EBA欧洲银行-EBA-BSG-2013-43-28Minutes-BSG-28-June-201329_11页_192kb

Banking Stakeholder Group Meeting Summary - 28 June 2013

Core Content

The Banking Stakeholder Group (BSG) held its meeting on 28 June 2013, from 09:30 to 17:00, at the EBA. The meeting focused on several key regulatory topics, including the prioritisation of ongoing work, the finalisation of the End of Term of Office Report (ETOR), input on bail-in mechanisms, and the BSG's contributions to the EBA's Risk Assessment Report. The BSG also reviewed the EBA's regulatory developments and provided feedback on various Consultation Papers (CPs).

Main Agenda Items and Key Points

1. Welcome and Approval of Agenda

• The BSG meeting was set to address four main issues: prioritisation of work in progress, finalisation of the ETOR, input on bail-in mechanisms, and input to the EBA's Risk Assessment Report.
• Minutes of the 14 May BSG meeting were approved without comments. No comments were received on the minutes of the 15 May Joint BSG/Board of Supervisors (BoS) meeting.

2. Update on Regulatory Developments

• The EBA Chairperson highlighted that EU banks are now on par with US banks in terms of risk-weighted capital ratios, but the adjustment is mainly through de-risking rather than structural change.
• The EBA is working on the consistency of Risk-Weighted Assets (RWAs) to restore market confidence in capital adequacy measures.
• The CRD IV/CRR was published on 27 June 2013, with an increased number of deliverables expected from the EBA.
• The EBA planned a workshop on proportionality in October 2013, involving regulators and industry representatives.

3. Market Risk and Capital Requirements

• The EBA presented several Draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) related to market risk and capital requirements.
• The BSG agreed not to develop an official opinion on these CPs and would provide individual input during the public consultation process.

4. End of Term of Office Report (ETOR)

• The BSG revised its ETOR based on previous discussions and written feedback.
• The report was agreed in principle and scheduled for publication in September 2013 to allow for further BSG input and inclusion of the Systemic Issues Working Group's findings.

5. Feedback on EBA's Support to the BSG

• The BSG provided suggestions for improving EBA's working processes, including better tracking of outstanding opinions, clearer assignment of opinions among members, and earlier engagement in the EBA's regulatory development cycle.
• BSG members were asked to submit feedback using a survey template by 05 July 2013.

6. Report from the BSG Working Group on Bank Liquidity

• BSG members were asked to signal their willingness to contribute to the opinion on two CPs related to liquidity reporting and collateral outflows by 05 July 2013.
• Input was to be submitted to the Coordinator of the BSG Working Group on Bank Liquidity (Andrea Resti) by 19 July 2013, with the final opinion due by 14 August 2013.

7. Report from the BSG Working Group on Consumer Protection

• The working group updated on recent activities, including the "Joint ESAs Consumer Protection Day" in Paris.
• The group identified key areas for review, including peer-to-peer lending, unregulated products, fees for advice, and adjustable margins for mortgages.

8. Report from the BSG Working Group on Bank Capital

• The group finalised its opinion on the CP on materiality of internal approaches for risk assessment.
• The BSG also provided feedback on the CP on forbearance and non-performing exposures, supporting the harmonisation of definitions but highlighting the need for further debate.
• Additional focus was placed on the Asset Quality Review (AQR) and the 2014 EBA stress test.

9. Report from the BSG Working Group on Systemic Issues

• The group finalised its bail-in paper and discussed the implications of the Bank Recovery and Resolution Directive.
• Concerns were raised about the clarity of the capital conservation buffer and the potential for government support in the EU.
• The EBA's Risk Assessment Report was discussed, with a pessimistic outlook on the macroeconomic environment and potential risks of a double-dip banking crisis.
• BSG members were asked to provide written comments on the report by 01 July 2013.

10. BSG Term and Renewal Process

• The BSG renewal process was ongoing, with the Call for Interest due to close that day.
• A caretaker BSG would operate until new members were appointed, for a short period.
• The BSG was encouraged to continue providing input on upcoming EBA consultations.

Key Participants

Key Information

• The BSG was involved in multiple regulatory discussions, including bail-in mechanisms, capital requirements, liquidity reporting, and consumer protection.
• There was a consensus on the need for clarity and harmonisation in regulatory frameworks.
• The BSG expressed concerns about the potential for regulatory arbitrage and the complexity of the regulatory regime.
• The EBA was expected to complete a significant number of deliverables in 2013, with a focus on technical standards and guidelines.
• The BSG agreed to provide individual input on various CPs and was advised to submit feedback by specific deadlines.