EBA欧洲银行-EBA-BS-2015-269rev1-28Final-Minutes-BoS-16-17-June-201529_17页_410kb

EBA Board of Supervisors – Final Minutes Summary (16-17 June 2015)

Core Content

The EBA Board of Supervisors (BoS) convened in London on 16-17 June 2015 to review and approve several key documents and initiatives. The meeting focused on enhancing supervisory coordination, improving risk assessments, and aligning with EU banking regulations. A variety of topics were discussed, including the selection process for EBA leadership, risk and vulnerability assessments, benchmarking exercises, technical standards, and consumer protection and financial innovation.

Main Views and Key Information

Agenda Item 1: Guidelines for Open Selection Procedures for EBA Chairperson and Executive Director

• The draft guidelines were presented by the Alternate Chairperson, previously agreed by the Management Board on 02 June 2015.
• The main changes involved the composition and size of the Selection Committee, which would include a majority of current BoS members.
• EBA staff would continue refining the draft, particularly regarding the independence of Selection Committee members.
• The finalised note would be sent to the BoS for approval via written procedure.

Agenda Item 2: Welcome, Approval of Agenda and Minutes

• The meeting was opened by the Chairperson, who announced a conference to commemorate the fifth anniversary of EBA's establishment on 5 February 2016.
• The provisional agenda and minutes of the BoS meeting of 28-29 April 2015 were approved.

Agenda Item 3: Update on Risks and Vulnerabilities

• The EBA Director of Oversight presented an update on the EU banking sector's risks, including capital ratios, profitability, funding markets, NPLs, and asset encumbrance.
• The SSM and ECB representatives noted the resilience of Greek banks despite high NPL levels, and highlighted the importance of resolution tools, especially in the absence of full national implementation of the BRRD.
• The ESRB representative began work on macro prudential impacts of low interest rates and invited competent authorities to collaborate.

Agenda Item 4: Election of the co-Chair of SCRePol

• A new call for co-Chair candidates of SCRePol was to be circulated to the BoS.
• The co-Chair would be elected at the BoS meeting of 08 September 2015.

Agenda Item 5: Peer Review on the Assessment of Suitability

• The Review Panel's third report on the suitability of management body members and key function holders was presented.
• The BoS broadly supported the report but raised concerns about the use of interviews and the level of detail in the proposals.
• A preference was expressed for the ITS on supervisory reporting as a future peer-review topic.

Agenda Item 6: Draft Final Report on the Benchmarking Exercise

• The Task Force on Supervisory Benchmarking presented findings on credit risk and market risk benchmarking.
• The BoS supported both reports but requested a final round of comments before publication.
• A stocktake exercise on regional governments' and local authorities' exposures to central governments was agreed.

Agenda Item 7: Draft Final Advice on Simple, Standard and Transparent Securitisations

• The final technical advice was presented, responding to the Commission's 2014 call for advice.
• The BoS endorsed the draft letter to EFRAG, with minor amendments to the executive summary and special considerations.
• An impact assessment of IFRS 9's implementation would be conducted in 2016, and the EBA would start drafting guidelines for expected credit losses.

Agenda Item 8: NSFR Calibration Report – Final Methodology

• The EBA Director of Regulation presented the methodology for determining the NSFR.
• The BoS supported the methodology and suggested further differentiation based on institution size.
• The Commission urged maintaining the size dimension in the report.

Agenda Items 9–20: Technical Standards and Guidelines

• The BoS approved several draft technical standards and guidelines, including those on group financial support, MREL criteria, contractual recognition of bail-in, and product oversight and governance arrangements.
• These documents were related to the recovery phase and addressed competent authorities (CAs), not resolution authorities.

Agenda Item 21: Consumer Trends Report 2015

• The EBA staff presented the 2015 consumer trends report, highlighting areas such as household indebtedness, banking fees, and alternative financial services.
• The BoS welcomed the report and agreed to its publication.

Agenda Item 22: Strategic Discussion on Consumer Protection and Financial Innovation

• The Standing Committee on Consumer Protection and Financial Innovation (SSConFin) outlined four key areas for future work: delivering mandates, strengthening the regulatory framework, defining policy developments, and highlighting consumer trends.
• The BoS supported the proposals and encouraged further ideas for strategy framing.

Summary of Conclusions

• The BoS approved the peer review report and endorsed the draft letter to EFRAG.
• The EBA committed to conducting a stocktake exercise on regional government exposures.
• The EBA would continue refining the NSFR report and submit it for approval by the BoS in October 2015.
• All technical standards and guidelines were approved by consensus.
• The Consumer Trends Report 2015 was adopted and published.
• The EBA would explore the strategic areas outlined by SSConFin and consider amendments to guidelines where necessary.

Final Notes

The meeting underscored the importance of supervisory convergence, transparency, and coordination across EU institutions. It also highlighted the need for continuous improvement in risk assessment methodologies and the role of the EBA in supporting regulatory and prudential frameworks.