EBA欧洲银行-EBA-MB-2015-099rev1-28Final-Minutes-MB-Meeting-16-Nov-201529_7页_402kb

EBA Management Board Final Minutes - 16 November 2015

Core Content

The EBA Management Board (MB) met on 16 November 2015 in London and discussed a range of topics including agenda approval, operational status, HR matters, risk assessment, and the 2017 Single Programming Document (SPD). The meeting also addressed the upcoming elections for MB members and alternate Chairperson, as well as the EBA's stance on Internal Models and its 2016 meeting schedule.

Main Points and Key Information

Agenda Item 1: Opening and Approval of Agenda and Minutes

• The MB meeting was opened by the Chairperson, Andrea Enria.
• The MB approved the provisional agenda and the minutes from the previous meeting on 15 September 2015 (document EBA MB 2015 078).
• Elections for MB members and alternate Chairperson were scheduled for the BoS meeting of 08-09 December 2015 due to the expiry of mandates.

Agenda Item 2: Administrative and Operational Status Report

• The EBA Director of Operations presented an operational status report (document EBA MB 2015 089) covering activities since the last MB meeting.
• The EBA planned to launch its own procurement procedures for translation editing and proof-reading to reduce costs.
• The conciliation procedure for the 2016 budget had concluded on 13 November, and final figures were expected soon.
• A teleconference was proposed for the MB after the BoS meeting in December to discuss reprioritisation of the 2016 Work Programme and its impact on the 2017 SPD.

Agenda Item 3: Revised Decisions on HR Matters

• The MB was asked to approve two revised decisions: one on the EBA nursery and pre-education contribution (document EBA MB 2015 084) and one on the EBA education contribution (document EBA MB 2015 083).
• The changes aimed to align with the Commission's PMO services and clarify provisions.
• The Commission representative noted that DG HR had not been consulted and suggested further discussion.

Agenda Item 4: Risk Assessment in EBA

• The EBA conducted its first Risk Assessment since November 2014, identifying four critical risks and two high risks, along with mitigation measures.
• The Commission's IAS would conduct a full Risk Assessment in February 2016, covering all EBA processes.
• Members requested further reflection on the impact and probability of critical risks and suggested aligning KPIs with the Risk Assessment.
• The MB took note of the report and requested updates.

Agenda Item 5: Draft 2017 Single Programming Document

• The Executive Director presented the draft 2017 SPD (document EBA MB 2015 091), which included the annual and multi-annual work programme, HR policies, and financial resources.
• The SPD was to be adopted by the BoS on 08-09 December 2015 and formally by the MB in January 2016 for submission to the Commission by end-January 2016.
• Members praised the SPD but noted inconsistencies and questioned the relevance of some KPIs.
• The MB supported the approach of aligning the number of tasks with the number of staff, and the SPD would be reviewed in light of the 2016 budget.

Agenda Item 6: Updated EBA Regulatory Dashboards

• The Chairperson presented updated regulatory dashboards reflecting the planning up to end-2016.
• The EBA would assess the Commission's bundling of BRRD-related technical standards (TS) for any substantial changes.
• The Commission representative mentioned the possibility of an early legal review of EBA TS, depending on the European Parliament's decision.

Agenda Item 7: EBA's Stance on Internal Models

• The MB discussed the BCBS GHOS meeting on 09 November 2015, where a hybrid approach to risk weights (RW) was proposed.
• The hybrid approach would apply the Standardised Approach (SA) to sovereign exposures, financial institutions, and large corporates, while retaining IRB for retail and SME portfolios.
• The MB was invited to express views on various aspects of the RW regime, with a focus on variability issues in the IRB approach.

Agenda Item 8: Meetings of the Management Board in 2016

• The Chairperson provided the 2016 calendar of meetings for both the MB and BoS.
• Emphasis was placed on member attendance to ensure proper quorum and majority in the BoS meetings.

Agenda Item 9: BoS December 2015 Meeting - Provisional Agenda

• The MB discussed the provisional agenda for the BoS meeting on 08-09 December 2015.
• The agenda was to be circulated to the BoS in the following days.

Agenda Item 10: AoB

• The Chairperson proposed a candidate from the Central Bank of Ireland for the SCConFin Subgroup Chair, following the resignation of the previous Chair.
• The MB did not object to the proposal.

Participants

• Chairperson: Andrea Enria
• Alternate Chairperson: Pedro Duarte Neves
• Country Representatives:
  • Germany: Raimund Roeseler
  • Italy: Luigi Federico Signorini
  • Netherlands: Olaf Sleijpen
  • Poland: Andrzej Reich
  • Spain: Cristina Iglesias-Sarria
  • United Kingdom: Sasha Mills
• EU Institution Representative: European Commission (Dominique Thienpont)
• EBA Staff:
  • Executive Director: Adam Farkas
  • Director of Operations: Peter Mihalik
  • Director of Oversight: Piers Haben
  • Director of Regulation: Isabelle Vaillant
  • Other staff: Lars Overby; Corinne Kaufman; Santiago Barón Escámez