EBA欧洲银行-2018-Q4-October-December-PMR-COMMS-v1_12页_236kb

EBA Staff Meetings Summary (Last Updated: 11-Feb-19)

Core Content Overview

This document provides a detailed record of meetings held by EBA (European Banking Authority) staff members with various stakeholders between October 2018 and December 2018. The meetings covered a wide range of topics, including regulatory frameworks, innovation, cybersecurity, stress testing, and Brexit-related issues. The goal of these meetings was to engage with industry players, academic institutions, and international organizations to discuss and shape the future of banking regulations and practices in the EU.

Main Topics and Stakeholders

1. Innovation and Future Focus Areas

• Meeting with IIF (06/12/2018): Discussed innovation topics, including EBA's envisaged focus areas for 2019.
• Meeting with EY (05/12/2018): Covered machine learning and internal models.

2. Brexit Contract Continuity

• Meeting with ISDA and AFME (19/11/2018): Focused on Brexit-related contract continuity and its implications for financial institutions.

3. Cybersecurity and Operational Resilience

• Meeting with JPM Chase (05/11/2018): Discussed cyber security and ICT risk management.
• Meeting with Deloitte (05/12/2018): Focused on cyber risk.
• EBA/EBF meeting (18/12/2018): Covered topics such as assessing cyber risks, penetration testing, business resilience, and operational risk management frameworks.
• Meeting with Bank of Korea (11/12/2018): Addressed stress testing for operational resilience, business impact analysis, and strategies to manage digital disruptions.

4. Stress Testing and Regulatory Impact

• Meeting with ESBG (25/10/2018): Discussed EUCLID project, data publication, and ADC lending under Article 128 of CRR.
• Meeting with ABN AMRO (07/11/2018): Covered Basel reform.
• Meeting with AFME (13/12/2018): Focused on stress testing lessons learned, future directions, and policy proposals.
• Meeting with Bank of England (05/10/2018): Discussed UK banks' participation in the CfA (Capital Fundamentals Assessment) exercise.

5. Reporting and Data Sharing

• Meeting with EBF (03/10/2018): Covered reporting challenges and collaboration between the banking industry and EBA.
• Meeting with PayPal (18/10/2018): Focused on PSD2 and the development of an API for data sharing.
• Meeting with European DataWarehouse (26/10/2018): Discussed EBA NPL (Non-Performing Loan) transaction templates.

6. Non-Performing Loan (NPL) Management

• Meeting with NPL Markets (10/10/2018): Covered NPL platform development.
• Meeting with Debitos (24/10/2018): Discussed NPL transaction platforms.

7. Supervisory Reporting and Public Hearings

• Public Hearing on COREP Securitisation (03/10/2018): Involved stakeholders from various banks and institutions.
• Public Hearing on FINREP (03/10/2018): Covered supervisory reporting requirements.
• Public Hearing on LCR (10/10/2018): Included discussions on liquidity coverage ratios and related topics.
• Public Hearing on Supervisory Coop (18/12/2018): Addressed supervisory cooperation across EU institutions.

8. Legal and Regulatory Frameworks

• Meeting with Queen Mary University of London (16/10/2018): Discussed the role of the EBA in the EU regulatory framework.
• Meeting with Professor Hideki Sato (16/10/2018): Covered EBA's regulatory relations with the SSM (Single Supervisory Mechanism) and SRM (Single Resolution Mechanism), as well as the BRRD and UK banking resolution post-Brexit.

9. Other Regulatory and Market Topics

• Meeting with UBS (11/10/2018): Focused on capital and MREL (Minimum Requirement for Own Funds and Eligible Liabilities).
• Meeting with Students from EST (04/12/2018): Discussed the role of EBA in the EU regulatory framework.
• Meeting with European AVM Alliance (15/10/2018): Covered valuation methods and AVMs (Asset Valuation Models) in the EU.
• Meeting with ESRI (15/11/2018): Discussed GIS (Geographic Information System) applications for EBA.

Key Information and Outcomes

• Focus Areas: Cybersecurity, operational resilience, stress testing, and innovation were among the most frequently discussed topics.
• Stakeholders: A wide range of participants were involved, including financial institutions (e.g., JPM Chase, Bank of Korea, UBS), regulatory bodies (e.g., Bank of England, AFME, ISDA), and academic institutions (e.g., Queen Mary University, Kanazawa University).
• Collaboration: EBA engaged in discussions with both EU-wide institutions and international counterparts to ensure alignment and cooperation in regulatory matters.
• Regulatory Impact: The meetings highlighted the importance of regulation in the digitalized financial ecosystem and the need for effective governance and risk management frameworks.

Conclusion

The EBA conducted a series of meetings with diverse stakeholders in 2018 to address key regulatory and operational challenges. These discussions aimed to enhance understanding, promote collaboration, and align practices with evolving regulatory requirements. The topics covered reflect EBA's strategic focus on innovation, resilience, and the digital transformation of the financial sector.