EBA欧洲银行-EBA-BSG-Final-minutes-BSG-meeting-13-December-2018_9页_347kb

EBA Banking Stakeholder Group Meeting – Final Minutes Summary

Core Content Overview

The EBA Banking Stakeholder Group (BSG) meeting took place on 13 December 2018 in London. The session covered a range of topics, including the EBA's general updates, the 2018 stress test results, regulatory deliverables, and a presentation on consumer rights in Danish mortgage lending. The meeting aimed to foster dialogue between the EBA and its stakeholders on regulatory developments and their implications for the banking sector.

Main Points and Key Information

Item 1: Welcome and Adoption of the Agenda

• The minutes of the previous meeting were approved by former BSG members.
• New members were welcomed by the EBA Chairperson.
• All BSG members introduced themselves.
• Clarifications were provided on the process for selecting the BSG chair and vice-chair, including criteria such as neutrality, time availability, and geographical and gender balance.

Item 2: EBA Update on Logistics and Roles

• The EBA provided an overview of its internal structure, decision-making bodies, and work programme.
• The role and responsibilities of BSG members were outlined.
• A reimbursement policy for BSG members was communicated, with the final guidelines expected by June 2019.
• Concerns were raised about the relocation to Paris and potential cyber risks and staff turnover.

Item 3: EBA Update on Stress Tests

• The Head of RAST presented the 2018 EU-wide stress test results, highlighting the impact on capital and the main risk drivers.
• Differences between transitional and fully loaded results were noted in relation to IFRS 9 implementation.
• BSG members expressed concerns about the methodology, particularly its impact on retail banks and the narrow sample size.
• The EBA emphasized the need for consistency and comparability in results across EU banks, while considering a degree of dynamism in future stress tests.
• The systemic dimension of the stress test was addressed, with ESRB conducting a survey on second-round effects.

Item 4: EBA Update on Other Regulatory Deliverables

• PSD2:
  • The EBA provided updates on its 12 mandates under PSD2.
  • The Guidelines on the exemption to the fallback under SCA and CSC were explained, including changes made in response to public consultation.
  • The EBA planned to establish a working group to support industry preparedness for the September 2019 deadline.
  • A register for third-party payment service providers (TPPs) would be operational by January 2019.
• ICT Risk Management Guidelines:
  • The EBA introduced new Guidelines replacing the previous ones, with broader scope including credit institutions.
  • Proportionality was considered, and there was alignment with ECB/SSM requirements.
  • A public consultation was planned for March 2019.
  • The EBA emphasized the need for harmonization between pre- and post-resolution valuations.
• Valuation for Resolution Handbook:
  • The Draft Handbook was presented, outlining three types of valuation: accounting, economic, and gone concern.
  • The Handbook aimed to support resolution authorities and did not create new rules.
  • Valuation was based on a static reference date close to the resolution decision.
  • The transfer of assets to a bridge bank should occur at disposal value.

Item 5: BSG Member Presentation on Danish Mortgage Lending

• A BSG member presented the Danish mortgage market framework, highlighting the direct link between mortgage loans and issued bonds.
• The market was viewed as transparent and customer-oriented, with competitive interest rates and prices.
• BSG members generally welcomed the presentation, noting its consumer-friendly nature.

Item 6: Agenda for the Next Meeting (AoB)

• The EBA Chairperson reminded participants of the End Term of Office report for BSG 3 and the dates of the 2019 BSG meetings.

Participants

BSG Members:

EBA Staff:

• Andrea Enria – EBA Chairperson
• Adam Farkas – EBA Executive Director
• Philippe Allard
• Angel Monzon
• Ester Botica Alonso
• Cédric Coraillon-Parquet
• Habib El Amiri
• Anna Gardella
• Viktorija Pukinskaite
• Larisa Tugui
• Nicola Yiannoulis

Conclusion

The meeting served as a platform for discussing the EBA's regulatory activities and their implications for EU banks. Key areas of focus included stress test methodologies, the impact of IFRS 9, the relocation process, and the development of new guidelines on ICT risk management and valuation for resolution. BSG members engaged in constructive dialogue, offering insights and raising concerns on various topics, emphasizing the importance of transparency, proportionality, and harmonization in regulatory frameworks.