European Banking Authority (EBA)’s Post

According to the annual Report on convergence of supervisory practices for 2023 published today, the risks analysed were on average deemed stable. The #concerns identified are related to information security management and the implementation of the IFRS 9 standard. Key topics identified for the 2025 ESEP include: -> testing and adjusting to increasing economic and financial uncertainties; -> digital challenges, in particular ICT risk management and building operational resilience towards the digital transformation and -> transitioning towards Basel III and the EU banking package implementation.

One of the key supervisory areas, identified as part of the European Supervisory Examination Programme for 2025, includes #ICT risk management and building #operational #resilience in line with #DORA framework for all EU financial entities. #EU #EBA #ESA #DORA #ICTrisks #ICTThirdParty #RiskManagement #digitalchallenges

The European Banking Authority (EBA) has issued final draft Regulatory Technical Standards (RTS) to refine the #CRR framework, Regulation (EU) No 575/2013. These standards establish conditions and indicators for extraordinary circumstances, enabling regulatory adjustments during significant market stress. 🔧 #RTS Highlights ✔ Regulatory Flexibility: Allows the use of internal risk models during extraordinary circumstances. ✔ Specific Permissions: Competent authorities can grant permissions to address unique institutional challenges. ✔ Clear Criteria: Detailed conditions and indicators for identifying extraordinary circumstances. Read the details here: https://lnkd.in/dR5J-4zS

#EBA has launched a consultation on draft Guidelines on reporting requirements to assist competent authorities and the EBA in performing their duties under #MiCAR. The Guidelines should ensure that Competent Authorities have sufficient comparable information to supervise compliance of issuers with MiCAR requirements and provide the EBA with the information necessary to conduct the significance assessment under MiCAR. The consultation runs until 15 October 2024. Feedback to the consultation is more than welcome, especially from a national perspective, because national authorities have to confirm whether they comply or intend to comply with the final guideline or not (Art 16 (3) EBA-Regulation). #cryptoregulation https://lnkd.in/eadjyyKJ

📨Published today: European Supervisory Examination Programme (ESEP) for 2024, identifying key topics for heightened #supervisory attention The ESEP is aimed at driving supervisory convergence by providing Competent Authorities with a single set of priorities for implementation in 2024. 🔑 Three key topics: liquidity and funding risk, interest rate risk and hedging, recovery operationalisation https://europa.eu/!66mvGd

The EBA selected the following three key topics for supervisory attention for 2024 on the basis of its EU-wide risk analysis, its relevant policy work and the practical experience of competent authorities: - liquidity and funding risk - interest rate risk and hedging - recovery operationalisation. The choice of such topics was supported by structural changes, such as i) the end of the abudant liqudity in the system; ii) the increased interest rate environment; iii) the implementation of the IRRBB package in the EU; iv) lessons learned from the spring bank failures, v) energy and food markets volatility. These topics target aspects that are considered ‘specific’ for the upcoming year compared to the ‘business as usual’.

Today, the EBA selected the following 3 key topics for supervisory attention for 2024 on the basis of its EU-wide risk analysis, its relevant policy work and the practical experience of competent authorities: 1. liquidity and funding risk 2. interest rate risk and hedging 3. recovery operationalisation #policy #regulatorycompliance

Contact T3 to help you meet the 2024 EBA Priorities : 1-liquidity and funding risk 2-interest rate risk and hedging 3-recovery operationalisation The selection of these topics was backed by various structural shifts, including i) the cessation of abundant liquidity in the system; ii) the rising interest rate landscape; iii) the enactment of the IRRBB package in the EU; iv) insights gained from the spring bank collapses; and v) the instability in energy and food markets.