EBA欧洲银行-European-Court-of-Auditors2720report-on-the-2011-annual-accounts-of-the-European-Banking-Authority-_6页_1mb

报告摘要

Summary of the European Banking Authority Annual Accounts Report for the Financial Year 2011

Introduction

The European Banking Authority (EBA) was established by Regulation (EU) No 1093/2010 and began operations on 1 January 2011 in London. Its main objectives include:

Contributing to the establishment of high-quality common regulatory and supervisory standards.
Ensuring consistent application of legally binding Union acts.
Facilitating task delegation among competent authorities.
Monitoring and assessing market developments.
Fostering depositor and investor protection.

Statement of Assurance

The European Court of Auditors conducted an audit of the EBA's annual accounts for the financial year ended 31 December 2011, in accordance with IFAC International Standards on Auditing and INTOSAI International Standards of Supreme Audit Institutions. The audit confirmed:

The annual accounts present fairly, in all material respects, the EBA’s financial position, results of operations, and cash flows.
The transactions underlying the accounts are legal and regular in all material respects.

The comments included in the report do not challenge the Court’s opinions, but are contextualized within the EBA’s transition from the predecessor Committee of European Banking Supervisors (CEBS).

Comments on Budgetary and Financial Management

The budget commitment rate for 2011 was 71%, with Title II (Administrative expenditure) at 57% and Title III (Operational expenditure) at 46%, indicating low budget execution rates.
The budget execution was 12.7 million euro, with 60% funded by Member States and EFTA countries, and 40% by the Union budget.
The budget outturn was positive by 3.6 million euro, which was recorded as a liability towards the European Commission.
Weaknesses were noted in three legal commitments totaling 742,000 euro, which were made in advance of budget commitments.

Comments on Key Controls of Supervisory and Control Systems

The accounting system of the EBA was not yet validated by the Accounting Officer, as required by the Financial Regulation.

Other Comments

Procurement procedures were not fully consistent with EU procurement rules, with 299,182 euro in contracts launched under national rules.
Recruitment procedures lacked transparency, as selection criteria weightings and threshold scores were not set before application reviews.
In one selection process, the grade allocation was not aligned with the vacancy notice.

Products and Services in 2011

Conducted an EU-wide stress test of 90 banks across 21 countries, with results published in July 2011.
Published bank recapitalization recommendations in December 2011.
Organized 54 Supervisory College meetings.
Provided informal technical advice to the European Commission on CRD/CRR and other legislative proposals.
Issued guidelines on internal governance and data collection on remuneration practices.
Implemented an analysis study on CEBS Guidelines on remuneration policies and practices.
Submitted technical opinions on the EU framework for bank recovery and resolution.
Commented on IASB proposals regarding draft IFRS and IAASB proposals on draft International Standards on Auditing.
Established a new Standing Committee for Financial Innovation.
Organized 7 road shows and 9 training sessions for national supervisory authorities.
Conducted over 180 meetings with external participants.

The Authority's Replies

The EBA acknowledged the challenges of its first year, including late publication of its Founding Regulation on 15 December 2010, which affected staff recruitment and work programme implementation.
The EBA agreed that its Financial Regulation did not fully reflect its financing structure, and the three ESAs are working with the European Commission to find a long-term solution.
The EBA acknowledged IT weaknesses in the early months of its establishment, which were addressed in the third quarter of 2011 with the strengthening of the IT team.
The validation of the accounting system was delayed due to exceptional workload and will be completed in 2012.
The EBA inherited procurement arrangements from CEBS Secretariat Ltd and admitted to non-compliance with EU procurement rules in 2011. A procurement plan has been created, and correction of non-compliance is a key objective for 2012.
The EBA has implemented selection criteria weightings and threshold scores for suitable candidates, ensuring they are set before application reviews.

Conclusion

The EBA faced several challenges in its first year, particularly in budget execution, IT development, and procurement compliance. Despite these, it has made progress in fulfilling its core mission, including the establishment of a central database and enhancing supervisory standards. The Court of Auditors has confirmed the reliability of the accounts and the legality and regularity of the transactions, while highlighting areas for improvement and correction.