EBA欧洲银行-Minutes-MB-13-September-2016_7页_374kb

EBA Management Board Final Minutes Summary - 13 September 2016

Core Content

The EBA Management Board (MB) meeting on 13 September 2016 covered a range of administrative, operational, and strategic topics. The meeting was held in London and included discussions on budget, HR policies, training activities, equivalence assessments, and the 2017 work programme. The minutes and decisions from this meeting were approved and will be discussed further at the Board of Supervisors (BoS) meeting on 20 September 2016.

Main Agenda Items and Outcomes

1. Welcome and Approval of Agenda and Minutes

• The MB approved the provisional agenda (EBA MB 2016 058rev4) and the minutes from the previous meeting (EBA MB 2016 054rev1).
• An election to fill the vacancy left by Andrew Bailey’s departure on 30 June 2016 was announced for the BoS meeting on 20 September 2016.

2. Administrative and Operational Status Report

• The EBA Director of Operations presented a report on the status of EBA activities since the last MB meeting on 1 June 2016.
• Key points included the execution of the 2016 budget, public procurements, and challenges in staff recruitment.
• IT projects such as eDEN and ESP7 were also mentioned, with ESP7 expected to go live by end-2016.

3. Decision on HR Implementing Rules on Teleworking

• The Executive Director proposed the non-application of Commission Decision C(2015) 9151 on telework.
• Members questioned the lack of clarity on the reasons for non-application, suggesting the EBA should consider teleworking to attract talent.
• The EBA agreed to refine the reasons in the decision before submitting the request to the Commission.

4. Draft Rules of Procedure on Professional Secrecy and Confidentiality for Non-Staff

• The MB supported the draft Rules of Procedure (RoP) on confidentiality, following the ESMA incident.
• Members suggested improvements such as preventative measures, better definitions of unauthorized disclosure, and alignment with CAs’ regulations.
• The EBA Head of Legal emphasized its responsibility for internal organization and the right to decide on participation of non-compliant CAs in its sub-structures.

5. EBA Policy on Reimbursement of Representation Expenses

• The Executive Director presented the policy on reimbursement of representation expenses.
• The MB adopted the policy, recognizing its importance for EBA operations.

6. Draft EBA 2017 Work Programme

• The Executive Director introduced the draft 2017 work programme, highlighting priority areas.
• Members suggested revising the priority level of Q&As and reviewing operational risk in light of Basel developments.
• The MB approved the draft, with a revised version to be discussed at the BoS meeting on 20 September 2016.

7. Proposals for 2017 Peer Review

• Topics proposed for the 2016/2017 peer review included guidelines on O-SILs, staff impact criteria, self-placement reminders, and Passport notifications.
• Members preferred peer review on O-SILs and self-placement, suggesting joint work with ESMA on the latter due to its overlap with MiFID.

8. Discussion on EBA Training Activities

• The MB supported the revised training proposal, emphasizing the importance of training for supervisory convergence.
• Members requested online training resources accessible to all and a defined curriculum, which the EBA Director of Oversight confirmed would be addressed through a stock-taking exercise with CAs.

9. Oral Update on Equivalence Assessments

• The MB noted the need for equivalence assessments of third-country jurisdictions.
• The EBA requested CAs to assign 3 full-time equivalents (FTEs) for a period of 2 years to support this work.

10. Discussion on Expansion of EBA COREP/FINREP Sample and Data Infrastructure

• The Executive Director proposed expanding EBA data collection to the full population of EU financial institutions.
• The MB supported the proposal, with a request to limit the scope to credit institutions only.
• Concerns about additional human resources were raised, prompting further discussions with the Commission.

11. IAS Strategic Internal Audit Plan 2017 – 2019

• The MB took note of the IAS strategic audit plan and agreed to request a change in the order of audit topics, prioritizing D, E, and F over A, B, and C.

Key Information

• EBA Budget: A reduction was proposed for the 2016 budget due to GBP-EUR exchange rate fluctuations, to be presented to the BoS in December 2016.
• Teleworking: The EBA will consider ad-hoc teleworking but not a structural system.
• Equivalence Assessments: CAs are requested to allocate 3 FTEs over 2 years to support the EBA’s work.
• Training: The EBA will align its training activities with other EU institutions and make online resources accessible.
• Data Collection: Expansion of COREP/FINREP data collection was approved, with a focus on credit institutions and no additional reporting burden on institutions.
• Internal Audit: The MB requested a shift in audit priorities for the IAS plan, focusing on strategic areas.

Participants

• Chairperson: Andrea Enria
• Alternate Chairperson: Pedro Duarte Neves
• Country Representatives:
  • Czech Republic: David Rozumek
  • France: Edouard Fernandez-Bollo
  • Italy: Andrea Pilati
  • Poland: Andrzej Reich
  • Spain: Fernando Vargas Bahamonde
• EU Institution Representative: European Commission - Dominique Thienpont
• EBA Staff:
  • Executive Director: Adam Farkas
  • Director of Operations: Peter Mihalik
  • Director of Oversight: Piers Haben
  • Director of Regulation: Isabelle Vaillant
  • Other Directors: Slavka Eley; Lars Overby; Philippe Allard; Jonathan Overett Somnier; Santiago Barón Escámez