EBA欧洲银行-Minutes_14页_261kb

EBA BoS Meeting Summary (1-2 July 2013)

Meeting Overview

• Date: 1–2 July 2013
• Time: 13:30–18:30 on 1 July; 9:00–12:00 on 2 July
• Location: EBA, London
• Chairperson: Andrea Enria
• Key Participants: Representatives from 23 EBA member states, the European Commission, the ECB, ESRB, EIOPA, ESMA, and other observers.

Core Content and Main Points

1. Membership and Agenda Approval

• The new full BoS member from Croatia and new Alternate from Luxembourg were welcomed.
• The new BoS member from Bulgaria and the non-voting member from Estonia were announced.
• The draft BoS agenda and minutes of previous meetings were approved.
• A minor amendment was made to the minutes of the 15–16 May 2013 meeting, replacing the term “restrict” with “limit” in Article 9.5.

2. Election of Alternate Chairperson

• The Alternate Chairperson position was vacant after the resignation of the previous holder.
• Two nominations were received.
• Pedro Duarte Neves was elected by simple majority.

3. Management Board Members Election

• Three vacant positions on the Management Board were open.
• Six nominations were received.
• The election ensured representation from at least two non-participating SSM Member States.
• Andrzej Reich, Raimund Roeseler, and Jan Sijbrand were elected by simple majority.

4. Final Draft of BTS on Own Funds

• Four sets of final draft technical standards (RTS and ITS) on own funds were submitted.
• The EU Commission raised concerns about two Q&A answers and requested a delay for further discussion.
• The BoS endorsed the standards by qualified majority and approved the Q&A for publication, except for two items.

5. Final Draft of ITS on Supervisory Reporting

• The ITS package on supervisory reporting was approved by qualified majority.
• A separate approval process for Data Point Modelling (DPM) and validation formulae related to liquidity reporting was planned for the following week.

6. Draft RTS on Credit Risk Adjustments

• The draft RTS was based on the CRR Article 110 (4) (Commission's proposal).
• It was endorsed by qualified majority.
• The draft will be submitted to the EU Commission within one month of the CRR's entry into force.

7. Draft CP and ITS on Supervisory Disclosure

• The draft ITS and CP on supervisory disclosure were approved for public consultation.
• The public consultation period was planned for August–October 2013, with a public hearing suggested for 29 July 2013.

8. Workshop on Proportionality

• A workshop on proportionality in CRIV/CRR information was planned for 22 October 2013.
• BoS members suggested involving other stakeholders, clarifying the proportionality message, and defining areas for assessment.
• The Chairperson emphasized the need for industry dialogue and a full discussion on proportionality in December 2013.

9. High Earners Data Collection

• BoS members agreed to publish aggregated data on high earners, including averages and ratios.
• Data corrections were to be submitted by 8 July 2013.
• The EU Commission confirmed the legal obligation to publish and supported the transparency.

10. Market Risk Consultation Papers

• The Consultation Paper on CVA Proxy Spreads was approved for consultation.
• The Consultation Paper on Prudent Valuation and QIS templates was also approved, with a public hearing planned for 29 July 2013.

11. Issues Note on Draft RTS on Geographical Location of Exposures

• This was the first BTS related to macroprudential tools.
• The BoS agreed to a written procedure with a Consultative Paper by the end of July 2013.
• The policy recommendation focused on maintaining a nominal floor of core tier 1 capital.

12. Transparency Strategy

• The Transparency Strategy was approved by the BoS.
• Concerns were raised about avoiding EBA becoming an accounting standard setter and the need for concrete deliverables.
• The Chairperson requested national experts to assist in the strategy's implementation.

13. IT Strategy Progress Report

• An update on the IT Strategy was provided.
• No comments were raised by the BoS members.

14. TCOR Update

• The TCOR group presented its findings and policy options.
• The BoS supported the work but requested clarification and sequencing of recommendations.
• The term “Confidential Recommendation” was changed to “Confidential Feedback” for NSAs.
• A proposal for RWA-related disclosure was endorsed, with a short-term disclosure exercise planned to be merged with the 2013 transparency exercise.
• Phase 2 of TCOR work on SME Residential Mortgages was approved.

15. Reports from Committees

• The Review Panel Progress Report was approved.
• On-site visits to NSAs were agreed upon to assess stress testing practices, despite some reservations from panel members.

Key Information

• EBA’s role: The EBA is actively involved in developing technical standards and guiding regulatory practices across the EU banking sector.
• Collaboration: There was a strong emphasis on cooperation with the EU Commission, ECB, and other regulatory bodies.
• Transparency and Proportionality: These were central themes, with the EBA planning to enhance transparency and explore proportionality in its standards.
• Resource Constraints: The EBA faced challenges in resource allocation, particularly for transparency and IT strategy implementations.
• Public Consultation: Multiple draft documents were approved for public consultation, indicating a transparent and participatory approach to regulation.

Conclusion

The EBA Board of Supervisors meeting on 1–2 July 2013 focused on the approval of several technical standards, the election of new members, and the planning of future regulatory initiatives. The discussions highlighted the importance of transparency, proportionality, and collaboration with EU institutions, while also addressing resource constraints and the need for further dialogue with the industry.