EBA欧洲银行-EBA-BS-2012-214-Rev1Joint-BSG_BoS-meeting-25-September-2012-_4页_179kb

Joint Board of Supervisors/ Banking Stakeholder Group Meeting Summary

Meeting Details

• Date: 25 September 2012
• Time: 09:00 to 12:30
• Location: EBA (European Banking Authority)
• Agenda Items: Opening and approval of the agenda, BSG activities, Liquidity, Funding and Capital challenges, EBA's role in Banking Union, Consumer Protection priorities, and Any Other Business.

Core Content and Key Points

Agenda Item 1: Opening and Approval of the Agenda

• The meeting commenced with the EBA Chairperson and BSG Chair welcoming attendees.
• The agenda was approved, and the minutes from the previous joint meeting (8 February 2012) were also approved.

Agenda Item 2: Report on the Activities of the BSG

• The BSG has established four working groups: Capital, Liquidity, Financial Stability, and Consumer Protection.
• The BSG has provided opinions on EBA's regulatory consultations and is committed to continuing this collaboration.
• The group values diverse perspectives and aims to contribute meaningfully to EBA's work.

Agenda Item 3: Challenges and Changes to Liquidity, Funding and Capital

• Louise Lindgren (BSG Capital Working Group Chair) emphasized the interdependencies between regulations (CRD, CRR, Solvency II, etc.) and the need for managing their aggregated consequences.
• She raised concerns about the proportionality for smaller banks and proposed a phased approach for reporting requirements (e.g., large exposure, leverage ratio, loss reporting).
• Andrea Resti (BSG Liquidity Working Group Chair) discussed the Liquidity Coverage Ratio (LCR), advocating for a recalibration of the ratio to reflect market liquidity changes.
• He stressed the importance of transparency in liquidity reporting and the sharing of anonymized data between EBA and BSG.
• Mattias Dewatripoint (EBA BoS Member) highlighted the Basel Committee's work on liquidity standards, focusing on reducing central bank reliance and promoting self-insurance.
• He raised concerns about the narrowness of buffers and the sovereign focus, suggesting more work is needed on their usability.
• BoS Members expressed concerns about the concentration of liquid assets.
• BSG Members highlighted issues such as uncertainty in bail-in treatment, lack of transparency, and potential runs on banks due to full disclosure. They also mentioned the impact on employee welfare and the importance of diversity in the banking sector for financial stability and consumer benefit.

Agenda Item 4: The Role of the EBA in a Banking Union & State of Play in EU Banking

• Sony Kapoor (BSG Chair) expressed broad support for the Banking Union proposal but raised concerns about implementation details, including the phasing in period and the scope of the proposal.
• He emphasized the need to balance the integrity of the Single Market with Eurozone supervision and the importance of EBA's role in this context.
• Daniel Gros (BSG Member) questioned the EBA's ability to mediate conflicts between national and European perspectives, particularly regarding resolution of banks and haircuts on creditors.
• Matthew Elderfield (EBA Vice Chair) called for a pragmatic approach to Banking Union rollout, suggesting it should start with programme countries and then expand to systemic banks.
• He argued that ECB should cover all banks, as small banks can have systemic implications, and that centralization of supervision should not be immediate.
• Concerns were raised about the ECB's ability to make quick decisions in crisis, the culture of merging supervisors, and the financing of Eurozone supervision.
• Martin Anderson (EBA BoS Member) highlighted the need to be mindful of contingent liabilities in case of bail-outs.

Agenda Item 5: Consumer Protection Priorities and Cross Cutting Themes

• Robin Jarvis (BSG Consumer Working Group Chair) outlined key consumer protection issues: consumer debt, mis-selling, responsible lending, trust, and trends.
• The BSG proposed collaboration with EBA's Standing Committee on Consumer Protection and Financial Innovation, as well as the Consumer Protection Unit.
• Sharon Donnery (EBA Sub Group Chair on Consumer Protection) noted the differences in consumer protection issues across Member States, with some facing Payment Protection challenges.
• EBA's focus is on mortgages, responsible lending, and managing mortgage arrears.
• The EBA Executive Director mentioned ongoing work on PRIPs, product governance, and complaints handling to address consumer concerns early.
• BSG Members referenced past experiences of consumer detriment, including mis-selling and forbearance.

Agenda Item 6: Any Other Business

• The BSG Chair thanked the EBA Board of Supervisors for their open dialogue.
• The EBA Chair acknowledged the BSG's contributions and expressed appreciation for their input.