EBA欧洲银行-EBA-MB-2013-019-Minutes-6-February-2013_7页_286kb

Summary of EBA MB Meeting - 6 February 2013

Core Content

The EBA Management Board (MB) meeting on 6 February 2013 covered a range of topics, including internal processes, liquidity regulation, the Single Supervisory Handbook (SSH), Asset Quality Review (AQR), staffing and budget issues, IT infrastructure, and external engagements. The meeting aimed to enhance efficiency, address regulatory challenges, and ensure proper governance and resource allocation.

Main Agenda Items and Conclusions

1. Opening & Approval of Agenda and Minutes

• The agenda, minutes of the November 2012 teleconference, and minutes of the November 2012 meeting were approved.
• The MB was requested to provide opinions on two documents: one on SCRePol working methods and one on general internal processes.
• Disagreements were raised regarding the classification of work streams in the general paper.

Conclusion:
MB members supported the need for improved working methods. They suggested adding a timetable and skills profile for project teams and emphasized the importance of senior management involvement in complex issues. The documents will be revised and submitted to the February BoS meeting.

2. Liquidity Road Map and Challenges of Liquidity Regulation

• The Director of Regulation outlined the current status of liquidity-related deliverables and highlighted the risks to their timely completion.
• The MB was asked to assess potential risks and suggest mitigating actions.

Conclusion:
The MB supported the note on the Liquidity Road Map. They agreed that the standard process could be adapted, especially for "Reports," provided policy discussions remain in SCRePol. The Chairperson suggested including expert profiles in the note to speed up the nomination process.

3. Issues Paper on ESFS Review

• The Chairperson introduced the main issues in the ESFS Review paper, including challenges in binding mediation, stress tests, and legislative discussions.
• The MB was requested to evaluate the issues and decide whether to table them for further discussion at the BoS meeting.

Conclusion:
The MB approved the paper for discussion at the February BoS meeting. It will be redrafted based on MB feedback. Articles 19 and 18 were agreed to be dropped from the final version.

4. Single Supervisory Handbook

• The Chairperson outlined the need to identify key areas to address loopholes and inconsistencies in supervisory practices.
• The MB discussed the note on the Handbook, focusing on its legal status, content, interaction with SREP guidelines, and governance.

Conclusion:
The MB supported the development of the Single Supervisory Handbook. They emphasized the need for a pilot project, especially in areas like SREP and SGRAS. Concerns regarding legal status and resource allocation remain, and the paper will be sharpened before submission to the BoS.

5. Asset Quality Review (AQR)

• A verbal update on AQR was provided by the Chairperson.
• The MB expressed mixed views on whether the stress test should be delayed or structured to complement AQR.

Conclusion:
MB members agreed on the importance of coordination between AQR and ECB. The decision on stress test timing or structure will be made based on further analysis.

6. Filing of a Vacancy on the Banking Stakeholder Group (BSG)

• The MB was informed of a vacancy due to Mr. Marcin Kawiński's resignation.
• The process for selecting the next term of the BSG was also discussed.

Conclusion:
The MB agreed that the replacement should be chosen from the original applicants. The process for the next term will be updated accordingly.

7. Administrative and Operational Status Report

• The Director of Operations provided an overview of 2012 achievements and 2013 outlook in key areas such as budget, HR, procurement, and IT.
• The Executive Director updated the MB on the office space selection process, which will restart in Q2 2013 with involvement from the European Parliament.

Conclusion:
The MB took note of the status report and will be informed of developments in the office space selection process.

8. Draft Budget for 2014

• The Preliminary Draft Budget for 2014 was submitted, with a proposed 25% increase compared to 2013.
• The increase is due to headcount expansion, new premises, and the implementation of a Document Management System.

Conclusion:
The MB approved the Draft Budget for 2014. The European Commission requested a more detailed HR breakdown, particularly regarding temporary and contract staff.

9. Project Approval Document for IT Infrastructure Services

• The Director of Operations presented the project, which was the result of a long tender process completed in December 2012.
• The MB was provided with a presentation on the project scope, objectives, and approach.

Conclusion:
The MB took note of the project and will be regularly updated on its progress.

10. EBA Multiannual Staff Policy Plan 2014–2016

• The plan was presented to the MB for approval.

Conclusion:
The MB approved the Multiannual Staff Policy Plan for 2014–2016.

Other Agenda Items

• HR Implementing Rules: The MB approved several decisions regarding temporary occupation of management posts, middle management staff, leave policies, and pension rights.
• BoS Agenda: The draft BoS agenda was approved with minor amendments.
• Court of Auditors: The MB agreed to the attendance of the Court of Auditors at the February BoS meeting, excluding the confidential session.

List of Participants

• Chairperson: Andrea Enria
• MB Members: Danièle Nouy, Matthew Elderfield, Raimund Roseler, Fernando Vargas
• MB Alternates: Paul Sharma, Uldis Cerps, Marja Nykänen
• Other Participants: David Rozumek (Co-Chair of SCRePol), Dominique Thienpont (European Commission), Adam Farkas (Executive Director), Isabelle Vaillant (Director Regulation), Peter Mihalik (Director Operations), Corinne Kaufman, Mario Quagliariello, Patricia Juanes Burgos (EBA Staff)