EBA欧洲银行-EBA-BS-2018-007rev1-28Final-Minutes-BoS-11-December-2017-for-publication29_12页_448kb

Summary of EBA BS 2018 007rev1

Core Content

The Board of Supervisors (BoS) meeting of the European Banking Authority (EBA) on 11 December 2017 in London covered a range of key topics, including Brexit-related issues, the Single Programming Document (SPD) 2019, Non-Performing Loans (NPLs) templates, the 2018 EU-wide Stress Tests, and various regulatory and supervisory reports and guidelines. The meeting also addressed the relocation of the EBA to Paris and the EBA's response to the Commission's call for advice on statutory prudential backstops.

Main Points and Key Information

Agenda Item 1: Approval of Agenda and Minutes

• The BoS approved the agenda and minutes of the previous meeting (24–25 October 2017).
• They agreed to discuss the Opinion and Report on the use of the 180 days past due (DPD) criterion under the AoB (Advisory Opinion Board) in an upcoming meeting.

Agenda Item 2: Brexit-related Issues including Risks

• EBA staff discussed Brexit-related risks, contingency planning, and contract continuity.
• The Chairperson emphasized the need to focus on coordination with the Commission and supervisory guidance.
• Incoming and outgoing branches were identified as areas requiring further analysis and communication.
• The BoS agreed to refocus EBA's work on areas needing short-term solutions, such as contingency planning and supervisory coordination.

Agenda Item 3: Single Programming Document 2019

• The Executive Director presented the SPD 2019, which included relocation-related costs and new tasks from the Commission's ESAs review.
• Some members felt the inclusion of ESAs review-related activities was premature and proposed splitting the SPD into current and future activities.
• The budget increase for 2019 was explained, including one-off costs like dilapidation and rent-free subsidy refund.
• It was confirmed that the relocation would not impact ongoing projects, including data infrastructure.

Agenda Item 4: NPLs Templates

• The EBA NPLs templates were introduced to reduce information asymmetries in the secondary market for NPLs.
• The templates are not mandatory nor a supervisory reporting requirement.
• The BoS endorsed the templates and agreed to coordinated communication with CAs.
• A draft press release was to be shared for comments before publication.

Agenda Item 5: 2018 EU-wide Stress Tests – Preliminary Scenario

• A preliminary adverse macro-financial scenario was presented, focusing on four main risks.
• The scenario was more severe than the 2016 one, with more persistent financial shocks and stronger property price declines.
• Concerns were raised about the disparity in impact across countries, leading to discussions on adjusting the severity and improving communication.

Agenda Item 6: Final Report on DGS Contributions

• The EBA published a report on the implementation of DGS contribution guidelines.
• The report assessed transparency, flexibility, and proportionality of the methodology.
• A minor amendment was agreed to in the executive summary to avoid misinterpretation.

Agenda Item 7: Final draft RTS on Central Contact Points under PSD2

• The final draft RTS on central contact points was approved for publication and submission to the Commission.
• The EUR 3 million threshold was noted as a potential area for future review.

Agenda Item 8: Final Guidelines on Security Measures under PSD2

• The final Guidelines on security measures were approved for publication.
• The application date was set for 13 January 2018, with a six-month implementation period.

Agenda Item 9: Final draft RTS and ITS on EBA Register under PSD2

• The final draft RTS and ITS on the EBA register of PIs and EMIs were approved for publication and submission to the Commission.

Agenda Item 10: EBA Opinion on Transition from PSD1 to PSD2

• The EBA Opinion on the transition from PSD1 to PSD2 was presented.
• The grandfathering clause was clarified to apply to AIPS and PIS-like services.
• Some opposition was noted regarding screen/web scraping during the transitional period.
• A short written procedure was agreed for members to submit non-material comments before final approval.

Agenda Item 11: Discussion Paper on FRTB and SA-CCR Implementation

• A Discussion Paper on FRTB and SA-CCR was approved for a 3-month consultation period.
• The paper included practical implementation options for the EU, independent of Basel discussions.

Agenda Item 12: EBA Response to Commission's Call for Advice on Statutory Prudential Backstops

• The EBA developed a methodology to assess the impact of statutory prudential backstops using existing datasets.
• The report included preliminary findings and was to be finalised with member feedback before submission to the Commission.
• Additional clarifications were requested on static balance sheet assumptions, profitability impact, and accounting implications.

Agenda Item 13: Consultation Papers on draft RTS

• Two consultation papers were introduced on risk retention and homogeneous underlying exposures.
• Both were approved for a 3-month consultation period.

Agenda Item 14: Reports from Standing Committees

• The BoS took note of reports from Standing Committees, though no detailed discussion was provided.

Agenda Item 15: AoB – Use of 180 DPD Criterion

• An Opinion and Report on the use of the 180 DPD criterion was introduced, suggesting its replacement with the 90 DPD criterion.
• A transitional period was proposed to mitigate the impact on institutions.
• Anonymity of institutions and data was requested, and legislative changes in some Member States were noted.

Participants

• Chairperson: Andrea Enria
• Voting Members and Alternates: Representatives from 28 Member States
• Non-voting Members: SSM, European Commission, EIOPA, ESMA, ESRB, EFTA Surveillance Authority
• Observers: SRB

Conclusion

The BoS focused on enhancing coordination, improving transparency, and ensuring effective implementation of regulatory measures in response to Brexit and other challenges. Key areas for future work included contingency planning, supervisory guidance, NPLs templates, stress test scenarios, and statutory prudential backstops. The EBA also committed to consultation processes and communication strategies to support the implementation of new regulations and guidelines.