EBA欧洲银行-EBA-BSG-2013-64-Rev1-28Minutes-BSG-30-October-201329_11页_198kb

Banking Stakeholder Group Meeting - Summary

Meeting Overview

• Date: 30 October 2013
• Time: 09:30 to 17:00
• Location: EBA
• Chairperson: EBA Executive Director (until item 4)
• BSG Chairperson: David Llewellyn
• BSG Vice-Chairperson: Andrea Resti

Core Content and Key Topics

Agenda Item 1: Welcome and Approval of Agenda

• The EBA Executive Director chaired the meeting due to the absence of the EBA Chairperson.
• The new BSG composition was welcomed.
• The BSG approved the draft agenda.

Agenda Item 2: Introduction of BSG Members

• Members introduced themselves, outlining their professional backgrounds and expectations.
• CVs were already uploaded on the EBA website.

Agenda Item 3: Revised Rules of Procedure (RoP)

• The BSG discussed and agreed on revised RoP, aligning with changes by EIOPA and ESMA.
• Key Changes:
  • Clarification on the removal of a BSG member due to professional changes or conflicts of interest.
  • Updated rules for the appointment of a new Chairperson.
  • Conflicts of interest must be highlighted in the RoP if they relate to a specific entity or role.
  • The threshold for consecutive missed meetings was increased from 2 to 3.
  • Confidentiality rules: Unpublished documents from the EBA cannot be shared with the public, but may be shared within the member’s organisation with technical experts.
  • Reimbursement eligibility: Only certain categories of BSG members are eligible for reimbursement, in line with Article 37(4) of the EBA Regulation.

Agenda Item 4: Election of Chairperson and Vice-Chairperson

• Nominations were received in advance and during the meeting.
• Elected Members:
  • Chairperson: David Llewellyn
  • Vice-Chairperson: Andrea Resti
• All members were required to vote via secret ballot.

Agenda Item 5: Introduction to EBA and Consultation Practices

• The EBA presented its role, tasks, and consultation processes.
• The EBA outlined its work on the Single Rule Book, including:
  • Binding Technical Standards (BTS)
  • Consumer protection
  • Risk assessment
  • Supervisory colleges
  • Crisis management
  • Breach of Union law
  • Risk dashboard and stress testing
• BSG members requested:
  • Enhanced stakeholder access to public hearings
  • Listing BSG opinions first on the EBA website in consultation responses

Agenda Item 6: Housekeeping and Practical Matters

• Practical matters included:
  • Access to the EBA Extranet
  • Reimbursement policy for eligible members
  • Submission of completed financial forms
  • Reimbursement claims must be submitted within 30 days of the meeting end date

Agenda Item 7: Update on Regulatory Developments

i. EBA Chairperson's Update

• Asset Quality Review (AQR): EBA recommended AQRs for major EU banks to assess asset classifications and valuations.
• Stress Test Timing: The 2014 EU-wide stress test will be delayed until after AQRs are completed.
• Disclosure: EBA will provide EU banking sector exposure data in the second half of 2013 for transparency.
• ESFS Review: EBA will raise concerns regarding Art 9(5), Art 18 and Art 1(2) of the EBA Regulation.

ii. 2014 Work Programme

• The EBA's 2014 work includes:
  • CRD IV/CRR package (48 RTS, 23 ITS, 7 Guidelines, 9 Reports, 5 Opinions, 2 Notifications)
  • RRD-related tasks (23 BTS, 5 Reports, 4 Framework Agreements)
• EBA will focus on:
  • Risk assessment and SREP guidelines
  • Business models of banks
  • Consumer protection and financial innovation
  • Liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)
  • SME and trade financing (TF)
• BSG was asked to prioritise its work and suggest topics for Technical Working Groups.

iii. EBA's Regulatory and Oversight Work

• LEI Recommendation (EBA CP 2013 42):
  • The EBA is developing a recommendation on Legal Entity Identifiers (LEIs) based on FSB and G20 initiatives.
  • The EBA seeks BSG opinion by 28 November 2013.
• Consumer Protection:
  • The EBA is involved in consumer protection, especially regarding mortgages, personal loans, and payment services.
  • BSG members requested translation of the consumer section on the EBA website into other languages.
  • BSG members were reminded to submit input on consumer trends by 01 November 2013.
• Liquidity Measures:
  • The EBA presented impact assessment reports on liquidity measures under Article 509(1) and (3) of the CRR.
  • Key findings:
    • Credit quality significantly affects liquidity.
    • Sovereign bonds are more liquid than other public sector debt.
    • Covered bonds show better liquidity due to regulatory features.
    • ABS and RMBS are the most liquid sub-classes.
    • No reliable metrics for equity liquidity.
    • No data on credit claims suggests they should not be classified as liquidity assets.
  • The EBA will report to the Commission on the LCR's impact by 31 December 2013, with final reports due in November and December.

Agenda Item 8: BSG Working Groups

• The BSG was encouraged to establish Technical Working Groups.
• Suggestions included:
  • Recovery and Resolution
  • Asset Quality Review and Risk Weighted Assets
  • Governance and Controls
  • Stress Testing, Systemic Issues, Leverage Ratio
• Some members preferred consumer protection as a general theme rather than a dedicated group.
• The BSG may form Standing or Ad Hoc groups based on specific initiatives.
• EBA Staff will circulate an overview of the EBA's working group structure.

Agenda Item 9: Next Meetings

• 2014 Meeting Dates:
  • 06 March 2014
  • 12/13 May 2014
  • 26 June 2014
  • 18 September 2014
  • 09/10 December 2014
• A joint meeting with the Board of Supervisors (BoS) is planned for December 2013 in London.

Agenda Item 10: Agenda for Future Meetings (AOB)

• BSG members were invited to suggest future agenda items for the BSG Chairperson and EBA Staff.
• EBA Staff will circulate a list of contact details for BSG members.