EBA欧洲银行-2017-EBA-Work-Programme_38页_1mb

EBA 2017 Work Programme Summary

Core Content

The European Banking Authority (EBA) 2017 work programme outlines the strategic objectives and activities for the EBA to support the EU banking sector over the 2017-2020 period. It is designed to ensure the consistent application of prudential rules, enhance financial stability, and promote consumer protection across the EU. The programme is structured around seven strategic areas and includes a reprioritisation exercise due to a budget cut.

Main Strategic Areas and Activities

1. Regulation and Policy Framework – Single Rulebook

• Description: The EBA aims to develop and maintain a unified regulatory framework across the EU banking sector, taking into account the diverse structures of banks in both Euro and non-Euro areas.
• Expected Results: Ensuring consistent application of the Single Rulebook and promoting proportionality in regulatory requirements.
• Main Outputs:
  • Monitoring of capital quality and reporting;
  • Guidelines on internal governance and remuneration;
  • Reports on AML/CFT compliance;
  • Regulatory technical standards (RTS) on leverage ratio and disclosure;
  • Updates on credit risk models and market risk guidelines.

2. Crisis Management

• Description: The EBA is tasked with promoting efficient and coordinated crisis management for credit institutions, investment firms, and financial market infrastructures.
• Expected Results: Enhancing resolution practices and ensuring harmonised application of prudential rules during crisis situations.
• Main Outputs:
  • Resolution policymaking and oversight;
  • Development of guidelines for deposit guarantee schemes;
  • Analysis of resolution frameworks and their implementation.

3. Supervisory Convergence

• Description: The EBA seeks to align supervisory methodologies and practices across the EU to ensure consistent regulatory and supervisory implementation.
• Expected Results: Promoting a unified approach to supervisory practices and resolution frameworks.
• Main Outputs:
  • Guidelines on recovery planning and early intervention;
  • Training for supervisors;
  • Assessments of third countries' equivalence in AML/CFT standards.

4. Risk Analysis and Trends

• Description: The EBA identifies and analyses microprudential risks and trends across borders and sectors.
• Expected Results: Enhancing risk awareness and addressing vulnerabilities through regular assessments and thematic analyses.
• Main Outputs:
  • Regular risk assessment reports;
  • Thematic analyses of potential risks;
  • Monitoring consistency of risk-weighted assets (RWAs).

5. Supervisory Reporting and Data Hub

• Description: The EBA maintains and develops a common supervisory reporting framework, acting as the EU data hub for banking data.
• Expected Results: Strengthening the reporting framework and ensuring transparency in data collection and dissemination.
• Main Outputs:
  • Risk infrastructure and tools development;
  • Transparency initiatives and reporting standards.

6. Consumer Protection and Financial Innovation

• Description: The EBA focuses on protecting consumers, monitoring financial innovation, and ensuring secure retail payments.
• Expected Results: Enhancing consumer protection and promoting secure, efficient, and easy retail payment systems.
• Main Outputs:
  • Reports on consumer detriment;
  • Monitoring of financial innovation (e.g., virtual currencies, crowdfunding);
  • Contributions to retail payment systems under PSD2.

7. Organisational Competence and Efficiency

• Description: The EBA aims to be a competent, responsible, and professional organisation with effective corporate governance.
• Expected Results: Ensuring efficient internal processes and professional standards.
• Main Outputs:
  • Policy analysis and coordination;
  • HR and IT processes;
  • Legal and accounting procedures;
  • Internal control standards.

Key Challenges and Priorities

• Monitoring the Single Rulebook: The EBA must ensure consistent application and address complexity in regulatory requirements, particularly for banks with simple business models.
• Adjusting Balance Sheets: Banks need to actively manage non-performing assets and align with new BRRD requirements.
• Digital Banking and Consumer Protection: The EBA must adapt to technological innovation and enhance consumer protection, especially with the implementation of PSD2.
• Regulatory Reprioritisation: Due to budget constraints, the EBA has initiated a reprioritisation exercise to align its activities with the 2017 budget.

Key Information and Reforms

• The EBA is involved in the review of the CRR and the consequences of Basel Committee revisions, particularly regarding the trading book.
• Implementation of the Total Loss-Absorbing Capacity (TLAC) and Minimum Requirement for Own Funds and Eligible Liabilities (MREL) is a priority.
• The EBA is working on the securitisation framework as part of the Capital Markets Union (CMU) initiative.
• The EBA is also contributing to the development of a common understanding of AML/CFT risk-based approaches and promoting supervisory cooperation across the EU.

Key Performance Indicators (KPIs)

• KPIs are included for each strategic area to measure progress towards achieving the EBA's objectives.
• These KPIs are used to evaluate the EBA's contribution to financial stability, consumer protection, and the orderly functioning of the banking sector.

Conclusion

The EBA 2017 work programme reflects its mission to build a unified regulatory and supervisory framework for the EU banking sector. It outlines a comprehensive set of activities and strategic priorities, while also addressing the challenges posed by regulatory complexity, digital banking, and the need for organisational efficiency. The programme is dynamic and responsive to legislative changes and evolving financial landscapes.