EBA欧洲银行-EBA-BS-2012-163-FINALEBA-work-programme-for-2013-_9页_423kb

EBA 2013 Work Programme Summary

1. Core Functions and Objectives

The European Banking Authority (EBA) outlines its 2013 work programme, focusing on three core areas: Regulation, Oversight, and Consumer Protection. These areas are aligned with the EBA's mandate under Regulation (EU) No 1093/2010 and the EU banking sector legislation.

Main Objectives:

• Regulatory Policy: To lead in the development of the single rule book for the EU banking system, ensuring a level playing field and high-quality financial regulation.
• Oversight Activities: To identify, analyse, and address key risks in the EU banking sector, promoting supervisory convergence and the sustainability of banks' business models.
• Consumer Protection: To enhance transparency, simplicity, and fairness in consumer financial products and services across the Single Market.

2. Regulatory Work

The EBA's regulatory work in 2013 is primarily driven by the implementation of the CRDIV/CRR legislative framework, which is part of the Basel III agreement.

Key Focus Areas:

• Capital: Ensuring the quality of capital instruments through monitoring and technical standards.
• Liquidity: Developing technical standards for the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
• Remuneration: Creating technical standards for identifying risk takers and structuring remuneration.
• Leverage Ratio: Assessing the impact of the leverage ratio on banks, with deliverables expected from 2014 onwards.

Deliverables and Priorities:

• Priority 1: 164 deliverables, mostly technical standards, guidelines, and reports.
• Priority 2: Tasks that are secondary but still important, contingent on resource availability.
• Priority 3: Tasks that are likely not completed in 2013.

Task Breakdown:

3. Oversight Work

The EBA's oversight activities aim to strengthen the EU banking sector by monitoring key risks and promoting supervisory convergence.

Key Activities:

• Conducting EU-wide stress tests as part of the implementation of CRD IV.
• Monitoring capital levels and supporting banks in their capital planning.
• Analyzing asset quality and the impact of deteriorating asset quality on balance sheets.
• Developing risk dashboards and key risk indicators for internal and external use.
• Enhancing supervisory practices through bilateral/multilateral exchanges and structured stock-takes.

Priority Focus:

• The common reporting framework (COREP and FINREP) will be implemented with high priority.
• The EBA will support competent authorities in the resolution colleges to improve cross-border supervision of banking groups.

4. Consumer Protection Work

The EBA is committed to promoting transparency, simplicity, and fairness in consumer financial services across the EU.

Key Activities:

• Finalizing guidelines on responsible mortgage lending and arrears handling.
• Developing regulatory technical standards on Professional Indemnity Insurance.
• Analyzing consumer detriment issues in non-mortgage credit and potential guideline development.
• Monitoring financial innovation to ensure market safety and regulatory convergence.
• Organizing a Consumer Day in collaboration with ESMA and EIOPA.

5. Policy Analysis and Coordination

This unit is responsible for legal analysis, impact assessment, and coordination of the EBA's policy and supervisory work.

Key Responsibilities:

• Legal review of technical standards, guidelines, and opinions.
• Impact assessment of policy documents.
• Internal and external coordination with bodies like the BCBS, IMF, EU Commission, Council, and EU Parliament.
• Supporting supervisory training and the Banking Stakeholder Group.

6. Operations and Institutional Capabilities

The EBA is focused on institutional development and resource enhancement to support its expanding role.

Key Priorities:

• Staffing Growth: Expected to increase from 68 in 2012 to 93 Temporary Agents in 2013.
• Budget Increase: From €20.7 million in 2012 to €25 million in 2013.
• IT Strategy: Implementation of a medium and long-term IT strategy to support the EBA's expanded functions.
• Training: Launching and rolling out a staff training program to build technical expertise.
• Office Infrastructure: Planning for a long-term solution to office needs following approval in 2012.

7. Legislative Context and Impact

The EBA's 2013 work programme is shaped by significant new legislative proposals, including the Banking Union and Recovery and Resolution frameworks.

• The Banking Union emphasizes the need for a unified supervisory approach and stronger single rule book implementation.
• The Recovery and Resolution proposals require the EBA to develop technical standards, guidelines, and tools for crisis management and resolution.

8. Conclusion

The EBA's 2013 work programme reflects a strong commitment to regulatory harmonization, supervisory convergence, and consumer protection. It is structured around the three core functions and supported by a dedicated policy coordination unit and enhanced operational capabilities. The programme is expected to deliver a large number of technical standards and guidelines, with a focus on the implementation of Basel III and the development of crisis resolution frameworks.