2014年-EBA欧洲银行管理局_Summary_of_the_EBA_2013_Annual_Report_26页_1mb

Summary of the European Banking Authority Annual Report 2013

Core Content

The European Banking Authority (EBA) continued to play a crucial role in restoring trust in the EU banking system in 2013, three years after its establishment. The year marked significant progress in the development of harmonised and binding prudential rules across the EU, contributing to market discipline and financial stability.

Main Views and Key Information

1. Building the Single Rulebook

• The EBA made strong progress in developing the single rulebook, which aims to harmonise prudential rules for banks across the EU.
• In 2013, the EBA was tasked with developing technical standards and advising the European Commission on the implementation of Basel III through the revised Capital Requirements Directive (CRD IV) and Regulation (CRR).
• The EBA also began work on recovery and resolution frameworks, in anticipation of the Bank Recovery and Resolution Directive (BRRD).

2. Developing Technical Standards

• The EBA drafted technical standards on bank capital, enhancing clarity on the definition of capital and its disclosure.
• It introduced a common reporting framework, which will improve supervisory reporting and IT infrastructure across EU banks.
• The EBA issued technical standards on market risk, including the treatment of non-delta risks for options and definitions of the term 'market'.
• A quantitative impact study (QIS) was conducted to calibrate the approach for prudent valuation of fair-valued positions.

3. Increased Focus on Recovery and Resolution

• The EBA intensified its focus on recovery and resolution in preparation for the BRRD.
• It issued recommendations on recovery plans and conducted consultations on three draft regulatory products.
• The EBA will prepare final regulatory products on recovery planning shortly after the BRRD's publication in 2014.

4. Proportionality Principle

• The EBA is committed to ensuring proportionality in the single rulebook, acknowledging the diversity of the EU banking system.
• A workshop on proportionality measures was held in October 2013.

5. Single Rulebook Q & A Process

• A Q&A tool was launched in 2013 to assist national supervisory authorities and financial institutions in understanding the rules.
• This tool supports consistent implementation of the CRD IV/CRR.

6. Providing Technical Advice to the European Commission

• The EBA provided technical advice on liquidity coverage requirements (LCR) and high-quality liquidity assets (HQLAs).
• It also contributed to discussions on the prudential filter for unrealised gains and developed reports on securitisation and covered bonds.

7. Fostering Supervisory Convergence

• The EBA focused on ensuring consistent application of prudential rules across the EU.
• It conducted benchmarking exercises and published several important studies on IRB capital requirements, low default portfolios, and the variability of RWAs.
• The EBA worked on improving the efficiency of supervisory colleges and will collaborate with the Single Supervisory Mechanism (SSM) in 2014.

8. Increasing Transparency and Restoring Confidence

• The EBA published data on 64 EU banks, including capital, RWAs, and sovereign exposure, to enhance transparency.
• It promoted consistent disclosure of capital and risk information, contributing to market discipline.
• The EBA issued a recommendation to preserve core tier 1 (CT1) capital during the transition to CRD IV.

9. Protecting Consumers and Monitoring Financial Innovation

• The EBA focused on consumer protection, particularly in mortgage lending and payment services.
• It published opinions on good practices for responsible mortgage lending and the treatment of borrowers in payment difficulties.
• The EBA issued a consumer trends report and highlighted concerns such as foreign currency loans, payment protection insurance, and virtual currencies.

10. Policy Analysis and Coordination

• The EBA ensured the quality of its regulatory products through internal evaluation and stakeholder consultation.
• It organised training events and conducted peer reviews to promote a common supervisory culture.
• The EBA engaged with non-EU countries and international bodies like the BCBS, FSB, and IMF.

11. Operations Highlights

• Financial Management: The EBA improved financial resource management, achieving a budget execution rate of 90% in 2013.
• Human Resources: The staff increased to 124, with 25 temporary agents and 10 seconded national experts.
• Communication: A redesigned website was launched in June 2013, enhancing user experience and information accessibility.
• Information Technology: A major IT infrastructure project was completed, forming the basis for current and future IT services.
• Internal Control: The EBA made visible progress in implementing internal control standards, with an action plan to address recommendations.

Key Activities in 2013

• Published 2013 risk assessment report and consumer trends report.
• Conducted a QIS on prudent valuation and stress tests.
• Launched a Q&A tool and a redesigned website.
• Published guidelines on retail deposits, variable remuneration, and capital measures.
• Issued warnings on virtual currencies and contracts for difference.
• Conducted peer reviews and consultations on various regulatory topics.

Conclusion

The EBA's 2013 activities were focused on implementing the single rulebook, enhancing supervisory convergence, increasing transparency, and protecting consumers. These efforts aimed to restore confidence in the EU banking system and ensure its stability and resilience in the post-crisis environment.