EBA欧洲银行-EBA-BS-2015-332rev1-28Final-Minutes-BoS-8-Sept.-201529_12页_362kb

EBA Board of Supervisors – Final Minutes (08 September 2015)

Core Content

The EBA Board of Supervisors (BoS) convened in London on 08 September 2015 to review various agenda items, including the evaluation of the EBA Chairperson and Executive Director, updates on risk and transparency exercises, and decisions on regulatory templates and work programs. The meeting concluded with several key decisions and recommendations for further actions.

Main Agenda Items and Outcomes

1. Evaluation of the EBA Chairperson and Executive Director's First Terms of Office

• The alternate Chairperson opened the session and invited the BoS to comment on the draft evaluation of the Chairperson and Executive Director.
• The BoS widely supported the draft evaluation and endorsed it.
• The BoS decided to extend the terms of both the Chairperson and the Executive Director for an additional five years.
• A letter was sent to the European Parliament to inform it of the decision, with a hearing for the Chairperson likely to be held in October or November 2015.

2. Welcome, Approval of Agenda and Minutes

• The Chairperson informed the BoS of changes to its membership, including the addition of new members from Greece and Hungary, and the departure of the Liechtenstein observer.
• The BoS approved the draft minutes of the June 2015 meeting.

3. Election of SCRePol co-Chair

• Two candidates applied for the co-chair position of the Standing Committee on Regulation and Policy (SCRePol).
• The BoS elected Ms Sasha Mills (official alternate from the UK’s PRA) as co-Chair for a renewable two-year term.
• An amendment to the ResCo Decision was proposed to allow observers to become Chair, and the BoS invited a written procedure for approval.

4. Update on Risks and Vulnerabilities

• The EBA Director of Oversight presented updates on risks and vulnerabilities, including non-performing loans (NPL) and forbearance loans.
• Significant differences in NPL and forbearance ratios were observed across countries.
• The BoS agreed to proceed with the publication of individual data on NPEs after further data quality checks.

5. Update on Transparency Exercise 2015

• The BoS agreed to publish individual data on NPEs after further data quality checks.
• The sample for the 2016 EU-wide stress test would not be affected by the 2015 transparency exercise.

6. CRDIV-CRR/Basel III Monitoring Exercise Reports

• The BoS approved the report, with a suggestion to conduct an impact analysis (IA) on the CRDIV-CRR framework.
• The report included an explanation about the impact of national floors and a clarification on the LCR analysis.

7. Draft Opinion on RTS on Mortgage Lending Value

• The draft opinion suggested legislative changes to exclude covered bonds from the scope of the draft RTS.
• The BoS rejected the draft RTS and requested a revised version incorporating legal review comments.

8. Final draft RTS on CSDs' Capital Requirements

• The BoS rejected the draft RTS on CSDs' capital requirements and requested a revised version.
• Members had divergent opinions on maintaining references to country risk, relevant currencies, and the time horizon for intraday liquidity management.

9. Draft RTS on Assessment Methodology for IRB Approach

• The BoS approved the draft RTS, supporting the peer review approach for convergence of assessment methodologies.
• They requested alignment with the CRR and the inclusion of a cross reference to the definition of default.

10. Guidance Note on Call for Advice on the Prudential Regime for Investment Firms

• The BoS supported the policy proposal and the new categorisation of investment firms.
• They welcomed a more risk-sensitive approach and suggested market integrity and orderly wind-down as key objectives.

11. Draft Consultation Paper on Guidelines on Default of an Obligor

• The BoS supported the publication of the consultation paper and the QIS.
• They expressed concerns about the three-month probation period and the SCRA criterion.

12. EBA's Response to Commission's Proposed Amendment to the draft ITS on Liquidity Additional Monitoring Metrics

• The BoS expressed dissent with the Commission's proposed amendment to remove the maturity ladder from the ITS.
• They requested the EBA to draft an opinion for the Commission, justifying the need to maintain the maturity ladder.

13. PRIIPs Update

• The BoS took note of the progress on the draft consultation paper for PRIIPs.
• Agreement was reached on most issues, with compromise solutions emerging for open topics.

14. EBA 2016 Work Programme

• The Executive Director presented the 2016 Work Programme, defined under 8 strategic areas and 34 activities.
• Members requested a list of EBA own-initiative activities and a discussion on increasing training activities.
• The MB would review the work programme in September 2015, and the BoS would discuss it again once the budget was finalized.

Key Information and Decisions

• The BoS generally supported the EBA's work and proposed changes, with a focus on ensuring consistency, transparency, and regulatory effectiveness.
• Several decisions were deferred for further written procedures or consultations.
• The EBA was tasked with preparing opinions and draft responses for the Commission, with a focus on legislative and methodological changes.
• The 2016 Work Programme was to be resubmitted for BoS approval after budgetary considerations.

Conclusion

The meeting concluded with a range of decisions and recommendations, emphasizing the importance of regulatory coherence, data quality, and the need for legislative and methodological improvements. The BoS remained actively involved in the EBA's decision-making process and will continue to provide oversight and guidance on upcoming regulatory initiatives.