European Banking Authority (EBA)

📢 Save the date for the 𝟮𝟬𝟮𝟰 𝗝𝗼𝗶𝗻𝘁 #𝗘𝗦𝗔𝘀 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗗𝗮𝘆 #CPD24 organised by #EBA, European Insurance and Occupational Pensions Authority (EIOPA) & European Securities and Markets Authority (ESMA) 📅 3 October 2024 from 9:30 to 16:00 CET 📍 premises of the Magyar Nemzeti Bank - Central Bank of Hungary, Budapest 📋 On the Agenda: 🤖 artificial intelligence in the financial services 🔐 accessibility to consumer-centric products 🌱 sustainable finance Stay tuned for the programme, list of speakers, registration details and more 👉 https://europa.eu/!xdfJnw

📚 In addition to the #EBA technical package for its 3.5 reporting framework released today, the #EBA has  published its final draft implementing technical standards (ITS) on supervisory reporting requirements. They implement the changes necessary to keep the supervisory reporting framework relevant and aligned with the amending Capital Requirements Regulation (CRR 3), which implements the latest 🏦  Basel III reforms. These ITS will allow supervisors to have sufficient comparable information to monitor compliance by institutions with CRR 3 requirements, thus further promoting enhanced and consistent supervision. ➡ Read more here: https://europa.eu/!drWxmj

📣 Listen up! 📄The #EBA has released a #technicalpackage for its 3.5 reporting framework. This package provides the standard specifications to support the following reporting obligations: ⭕ Amendments to the technical standards on specific reporting requirements for the Fundamental Review of the Trading Book (FRTB);  Diversity benchmarking Guidelines; ⭕The cross-sectoral technical standards on the standard templates for the purposes of the register of information in relation to all contractual arrangements on the use of ICT services provided by ICT third-party service providers under the Digital Operational Resilience Act (DORA); ⭕Amendments to the reporting and disclosure technical standards on minimum requirements for own funds and eligible liabilities and total loss absorbing capacity (MREL/TLAC). 🔗 More here: https://europa.eu/!ndrKqQ

🥁 We've got not just 1, but 2 publications for you today! The #EBA has just published the 🔎 European Supervisory Examination Programme (ESEP) for 2025, as well as its 📊 annual report on convergence of supervisory practices for 2023. ❔ The ESEP identifies key topics for heightened supervisory attention across the European Union. It is aimed at driving supervisory convergence by providing competent authorities with a single set of priorities for implementation in 2025. Read it here 👉🏽 https://europa.eu/!4QpB4F ❔The annual report on convergence of supervisory practices for 2023 highlights EU-wide consistent implementation of 2023 priorities in supervisory work programmes but underlines need for further consistency in the identification and treatment of risks covered by Pillar 2 requirements. Read it here 👉🏽 https://europa.eu/!rphrqb  

📢 The #EBA has published the priorities for issuers of asset-referenced tokens (#ARTs) and e-money tokens (#EMTs) supervision for 2024/2025. The priorities are 👇🏽 ⏺ Internal governance and risk management; ⏺Financial resilience; ⏺Technology risk management; ⏺Financial crime risk management. 👉🏽 The EBA also reminds issuers, offerors, and other relevant persons (such as exchanges and trading platforms) of the new requirements under MiCAR, and reminds consumers about the risks.   Check out the full statements here: https://europa.eu/!px4r7H

Dawit T. Atilla Ökten from the #EBA took part in an EU Supervisory Digital Finance Academy workshop on the #cloudjourney last week. They were happy to share their knowledge on the cloud journey at the EBA, and touched on the challenges they've faced in this project, as well as strategies and migration process. Their insights and experiences were well received by the audience of NCAs and generated a lively discussion with the NCA adopting Cloud. 

📢  News alert! 🗪 The #EBA starts dialogue with the banking industry on 2025 EU-Wide #stresstest, publishing a consultation on its draft methodology, templates, and guidance. It builds on the methodology used in the 2023 exercise, with a few important changes: ⚖️Integration of the upcoming Capital Requirements Regulation (CRR3) ✅Consideration of the Commission’s announcement to postpone the application date of the fundamental review of the trading book (FRTB) 📈 Centralisation of net interest income (NII) projections advancements in the market risk methodology to increase risk sensitivity   68 banks from the EU and Norway will participate in the exercise, which equates to 75% of the EU #bankingsector. Take a deep dive here 👇🏽 https://europa.eu/!RrnbDX

The #EBA's Executive Director, Francois-Louis Michaud, delivered the closing remarks at the 50 year anniversary conference for 🎓 University of Paris I: Panthéon-Sorbonne Master's programme of Law, Banking and Finance. 🗨️ Here are the highlights of his address: 'Ça fut un plaisir de clôturer le colloque annuel du Master 2 Droit Bancaire et Financier à la Paris 1 Panthéon Sorbonne, qui a eu lieu le jeudi 27 juin. J'étais ravi de pouvoir célébrer un jubilé d'exception dans un lieu d'exception autour de tables rondes consacrées aux thèmes des 50 ans de droit bancaire et de droit financier. Dans mes remarques, j'ai souligné l'importance des formations d'excellence comme celle de Master 2 Droit Bancaire et Financier afin de former des experts capables de faire face à la complexité et aux défis du secteur bancaire en constante évolution.'

📢 The EBA is #hiring! 🏢 Do you want to work as part of a multicultural, multidisciplinary team in Paris, and have a positive impact on the #regulatoryframework for financial institutions in the #EU? Then check out our latest #vacancies! We are #recruiting for several positions, including: 🔸 Policy Expert - Crypto-asset classification  🔸Specialist in market monitoring - crypto and digital finance  🔸Policy expert - Prudential Regulation and Supervisory department 📆 Apply by 25 July ➡   https://europa.eu/!TyNhvP 

🚨 Publication Alert! 📚 The #EBA has just published the spring edition of its risk assessment report (RAR). 🚀 Findings: 🌍 EU/EEA banks face economic and rate uncertainty as well as elevated geopolitical risks. ⬆ NPL ratios increased for all segments 📈 EU/EEA banks’ exposures to NBFIs reached 9.7% of their assets. 💱 EU/EEA banks have more than EUR 1.4tn in CRE loans.  🎯 CET1 headroom above overall capital requirements (OCR) and Pillar 2 Guidance (P2G) remains at comfortable levels 💸 EU/EEA banks' profitability is on the rise supported by net interest income (NII). The rise in NII is expected to stop. 🌐 A rise in cyber attacks has increased operational risk Take a closer look here ➡ https://europa.eu/!Hp7Pwn But that's not all! 👇🏽 The #EBA also released its quarterly dashboard on minimum requirement for own funds and eligible liabilities (#MREL), which shows that most EU resolution banks comply with the MREL requirement. 🔗 Click here https://europa.eu/!Gmvf6h to dive into our #MREL assessment.