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2016 EBA Annual Work Programme Summary

Core Content

The European Banking Authority (EBA) published its 2016 Annual Work Programme, outlining the key strategic areas and activities aimed at fulfilling its regulatory, supervisory, and policy development mandates. The programme is aligned with EU banking legislation and the EBA's role in promoting a consistent, effective, and transparent regulatory framework across the European Union.

Main Strategic Areas

A. Regulation and Policy Framework: Development and Maintenance of the Single Rulebook

The EBA aims to maintain and improve the Single Rulebook, ensuring a level playing field and high-quality regulation for financial institutions. This includes:

• Activity 1: Capital

  • Monitor the quality of own funds and provide guidance on capital instruments.
  • Develop standardised templates for AT1 instruments and maintain a public CET1 list.
  • Output: Standardised templates, recurrent reports, and analysis of loss absorbency.
  • FTE: 2

• Activity 2: Internal governance, remuneration and anti-money laundering

  • Focus on governance, remuneration, and anti-money laundering (AML) compliance.
  • Output: Guidelines on governance, remuneration, AML, and reports on risk management.
  • FTE: 4

• Activity 3: Liquidity risk

  • Conduct annual impact assessments and reports on LCR and NSFR.
  • Develop guidelines on LCR disclosure and intraday liquidity risk.
  • Output: Annual LCR report, LCR phase-in report, and guidelines.
  • FTE: 2

• Activity 4: Leverage ratio

  • Prepare a calibration report and update technical standards on leverage ratio reporting.
  • Output: Calibration report and impact analysis.
  • FTE: 2

• Activity 5: Credit risk and credit risk modelling

  • Develop technical standards and guidelines for credit risk calculations and risk mitigation.
  • Output: Guidelines on LGD, PD, CVA, and risk weights for mortgage lending.
  • FTE: 8

• Activity 6: Market risk

  • Publish guidelines and draft RTS to enhance market risk management.
  • Output: Guidelines on stressed VaR, CVA, and risk assessment methodologies.
  • FTE: 4

• Activity 7: Market infrastructure

  • Focus on EMIR and CRD IV/CRR provisions, particularly on CCPs.
  • Output: Reports on EMIR interactions, joint assessment team reports, and guidelines.
  • FTE: 2

• Activity 8: Securitisation and covered bonds

  • Develop technical standards and guidelines on securitisation, covered bonds, and risk weights.
  • Output: Guidelines on securitisation, covered bonds, and disclosure standards.
  • FTE: 3

• Activity 9: Analysis and operational risks

  • Promote operational risk management and supervision.
  • Output: ITS and RTS on authorisation, guidelines on audit and consolidation.
  • FTE: 8.5

• Activity 10: Structural reforms, shadow banking and large exposures

  • Support the implementation of structural reforms and provide analysis on resolution proposals.
  • Output: RTS and Guidelines on large exposures and core credit institutions.
  • FTE: 4

• Activity 11: Accounting, audit and scope of consolidation

  • Enhance communication between supervisors and auditors.
  • Output: Analysis of IFRS 9, RTS on consolidation, and guidelines on expected credit losses.
  • FTE: 2

• Activity 12: Q&As and other activities

  • Maintain the Single Rulebook Q&A tool and update technical standards.
  • Output: Q&A support and technical standard updates.
  • FTE: 5.5

B. Resolution Policy and Plans

The EBA supports the development and coordination of resolution policies and plans for failing institutions and market infrastructures:

• Activity 13: Resolution planning

  • Assist in the practical application of BRRD and DGSD.
  • Output: Training for CAs, participation in FSB work, benchmarking reports, and mediation procedures.
  • FTE: 5

• Activity 14: Resolution colleges

  • Ensure the correct functioning of resolution colleges and promote cross-border cooperation.
  • Output: Mapping of colleges, monitoring of joint decisions, and guidelines on information provision.
  • FTE: 4

• Activity 15: BRRD, DGSD and non-bank resolution initiatives

  • Promote consistent implementation of resolution policy across the EU.
  • Output: Support for non-bank resolution initiatives and cross-border cooperation.
  • FTE: 3

C. Supervisory Convergence

The EBA aims to ensure that supervisory practices across Member States are harmonised and of high quality:

• Activity 16: Recovery planning and early intervention

  • Support recovery planning and early intervention measures.
  • Output: Guidelines and reports on recovery planning and early intervention.
  • FTE: 2

• Activity 17: Supervisory convergence

  • Work on convergence of supervisory practices.
  • Output: Guidelines and reports on supervisory convergence.
  • FTE: 3

• Activity 18: Functioning of supervisory colleges

  • Monitor and improve the functioning of supervisory colleges.
  • Output: Reports and guidance on college operations.
  • FTE: 2

• Activity 19: Third countries' equivalence assessments

  • Monitor third countries' equivalence assessments.
  • Output: Reports on equivalence assessments and cooperation arrangements.
  • FTE: 2

D. Risk Analysis Across Borders and Sectors

The EBA will identify and analyse microprudential risks and vulnerabilities:

• Activity 20: Identifying and addressing risks and vulnerabilities

  • Monitor and assess risks from cross-border and sectoral developments.
  • Output: Reports and analyses on risk trends and vulnerabilities.
  • FTE: 3

• Activity 21: Consistency of RWAs

  • Ensure consistency in the calculation of risk-weighted assets (RWAs).
  • Output: Reports and analyses on RWA consistency.
  • FTE: 2

E. Supervisory Reporting and EU Data Hub

The EBA will maintain and develop the common supervisory reporting framework:

• Activity 22: Risk infrastructure and tools

  • Develop and maintain risk infrastructure and tools.
  • Output: Reports and technical standards on risk infrastructure.
  • FTE: 2

• Activity 23: Transparency

  • Enhance transparency in the banking sector.
  • Output: Reports and guidelines on transparency.
  • FTE: 2

F. Consumer Protection and Financial Innovation

The EBA will monitor financial innovation and protect consumers:

• Activity 24: Protecting consumers

  • Focus on consumer protection and the impact of financial innovation.
  • Output: Reports and guidelines on consumer protection.
  • FTE: 3

• Activity 25: Monitoring innovation

  • Monitor financial innovation and its implications.
  • Output: Reports and guidelines on financial innovation.
  • FTE: 2

G. Payment Services

The EBA will ensure secure, efficient, and easy payment services across the EU:

• Activity 26: Payments
  • Support the implementation of payment regulations and ensure compliance.
  • Output: Reports and guidelines on payment services.
  • FTE: 2

H. Internal Governance and Efficiency

The EBA will focus on its internal operations to ensure it remains a competent and professional organisation:

• Activity 27: Policy analysis and coordination

  • Support policy analysis and coordination processes.
  • Output: Policy analysis and coordination reports.
  • FTE: 2

• Activity 28: Accounting, finance and procurement

  • Improve accounting, finance, and procurement processes.
  • Output: Reports and guidelines on finance and procurement.
  • FTE: 2

• Activity 29: HR processes

  • Enhance HR processes for organisational efficiency.
  • Output: HR-related reports and guidelines.
  • FTE: 2

• Activity 30: Communication processes

  • Improve internal and external communication.
  • Output: Communication guidelines and reports.
  • FTE: 2

• Activity 31: Legal processes

  • Ensure legal compliance and support.
  • Output: Legal reports and guidelines.
  • FTE: 2

• Activity 32: IT processes

  • Enhance IT systems and processes.
  • Output: IT-related reports and guidelines.
  • FTE: 2

• Activity 33: Internal control standards (ICS) processes

  • Develop and maintain internal control standards.
  • Output: ICS-related reports and guidelines.
  • FTE: 2

• Activity 34: Corporate service processes

  • Improve corporate service processes.
  • Output: Reports and guidelines on corporate services.
  • FTE: 2

Key Information

• The EBA's work programme is based on the legal mandates outlined in Regulation (EU) No 1093/2010 and EU banking sector legislation.
• Activities are divided into strategic areas, each with specific objectives, expected results, and main outputs.
• The EBA will provide support tools such as Q&As, guidelines, and technical standards to ensure consistent implementation of regulations.
• The programme includes a focus on resolution planning, supervisory convergence, risk analysis, and internal governance.
• The EBA's activities are subject to approval by the Board of Supervisors and are based on proposals from the Management Board.