EBA欧洲银行-EBA-BS-2013-642-28Minutes-BoS-11-12-December-201329_14页_281kb

EBA Board of Supervisors (BoS) Meeting Summary - 11 and 12 December 2013

Core Content Overview

The European Banking Authority (EBA) held its Board of Supervisors (BoS) meeting from 11 to 12 December 2013 in London. The meeting covered a range of topics, including updated rules of procedure, risk and liquidity assessments, disclosure guidelines, and IT strategy progress. Key discussions involved the endorsement of technical standards, the approval of consultation papers, and the coordination of supervisory activities across the EU.

Main Agenda Items and Outcomes

Agenda Item 2: Opening, Welcome & Approval of the Agenda and Minutes

• Matthias Dewatripont stepped down from the BoS, and Jo Swyngedouw became a BoS Member while Rudi Bonte remained as Alternate.
• The draft BoS agenda and minutes were approved.
• The revised EBA Rules of Procedure were submitted for approval, with two questions raised regarding Articles 3.2 and 4.3.
• Conclusion: The revised EBA Rules of Procedure were approved by the BoS.

Agenda Item 3: Risk and Vulnerabilities

• The EBA Staff presented their views on the "Risk and Vulnerabilities" document, incorporating input from the transparency exercise.
• The SCOP Chair shared findings on risks and vulnerabilities.
• Conclusion: The BoS took note of the EBA Staff view and the SCOP letter, as well as the EBA Risk Dashboard 2013.

Agenda Item 4: Liquidity

a) Final Report on Liquidity: HQLA Definitions

• The Final Report on the definition of high-quality liquid assets (HQLA) was submitted for endorsement.
• The report was approved by simple majority.
• Conclusion: The BoS endorsed the Final Report on HQLA definitions.

b) Final Report on Liquidity: Impact Assessment for the LCR

• A revised impact assessment report for liquidity measures was submitted.
• The BoS endorsed the report by consensus, with minor adjustments.
• Conclusion: The report was endorsed and will be sent to the EU Commission after final revisions.

c) Final Draft Technical Standards on Additional Monitoring Metrics for Liquidity

• The BoS approved the final draft technical standards, with a proposed implementation deadline of 1 July 2015.
• Conclusion: The technical standards were approved by qualified majority.

Agenda Item 5: Draft CP of RTS, ITS and GLs on G-SII Identification and Disclosure

• The BoS approved the consultation paper, which includes the methodology for identifying Global Systemically Important Institutions (G-SIIs) and guidelines for disclosure.
• Conclusion: The BoS approved the consultation paper.

Agenda Item 6: Asset Encumbrance: Draft Consultation Paper

• The BoS endorsed the consultation paper, with a note to review the definition of Emergency Liquidity Assistance (ELA).
• Conclusion: The BoS endorsed the consultation paper, subject to review of ELA wording.

Agenda Item 7: Own Funds: Final Advice on Unrealised Gains

• The BoS supported the technical advice on the treatment of unrealised gains, with some drafting amendments.
• Conclusion: The BoS endorsed the technical advice with amendments.

Agenda Item 8: Remuneration

• The BoS approved the draft RTS on remuneration criteria, with a specific change regarding prior approval for high remuneration.
• Conclusion: The draft RTS was endorsed by qualified majority.

Agenda Item 9: ESFS Review: Mazars Report to EP

• The BoS welcomed the Mazars report on the ESFS review and took note of its findings.
• Conclusion: The BoS took note of the report.

Agenda Item 10: Consumer Protection

• The BoS approved the consultation paper on professional indemnity insurance, the warning on virtual currencies, and the response to the European Commission on crowd funding.
• Conclusion: All documents were endorsed for publication.

Agenda Item 11: 2013 EU-Wide Transparency Exercise

• The EBA staff presented results from the transparency exercise.
• The BoS supported the publication of the report with some amendments.
• Conclusion: A revised version of the report was agreed for publication on 16 December 2014.

Agenda Item 12: Supervisory Review and Evaluation Process (SREP)

• The BoS approved the discussion paper on the methodology for SREP, with some minor amendments.
• Conclusion: The discussion paper was approved for publication.

Agenda Item 13: Guidelines on Funding Plans Templates

• The BoS endorsed the guidelines on funding plans templates with minor amendments.
• Conclusion: The consultation paper was approved for publication.

Agenda Item 14: Joint Decision in Pillar 2

• The BoS endorsed the final draft ITS on joint decisions for institution-specific prudential requirements.
• Conclusion: The ITS was endorsed by consensus.

Agenda Item 15: Colleges Action Plan

• The BoS endorsed the 2013 Colleges Action Plan and the 2014 plan with some amendments.
• Conclusion: The action plans were endorsed with revisions.

Agenda Item 16: IT Strategy Progress Report

• The EBA provided an update on the IT Strategy, noting progress and migration of services.
• Security concerns were raised, and the BoS was urged to nominate representatives for the Security Task Force.
• Conclusion: The BoS took note of the IT Strategy update.

Agenda Item 17: EBA Office Solution

• The BoS was informed about the European Parliament's concerns regarding the EBA's office selection process.
• Conclusion: The BoS took note of the verbal update on the office solution.

Agenda Item 18: Comparability of RWA

• The BoS approved reports on comparability and procyclicality under the IRB approach, and on market risk RWA.
• Conclusion: The reports were approved for publication.

Agenda Item 19: ESAs 2014 Training Programme

• The training programme for national competent authorities was presented for information.
• Conclusion: The BoS received the information.

Agenda Item 20: Reports from Committees

• Reports from various committees were submitted for information.
• Conclusion: The BoS received the information.

Participants and Representatives

• Chairperson: Andrea Enria
• Participants: Representatives from 19 EU countries and Norway, including both voting members and alternates.
• Institutions Representatives: European Commission, ECB, ESRB, EIOPA, ESMA, etc.
• EBA Staff: Corinne Kaufman, Slavska Eley, Mario Quagliariello, Lars Overby, Joseph Mifsud, Patricia Juanes Burgos.

Key Information

• The BoS approved several technical standards and consultation papers, with some amendments.
• The EBA is working on improving supervisory consistency and methodology, especially for SREP and joint decisions.
• IT migration was largely completed, with ongoing efforts on security and XBRL taxonomy changes.
• The EBA is preparing a new office selection process in response to European Parliament concerns.
• The transparency exercise results were approved for publication with minor revisions.