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EBA Management Board Meeting Summary - 13 November 2018

Core Content

The EBA Management Board (MB) held a meeting on 13 November 2018 in London, covering a range of topics including the approval of agenda and minutes, administrative and operational status, relocation progress, planning for the 2020 Single Programming Document, work on an EU-wide NPL platform, and the implementation of SREP Guidelines. The meeting also addressed the role of the European Parliament (EP) in the selection process of the new EBA Chairperson.

Main Points and Key Information

Agenda Item 1: Approval of Agenda and Minutes

• The MB approved the agenda (EBA MB 2018 111) and minutes of the previous meeting (EBA MB 2018 112).
• Andrea Enria, the Chairperson, announced his new role as Chair of the ECB Supervisory Board and thanked the MB for their support.
• Jo Swyngedouw, the Alternate Chairperson, will act as the EBA Chairperson until a new one is appointed.
• The EBA will circulate a note and draft vacancy notice for the new Chairperson to the Board of Supervisors (BoS) for approval.
• A selection committee composed of two BoS Members and one senior EC representative will be established to identify and shortlist candidates.
• The MB requested further discussion with ECON Members on the role of the European Parliament in the selection process.

Agenda Item 2: Administrative and Operational Status Report (A-Point)

• The EBA's 2018 amending budget was approved by the budgetary authority and the BoS.
• The EBA successfully implemented eSubmission by the October 2018 deadline.
• The EBA is slightly below the HR establishment plan and will fill remaining vacancies by year-end.
• There were 11 resignations from January to October 2018, which the EBA considered low.
• The EBA completed the performance appraisal exercise and conducted six trainings for CAs with positive feedback.
• The EUCLID project is progressing, aiming to combine existing and future registers in one technical solution. The EBA is testing the PSD2 register with CAs and plans to go live in February 2019.
• The EBA will unify the platform and technology for data exchange as part of EUCLID.
• The EBA will continue simplifying data reporting processes for CAs.
• The relocation to Paris is delayed due to legislative issues, and the EBA will not move before mid-May 2019.
• The EBA is in contact with the French Finance Ministry regarding the headquarter agreement.
• Teleworking policies will be implemented during the transitional period to support staff with children.
• The EBA will draft a letter to the EC outlining the implications of Brexit and practical issues.

Agenda Item 3: 2020 Single Programming Document (B-Point)

• The EBA will submit the 2020-2022 planning document to the next BoS meeting in December.
• The document includes strategic priorities, legislative proposals (ESAs review and AML), and relocation as key assumptions.
• The MB requested clarification on the strategic priorities and AML activities, which the EBA will amend to reflect current legislative developments.

Agenda Item 4: Overview of Ongoing Work on an EU-wide NPL Platform (B-Point)

• The EBA is working on an EU-wide NPL platform in collaboration with the Commission and ECB.
• The platform aims to provide a data warehouse and transactional matching service, with the possibility of additional ancillary services.
• The EBA is developing a standard-setting body to issue functional requirements and accredit NPL platforms.
• The NPL templates have been well received by the market, and the EBA has updated them to include prioritisation of data fields.
• The MB supported the EBA in continuing the development of the platform and requested a presentation to the SC on Oversight and Practices for further discussion.

Agenda Item 5: SREP Guidelines Implementation Roadmap (B-Point)

• The EBA is revisiting the SREP Guidelines following implementation and divergences observed by CAs.
• The HLG, mandated by the SSM, is working on integrating a holistic approach with a risk-by-risk approach.
• The EBA encourages CAs to apply the SREP Guidelines comprehensively to ensure consistency.
• The MB expressed concerns about the potential for an unlevel playing field due to line-by-line application of the guidelines.
• The EBA will take into account the ECB/SSM work and consider adjustments to the SREP Guidelines based on the 2019 parallel test.

Agenda Item 6: AOB

• Article 16 of the Staff Regulations applies to former senior officials, including members of the BoS and MB, prohibiting lobbying for 12 months after leaving service.
• The EBA will ensure compliance with this regulation in its operations.

Conclusion

• The MB took note of the Administrative and Operational Status Report and the Relocation Status Report.
• The MB agreed to discuss contingency plans for the EBA at its January meeting.
• The EBA will draft a letter to the EC explaining the implications of Brexit and practical issues related to relocation.
• The MB supported the EBA in continuing the development of the EU-wide NPL platform and the revision of the SREP Guidelines.