EBA欧洲银行-EBA-2020-Work-Programme_36页_827kb

Summary of the EBA 2020 Work Programme

Core Content

The European Banking Authority (EBA) 2020 Work Programme outlines the strategic priorities and activities for the EBA in the period from 2020 to 2022. The programme is designed to support the implementation of the Risk Reduction Measures (RRM) package and global standards, enhance supervisory convergence and stress testing, establish an integrated EU data hub, make anti-money laundering (AML) a key priority, and contribute to the development of financial innovation and sustainability. It also includes activities related to resolution frameworks, consumer protection, and internal governance.

Main Strategic Priorities

1. Supporting the deployment of the risk reduction package and global standards in the EU

   • Implementation of the new CRD, CRR, and BRRD legislative packages.
   • Introduction of the IFD/IFR regime and Covered Bonds Directive.
   • Development of more risk-sensitive methodologies for market and counterparty credit risk.
   • Finalisation of the EBA IRB roadmap for credit risk capital requirements.
   • Enhancement of proportionality and reduction of compliance burdens for smaller institutions.

2. Providing efficient methodologies and tools for supervisory convergence and stress testing

   • Revisions to Pillar 2 policies to promote convergence in supervision.
   • Monitoring of capital and liquidity provisions, including CET1, AT1, and LCR.
   • Conducting an EU-wide stress test in 2020 as part of a biennial exercise.
   • Improving methodologies and incorporating feedback from previous stress tests.
   • Strengthening the role of the EBA in monitoring IFRS 9 implementation and IRB models.

3. Moving towards an integrated EU data hub and streamlined reporting framework

   • Finalising the EUCLID project to establish the EBA as an EU-wide data hub.
   • Enhancing data collection, validation, integration, and report monitoring.
   • Conducting a feasibility study for an integrated EU reporting framework.
   • Streamlining reporting and increasing standardisation across the EU.

4. Making AML a real priority for the EU

   • Strengthening AML/CFT supervision through cooperation with national authorities.
   • Establishing a permanent committee for AML supervision.
   • Conducting peer reviews and risk assessments of NCAs.
   • Enhancing the collection, analysis, and dissemination of AML-related information.
   • Supporting the implementation of AML requirements in prudential supervision.

5. Contributing to the sound development of financial innovation and sustainability

   • Incorporating ESG considerations into its general work and supervisory processes.
   • Completing the second phase of preparatory work on sustainable finance disclosure and risk assessment.
   • Developing a discussion paper on integrating ESG into risk management and supervision.
   • Preparing for the classification and prudential treatment of sustainable assets.
   • Continuing the FinTech roadmap with a focus on open banking, distributed ledger technology, and cyber resilience.

6. Promoting an operational framework for resolution

   • Enhancing the operationalisation of the resolution framework, with a focus on MREL and bail-in.
   • Fostering convergence in resolution practices and improving the resolvability of EU banks.
   • Developing policy support documents for recovery and resolution processes.

Key Activities

• Capital, Liquidity, and Leverage Ratio: Monitoring capital instruments, liquidity risk, and the leverage ratio.
• Loss Absorbency and Reporting: Working on MREL, TLAC, and reporting requirements.
• Credit and Market Risk: Enhancing credit risk mitigation techniques and market risk frameworks.
• Operational Risk and Investment Firms: Addressing operational risk and supporting the new IFD/IFR regime.
• Supervisory Review and Governance: Strengthening internal governance and remuneration policies.
• Resolution and Risk Analysis: Supporting resolution tools and conducting risk assessments.
• Transparency and Data Analysis: Enhancing transparency and developing data analysis capabilities.
• Consumer and Depositor Protection: Monitoring convergence in consumer protection and ensuring the effective implementation of PSD2.
• Legal and Technical Support: Providing legal services, IT infrastructure, and financial management.

Additional Key Points

• The EBA will work closely with the European Commission and co-legislators to support the implementation of Basel III standards.
• The EBA will continue to develop technical standards (TS) and regulatory technical standards (RTS) to ensure consistency and efficiency.
• The ESAs review will lead to the establishment of a new permanent committee for AML/CFT supervision and enhance information sharing across authorities.
• The EBA will also support the development of a harmonised framework for cyber resilience testing and covered bonds.
• The EBA's mission is to build a single regulatory and supervisory framework for the EU banking sector to ensure a stable and efficient Single Market.

Resource Allocation and Performance

• The EBA will allocate resources to activities aligned with its strategic priorities, including the development of technical standards, guidelines, and reports.
• The work programme includes a detailed resource allocation plan and a list of key performance indicators (KPIs) to measure progress.
• A procurement plan for 2020 is also outlined to support the implementation of the work programme.

Conclusion

The EBA 2020 Work Programme reflects a comprehensive approach to banking supervision, focusing on the implementation of regulatory frameworks, enhancement of supervisory convergence, and the promotion of financial innovation and sustainability. It aims to ensure the resilience, stability, and transparency of the EU banking sector, while supporting the broader goals of the Single Market.