EBA欧洲银行-EBA-MB-2015-037rev2-28Final-Minutes-MB-18-March-201529_7页_315kb

EBA Management Board Final Minutes – 18 March 2015

Core Content Overview

The EBA Management Board (MB) meeting on 18 March 2015 covered various administrative, strategic, and operational updates, including budget status, office solution closure, IT strategy, communication, and future planning. The MB also discussed the upcoming BoS away day and potential joint meetings with other EU institutions.

Main Points and Key Information

Agenda Item 1: Opening and Approval of Agenda and Minutes

• The provisional agenda was approved.
• The draft minutes of the previous MB meeting (27 January 2015) were approved.

Agenda Item 2: Administrative and Operational Status Report

• The EBA Director of Operations presented the status report, highlighting:
  • Budget execution to date.
  • Impact of the EUR/GBP exchange rate drop (8% since December 2014) on expenditure, especially staff and rental costs.
  • Efforts to offset this impact through savings in other budget lines.
  • Anticipation of salary corrections by mid-2015 to assess the need for a budget amendment.
  • Approval of the preliminary draft budget 2016 by the Board of Supervisors (BoS) and its submission to DG FISMA.
  • Establishment of a new Resolution Unit.

Agenda Item 3: EBA Long-Term Office Solution – Closure Report

• The Executive Director presented the closure report.
• The only outstanding cost item was dilapidations.
• Negotiations with the former premises' landlord were expected to conclude soon.
• Final dilapidation costs would be communicated to the MB via written procedure.
• Surplus from dilapidations savings would be refunded to CAs and the EU via the 2016 EBA budget.
• The project was not subject to separate formal reporting, but would be reviewed in the annual discharge process by the European Parliament (EP).

Agenda Item 4: IT Strategy 2012-2014 Closure Report

• The IT strategy for 2012-2014 was successfully completed within budget and on time.
• A new IT strategy for 2015-2018 would be submitted to the MB and BoS.
• New controls enabled CAs a 6-month implementation period for new taxonomies.
• Postponement of DPM and validation rules work due to resource constraints.
• Request to keep the BoS informed of IT developments and to conduct a lessons-learnt discussion with CA representatives.

Agenda Item 5: Communication Strategy

• The Executive Director presented the external communication strategy.
• Concerns were raised about reaching national/local media to increase EBA's profile.
• Proposal to involve the relevant BoS Member in local speaking/media opportunities.
• The Commission representative supported the idea and suggested aligning with DG FISMA's communication activities.
• The MB endorsed the communication strategy.

Agenda Item 6: Decision on the EBA Nursery Contribution

• A revised decision on nursery cost contributions was presented.
• The nursery cost threshold was raised based on the 2014 Childcare Costs Survey.
• Both decisions were approved by the MB.

Agenda Item 7: Renaming of the Consumer Protection and Financial Innovation Unit

• The Unit was renamed to "Consumer Protection, Financial Innovation, and Payments."
• The rationale was the increasing number of mandates related to payments.
• The MB approved the renaming.
• One Member suggested increasing staffing to reinforce payment expertise.

Agenda Item 8: Draft Cooperation Framework Arrangements (FCA) with Third-Country Authorities

• A draft FCA under the BRRD was presented, focusing on information sharing and cooperation.
• The MB requested alignment with the FSB's approach and consultation with the BoS before discussions with third countries.
• Key issues included:
  • Equivalence assessment for professional secrecy to cover resolution authorities.
  • Balancing provisions on resolution and recovery.

Agenda Item 9: BoS Away Day – 9-10 July 2015

• The MB discussed potential topics for the away day, including:
  • Market-based financing in Europe vs. the US.
  • Internal models and stress tests.
  • Specific topics raised by the Standing Committee.
• The Chairperson proposed a one-day conference followed by a half-day reflection session for the EBA's 5th anniversary.
• The MB agreed to organise the conference in the last quarter of 2015, possibly with a local authority or CAs due to budget constraints.

Agenda Item 10: BoS/BSG Joint 28 April Meeting

• The BSG proposed topics such as securitisation, shadow banking, and the Capital Markets Union.
• The MB suggested including discussions on:
  • Comparability of IRB models vs. standardised approach.
  • Securitisations and market conditions.
  • Capital raising ease.

Agenda Item 11: AoB (Other Business)

• The Chairperson reported on invitations to workshops and meetings:
  • SSM workshop on Pillar 2 buffers (17 March 2015).
  • SSM workshop on national discretions (April 2015).
  • SRB's first plenary meeting and bilateral meetings with SRB officials.

Conclusion

The MB took note of the various reports and approved key decisions, including the renaming of the Consumer Protection Unit, nursery cost threshold adjustments, and the organisation of an EBA conference. The MB also endorsed the communication strategy and supported the BoS in their upcoming meetings and away day. The agenda for the BoS away day and joint meetings was prepared based on the discussions.