EBA欧洲银行-EBA-BSG-2015-042-28Final-Minutes-2704201529_10页_233kb

EBA Banking Stakeholder Group – Summary of Minutes (27 April 2015)

Core Content

The meeting of the Banking Stakeholder Group (BSG) on 27 April 2015 in London focused on a range of topics including the BSG's role in the EBA's work, updates on regulatory developments, and discussions on key issues such as proportionality, stress testing, and mortgage lending value. The BSG members also addressed concerns about budget constraints, the impact of regulatory changes on banks, and the need for consistency and guidance in various areas of banking regulation.

Main Points and Key Discussions

1. Approval of Agenda and Minutes

• The draft agenda was approved.
• The minutes from the previous meeting (3rd March 2015) were approved.
• The Ad-Hoc Working Group on the conduct of stress tests has not yet been established as planned.

2. New BSG Member and Membership Updates

• Arnold Kuijpers was welcomed as a new BSG member.
• Two BSG members have resigned, and a third will be asked to step down due to lack of attendance.
• There is a shortage of suitable candidates in the consumer category; the EBA Chairperson proposed selecting a candidate from the users of financial services category to fill the vacancy.

3. BSG Chairperson's Update on EBA Activities

• The BSG Chairperson outlined recent contributions to EBA Consultation Papers and noted the potential impact of budget cuts on EBA's work.
• He suggested that the EBA should seek input from senior management before sending a letter to the European Commission and Parliament.
• He mentioned the possibility of a change in the EBA's financing mechanism, such as direct funding from the banking industry.
• The BSG was preparing a response to the EBA Consultation Paper on sound remuneration policies (EBA/CP/2015/03), with a focus on proportionality.

4. Workstream of BSG Technical Working Groups

• The Working Group on Capital and Risk Analysis updated on consultations related to the IRB Approach and exposures to shadow banking entities.
• The Working Group on Recovery and Resolution discussed the importance of the Consultation Paper on Business Reorganisation Plans.
• Concerns were raised about the implementation of the EBA's Consultation Paper on contractual recognition of bail-in, and the need for guidance for credit institutions.
• The BSG was advised to consider the impact of TLAC/MREL on cross-border groups.

5. Proportionality Project

• The BSG coordinator of the Ad-Hoc Working Group on Proportionality provided an update on the draft report and proposed a final paper for the June meeting.
• The BSG suggested providing clear recommendations based on the report and requested input by 1 July 2015.
• There was a discussion on the importance of a balanced approach to proportionality, including the use of relative measures and clear objectives for each regulation.

6. Regulatory and Oversight Developments

• The EBA Chairperson updated on the revised 2015 Work Programme and the EBA's report on Supervisory Convergence.
• The EBA requested a corrigendum for the RTS on non-delta risks due to changes in the EC's adoption process.
• Topics from the Eurofi conference were discussed, including concerns about market liquidity and the impact of American banks on EU markets.
• The EBA was finalising advice on securitisation and a paper with EIOPA on Conduct Risk.
• The BSG was asked to comment on the EBA's work on innovative payments and IT risk supervision.

7. Mortgage Lending and Consumer Protection

• The EBA staff presented updates on mortgage guidelines and the Consumer Trends Report 2015.
• Concerns were raised about the EBA benchmark rate not accounting for regional differences in base rates.
• The BSG discussed the implications of the draft RTS on mortgage lending value (MLV), noting that MLV is different from market value (MV).
• The EBA proposed using four valuation approaches (Income, Comparison, Residual, Cost) for MLV, with the cost approach serving as a back-stop.
• Concerns were raised about the relevance of MLV in certain EU countries and its impact on fixed rate mortgages in France.

8. Preparation for Joint Meeting

• The BSG Chairperson and Vice-Chairperson outlined key issues for the following day's BSG/BoS joint meeting.

9. Agenda Items for Next Meeting

• The BSG Chairperson requested suggestions for agenda items for the next meeting on 23 June 2015.

Participants

• BSG Members:

  • David T. Llewellyn (Chairperson)
  • Andrea Resti (Vice-Chairperson)
  • Alf Alviniussen
  • Michel Bilger
  • Javier Contreras
  • Mike Dailly
  • Nikos Daskalakis
  • Santiago Fernandez De Lis
  • Chris De Noose
  • Ernst Eichenseher
  • Jose Antonio Gonzalo-Angulo
  • Sandra Hafner
  • Troels Hauer Holmberg
  • John Hollows
  • Zdenek Hustak
  • Robin Jarvis
  • Bostjan Krisper
  • Arnold Kuijpers
  • Nina Dietz Legend
  • Louise Lindgren
  • Dominic Lindley
  • Sabine Masuch
  • Ute Meyenberg
  • Jesper Bo Nielsen
  • Robert Priester
  • Holger Schwannecke

• EBA Staff:

  • Andrea Enria (Chairperson)
  • Adam Farkas (Executive Director)
  • Rita Bairros
  • Valerie de Bruyckere
  • Cédric Coraillon-Parquet
  • Denise Delaney
  • Corinne Kaufman
  • Christoph Kuhn
  • Nick Lock (Chair of the IRRBB working group)
  • Elisabeth Noble
  • Vinay Pranjivan
  • Mario Quagliariello