EBA欧洲银行-EBA-Press-NewsletterMarch-2016_8页_282kb

EBA Publications Summary (March - May 2016)

Core Content

The European Banking Authority (EBA) is actively engaged in monitoring financial innovation and publishing a variety of guidelines, technical standards, reports, and opinions to ensure the safety, soundness, and convergence of EU financial markets. The EBA collaborates with national supervisory authorities and other European Supervisory Authorities (ESAs) to evaluate the implications of new financial products, services, and business models. All publications are subject to approval by the EBA's Board of Supervisors, and publication dates are indicative.

Upcoming Publications (March - May 2016)

Financial Innovation Monitoring

The EBA monitors financial innovations to assess their risks and benefits, focusing on areas such as consumer protection, financial stability, and market integrity. It has been working on various innovations since 2011, including:

• Exchange Traded Funds (ETFs) and Contracts for Difference (CfDs) (2013)
• Virtual Currencies (2014)
• Crowdfunding (2015)
• Automation in Financial Advice (2015)

In 2015, the EBA, along with ESMA and EIOPA, issued a Discussion Paper on automation in financial advice to gather insights on the benefits and risks. The consultation period ended on 4 March 2016. The EBA is also examining new data usage practices by financial institutions, including the combination of internal and external data sources, and aims to publish findings in Q2 2016.

EBA Consultations

The EBA launched several consultations to gather feedback on key topics:

• Implicit support for securitisation transactions: Consultation until 20 April 2016 (Published: 20/01/2016)
• Remuneration requirements for sales staff: Consultation until 22 March 2016 (Published: 22/12/2015)
• Stress testing: Consultation until 18 March 2016 (Published: 18/12/2015)
• Internal models for market risk: Consultation until 13 March 2016 (Published: 14/12/2015)
• ICAAP and ILAAP information for SREP: Consultation until 11 March 2016 (Published: 11/12/2015)
• Cooperation and exchange of information under PSD2: Consultation until 11 March 2016 (Published: 11/12/2015)
• Separation of payment card schemes and processing entities under IFR: Consultation until 8 March 2016 (Published: 08/12/2015)

EBA Guidelines

The EBA publishes guidelines to ensure consistent and effective supervisory practices across the EU. These are only formally issued once published in all relevant EU languages. Competent authorities must inform the EBA on their compliance or reasons for non-compliance within two months.

• Guidelines on cooperation agreements between DGSs: Published 15/02/2016
• Guidelines on methodology and disclosure for G-SIBs: Published 13/01/2016
• Guidelines on sound remuneration policies: Published 21/12/2015

EBA Technical Standards

The EBA is responsible for drafting Binding Technical Standards (BTS) and Regulatory Technical Standards (RTS) based on EU legislation such as the CRD IV and BRRD. These standards are submitted to the European Commission for endorsement.

• Final draft RTS on business reorganisation plans under BRRD: Published 17/12/2015
• Final draft ITS on mapping ECAIs credit assessments for securitisation: Published 15/02/2016
• Final draft RTS on detailed records of financial contracts: Published 17/12/2015
• Draft RTS on prudential requirements for CSDs: Published 16/12/2015

EBA Opinions

The EBA provides opinions on various regulatory and supervisory matters, including:

• Opinion on macroprudential policy measures: Published 26/02/2016
• Opinion on EU Commission proposed amendments to MREL technical standards: Published 09/02/2016
• Opinion on regulatory review of internal models: Published 04/02/2016
• Opinion on proportionality: Published 21/12/2015
• Opinion on MDA for profits pay-outs: Published 18/12/2015
• Opinion on cooperation between EU and third countries: Published 15/12/2015

EBA Reports

The EBA publishes reports that highlight trends, risks, and vulnerabilities in the financial sector, with a focus on micro-prudential and macro-prudential aspects. These reports also provide early indications of potential regulatory actions.

• Report on risks and vulnerabilities in the EU banking sector: Published 21/12/2015
• Report on synthetic securitisation for SMEs: Published 18/12/2015
• Report on impact assessment and calibration of NSFR: Published 17/12/2015
• Report on cooperation between EU and third countries: Published 15/12/2015
• Report on sound prudential regime for investment firms: Published 14/12/2015
• Report on scenarios in recovery plans: Published 08/12/2015
• Report on administrative penalties: Published 02/12/2015
• Report on ENISA's findings on cloud services: Published 07/12/2015
• Report on identified Financial Conglomerates: Published 01/12/2015

Key Information

• The EBA works closely with national authorities and other ESAs to monitor and regulate financial innovations.
• Guidelines and technical standards are essential for ensuring consistency and effectiveness in supervisory practices.
• Consultations are a key part of the EBA's process, allowing for stakeholder input and feedback before final publication.
• The EBA's publications include opinions, reports, and technical standards, all aimed at promoting financial stability, safety, and convergence.
• Publication dates are indicative and may change based on approval by the EBA's Board of Supervisors.