EBA欧洲银行-1st-meeting-27-May-2011_7页_137kb

Summary of the 1st Banking Stakeholder Group Meeting - 27 May 2011

Core Content

The first meeting of the Banking Stakeholder Group (BSG) was held on 27 May 2011 at the EBA premises in London. The EBA chairperson, Andrea Enria, chaired the meeting and outlined the key topics for discussion, including the revised agenda, rules of procedures, work program, and draft guidelines. The meeting aimed to establish the BSG's role in advising the EBA and contributing to regulatory and supervisory developments in the EU banking sector.

Main Points and Agreements

1. Opening of the Meeting

• Welcome and Chair Introduction: Andrea Enria welcomed the attendees and confirmed his role as chair.
• Agenda Revision: The order of the agenda was adjusted to allocate more time to stress testing.
• Group Role Clarification:
  • Provide advice and opinions on guidelines and standards.
  • Offer intelligence on the banking sector's risk situation.
  • Serve as a sounding board for setting EBA priorities.
• Member Representation: Members will act in their personal capacity, based on a unitary board structure.
• Member Selection Complaints: Complaints about member selection were acknowledged, and a process for handling them was discussed. The chair will engage in bilateral discussions and propose alternative scenarios for the next meeting.

2. Approval of the Group's Rules of Procedures

• Chair Dismissal: Added a provision allowing 2/3 of the members to dismiss the chair.
• Extraordinary Meetings: The chair can convene an extraordinary meeting without a quorum, but must provide documents at least three days in advance.
• Meeting Location Flexibility: Meetings can now be held outside EBA premises for efficiency.
• Member Replacement: For the first year, replacement of members is only allowed if they miss three consecutive meetings.
• Confidentiality Levels: Future documents will include confidentiality levels.
• Work Program Coordination: The EBA chair proposed coordination with other stakeholder groups via the Joint Committee.

3. Chair and Vice Chair Appointment Process

• Nomination Process: Members will be asked to nominate themselves for chair or vice chair via email.
• Documentation: Nominations must include a motivation letter and CV.
• Election: The election will take place at the next meeting, following EBA regulations.
• Chair Expectations: The chair should be neutral and represent the EU perspective. The role involves external representation, meeting preparation, and coordination with other groups.

4. EBA 2011 Work Program

• Key Areas: Regulatory repair post-crisis, risk assessments, EU-wide stress tests, and supervisory colleges.
• Future Tasks (2012): Focus on consumer issues (e.g., responsible lending, mortgage credit, product transparency) and crisis management, bank resolution, and deposit guarantee schemes.
• Impact Improvement: Emphasis on enhancing the impact of EBA deliverables.
• Future Priorities Session: A session on future priorities is planned for the next BSG meeting (likely September 2011), in the context of the 2012 work program.
• Organigram and Committee Structures: The EBA staff will provide the BSG with an organigram and overview of committee structures.

5. BSG Opinion on EBA's Draft Guidelines

5.1 AMA Changes

• Draft Guidelines: Already prepared by CEBS and publicly consulted.
• Comments: Discussed on timing, link with supervisory outcomes, and OpRisk in case of employee redundancy.
• Conclusion: No impediments to finalising the guidelines.

5.2 Corporate Governance

• Internal Governance Handbook: Already prepared by CEBS and publicly consulted.
• Coordination: Extensive coordination with EIOPA and ESMA, but not with EIOPA's current work on 'internal compliance'.
• Formal Opinion: No formal opinion deemed necessary, as the work started under CEBS.

5.3 Data Collection on Remuneration Practices

• CRDIII Requirements: Two tasks: benchmarking remuneration trends and disclosure of employees in high pay brackets.
• Guidelines: Draft guidelines for both tasks will be consulted swiftly.
• BSG Role: Provide opinions on the guidelines, with comments to be submitted within two weeks.

7. Development of EBA Binding Technical Standards

• Process Presentation: The EBA outlined the process for developing binding technical standards and will present it to the BSG.

8. EBA Consultation Practices

• Document in Progress: A document on consultation practices is under construction, based on CEBS practices.
• Presentation: Will be presented at the next BSG meeting.

10. Update on EBA EU-wide Stress Testing Exercise

• Current Status: The stress testing exercise is in progress, with challenges in planning due to the peer review process.
• Sovereign Debt: Sovereign exposures are not marked-to-market but should be stressed using appropriate PD and LGD values.
• Bank Coverage: Focus on internationally active banks representing over 65% of the market.
• Coordination: The EBA and EIOPA exercises are coordinated, using similar macro-scenarios.
• Communication Strategy: Emphasis on consistent messaging from EBA, national authorities, and banks, especially for failing banks.
• Post-Mortem and Future Planning: The BSG will be involved in a post-mortem of the current exercise and in planning future ones.

Next Meetings

• Next Meeting: 5 July 2011
• Subsequent Meetings: 14 September and 16 November 2011
• Schedule Presentation: A meeting schedule for 2012 will be presented in September 2011.

Participants

• Attendees: A diverse group representing academia, industry, consumers, SMEs, users of banking services, and trade unions.
• EBA Representatives: Andrea Enria (Chair), Adam Farkas, Arnoud Vossen, Bernd Rummel