EBA欧洲银行-EBA-BSG-2016-012-28Draft-minutes-Feb-201629_10页_220kb

EBA BSG Meeting Summary – 16 February 2016

Core Content

The Banking Stakeholder Group (BSG) held a meeting on 16 February 2016 in London, marking the last session under the current composition before the end of BSG II's mandate on 14 April 2016. The meeting focused on reviewing recent developments, discussing the End of Term of Office Report (ETOR), providing updates on the BSG Proportionality Report, reviewing technical working group activities, and updating members on various EBA projects and initiatives.

Main Points

Item 1: Welcome and Approval

• The BSG Chairperson welcomed members and confirmed the approval of the agenda and minutes.

Item 2: BSG Update on Developments

• Proportionality Report: The report was presented in Brussels on 15 January 2016 and received strong support from the European Commission. It was also submitted as a restructured version to the Commission's Call for Evidence on the EU regulatory framework for financial services.
• End of Term of Office Report (ETOR):
  • Members suggested greater proactivity and earlier contributions to influence EBA's regulatory output.
  • The report should include a list of critical issues for BSG III and mention the BSG's work on payments and digitalisation.
  • The Chairperson proposed redrafting the report after collecting member inputs and circulating it for final review.
• Unallocated EBA Consultation Papers:
  • No opinion was submitted on EBA/CP/2015/24 and EBA/CP/2015/25.
  • EBA/CP/2016/01 was allocated to Emilios Avgouleas.
  • Members highlighted the importance of EBA/CP/2015/26 (ICAAP/ILAAP) and EBA/CP/2015/28 (stress testing).

Item 3: EBA General Developments

• End of BSG II Mandate: The mandate ends on 14 April 2016, and members are expected to continue responding to EBA papers.
• New BSG Composition: The BoS had approved the proposed new members, pending their confirmation.
• CVA and AML Policies:
  • EBA provided updates on CVA for exposures in structures with underlying risks.
  • The EBA policy on applying AML measures to refugees was discussed.
  • An ITS on mapping external credit assessments was introduced.

Item 4: EBA Update on 2016 ESAs' Consumer Day

• The next Consumer Day is scheduled for September 2016 in Paris.
• Members suggested greater consumer involvement and focus on enforcement of post-crisis legislation.
• EBA is working on improving consumer representation in coordination with ESMA and EIOPA.

Item 5: EBA Other Work Updates

• MDA Opinion:
  • The EBA aimed to harmonise the approach of CAs and clarify the framework.
  • Concerns were raised about the impact on total capital and transparency.
  • The EBA clarified that Article 141 refers to CET1 and that deviations from CRD rules are not allowed.
• SME Lending Report:
  • SMEs remain heavily reliant on bank finance.
  • The report found mixed results on the consistency of the SME Supporting Factor with riskiness.
  • Data collection on SMEs was identified as a key priority.
• Leverage Ratio Calibration Report:
  • The EBA planned to group banks into business model categories.
  • Concerns were raised about transparency and the backstop nature of the Leverage Ratio.

Item 6: EBA Updates on Other Work

• Danish Resolution Authority Experience:
  • Two resolution authorities operate in Denmark under BRRD.
  • A case study on Andelskassen J.A.K. Slagelse was presented.
  • Issues around coordination, branch management, and critical functions were discussed.
• BCBS Consultation on Standardised Approach for Credit:
  • The BSG decided to respond to the BCBS consultation.
  • The response would be submitted as an independent BSG opinion, not an EBA contribution.

Key Information

• BSG II Mandate: Ends on 14 April 2016.
• Proportionality Principle: Strong support from the European Commission; ongoing work to better implement it.
• Consumer Focus: Increased interest in consumer-related issues and enforcement of post-crisis legislation.
• Data Collection: Emphasis on improving data on SMEs and the SME Supporting Factor.
• Policy Influence: Suggestions for earlier intervention in the policy-making process to influence regulatory outcomes.
• Leverage Ratio Calibration: Banks will be grouped into categories based on business models, with definitions disclosed but individual classifications kept confidential.

Participants

From the BSG

• Mike Dailly (Consumer)
• Emilios Avgouleas (Academic)
• Anne Fily (Consumer)
• Sandra Hafner (Credit and investment institutions)
• Alin Eugen Iacob (User of banking services)
• Chris De Noose (Credit and investment institutions)
• Arnold Kuijpers (Credit and investment institutions)
• Zdenek Hustak (Academic)
• Nikolaos Daskalakis (SMEs)
• Nina Legend (Academic)
• Louise Lindgren (Credit and investment institutions)
• Jesper Bo Nielsen (Employee)
• Michel Bilger (Credit and investment institutions)
• Robin Jarvis (Consumer)
• José Antonio Gonzalo-Angulo (Academic)
• Fernández de Lis (Credit and investment institutions)
• Santiago (–)
• Troels Holmberg (Consumer)
• Bostjan Krisper (User of banking services)

Absent Members

• Holger Schwannecke (SMEs)
• Ute Meyenberg (Employee)
• Javier Contreras (Consumer)
• Roberto Priester (Credit and investment institutions)
• Sabine Masuch (Credit and investment institutions)
• John Hollows (Credit and investment institutions)

From the EBA

• Adam Farkas – Executive Director
• Dirk Haubrich
• Corinne Kaufman
• Mario Quagliariello
• Marina Cernov
• Cédric Coraillon-Parquet
• Gerbert de Jong
• Alessandro Nardi

Conclusion

The meeting underscored the BSG's role in shaping regulatory outcomes, the importance of proportionality in banking regulation, and the need for improved data collection and transparency. It also highlighted ongoing efforts by the EBA to address key challenges in SME lending, leverage ratio calibration, and consumer protection.