magdolna Szoke, Michelle Brennan, Monica Cueva Diaz, Pamela Walkden, Robin Jarvis, Sylvie Bourguignon, Ute Meyenberg, Zita Čeponyté
• Representatives: Top-ranking academics, Industry, SMEs, Consumers, Trade Unions
• From the EBA: Andrea Enria, Adam Farkas, Philippe Allard, Stefan Andresen, Federico Cabanas, Ivo Jarofke, Corinne Kaufman, Delphine Reymondon, Bernd Rummel, Tea Turcaniova

Key Information

• The meeting was marked by a focus on regulatory clarity, harmonization, and the impact of structural reforms on banking models.
• BSG members emphasized the need for transparency, consistency, and impact assessments on proposed changes.
• Collaboration with EBA staff and working groups was encouraged to support the development of opinions and reports.
• The BSG is preparing for the end of its mandate and will produce a comprehensive report by May 2013.