European Banking Authority

EU/EEA banking sector shows rising profitability, but asset quality and profitability related risks are looming

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목요일, 7월 13, 2023
RDB, Risk, European Banking Authority, Silicon Valley Bank, EURECA, EBA, CS, Terrorism, Credit Suisse, SVB, European, LCR, Income, Roe, Growth, RAQ, Bank, Risk management, Cryptocurrency, Music, EU

EU/EEA banking sector shows rising profitability, but asset quality and profitability related risks are looming

Key Points: 
  • EU/EEA banking sector shows rising profitability, but asset quality and profitability related risks are looming
    13 July 2023
    The European Banking Authority (EBA) today published its Q1 2023 quarterly Risk Dashboard (RDB).
  • Banks’ profitability continued to increase, and their capital, funding and liquidity ratios remain strong.
  • Bank debt issuance has resumed after a temporary halt due to the Silicon Valley Bank (SVB) and Credit Suisse (CS) induced turmoil.
  • - The uncertain economic outlook has resulted in lower consumer and business confidence as well as reduced risk appetite among banks.

EBA publishes fourth Opinion on  money laundering and terrorist financing risks across the EU

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목요일, 7월 13, 2023
Crypto, European Banking Authority, Awareness, Opinion, Overalls, Article, EBA, ML, Terrorism, SNRA, Fourth, Market, AML, COVID-19, European, Risk, Compliance, Corruption, Cryptocurrency, EU

13 July 2023

Key Points: 
  • 13 July 2023
    The European Banking Authority (EBA) today published its fourth biennial Opinion on the risks of money laundering and terrorist financing (ML/TF) affecting the European Union’s financial sector.
  • It also sets out what competent authorities and EU co-legislators can do to mitigate those risks.
  • They also include emerging risks such as corruption, and the laundering of proceeds from both environmental crime and cybercrime.
  • The Opinion has been issued in accordance with Article 6(5) of (EU) 2015/849 (The Fourth EU Anti-Money Laundering Directive), which requires the EBA to issue an Opinion on the risks of ML and TF affecting the EU's financial sector every two years.

EBA consults on draft technical standards on complaints handling procedures under the Markets in Crypto-Assets Regulation

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목요일, 7월 13, 2023
Crypto, Review, Insurance, Reformed Churches in the Netherlands (Liberated), European Banking Authority, The, Caspe, Policy, European Securities and Markets Authority, Article, EBA, Joint committee, Market, Investment, European, GLS, Emergency medical technician, ESMA, JC, RTS, Cryptocurrency, Security (finance), Property management, EU

12 July 2023

Key Points: 
  • 12 July 2023
    The European Banking Authority (EBA) published today a Consultation Paper on draft regulatory technical standards (RTS) on complaints handling procedures for issuers of asset-referenced tokens (ARTs) under the Markets in Crypto-Assets Regulation (MiCAR).
  • These draft RTS aim at ensuring prompt, fair and consistent handling of complaints by holders of ARTs and other interested parties.
  • The EBA is mandated to develop, in close cooperation with the European Securities and Market Authority (ESMA), draft RTS on the complaints handling procedures of issuers of ARTs.
  • The consultation paper on complaints handling is published on the same date as consultation papers on authorisations and qualifying holdings.

EBA consults on draft technical standards on EU market access of issuers of asset-referenced tokens under the Markets in Crypto-Assets Regulation

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목요일, 7월 13, 2023
Crypto, Exercise, European Central Bank, European Banking Authority, The, EIOPA, European Securities and Markets Authority, Risk management, EBA, Article, ART, Central bank, Person, Market, ICT, Acquisition, European, ECB, ITS, Sound, Emergency medical technician, ESMA, RTS, Cryptocurrency, Security (finance), EU
Key Points: 

EBA encourages timely preparatory steps towards the application of MiCAR to asset-referenced and electronic money tokens  

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목요일, 7월 13, 2023
Crypto, Emergency medical technician, EMT, Market, Risk management, European Banking Authority, EBA, ART, ESMA, The, European, Attention, EIOPA, Cryptocurrency, Medical device, EU

The statement includes ‘guiding principles’ to which financial institutions (and other undertakings) carrying out ART/EMT activities are encouraged to have regard until the application date.

Key Points: 
  • The statement includes ‘guiding principles’ to which financial institutions (and other undertakings) carrying out ART/EMT activities are encouraged to have regard until the application date.
  • It came into force on 29 June 2023, and the provisions relating to asset-referenced tokens (ARTs) and electronic money tokens (EMTs) will be applicable from 30 June 2024.
  • Among the activities within the scope of MiCAR are the activities of offering to the public or seeking admission to trading of ARTs and EMTs and issuing such tokens.
  • Supervision tasks are conferred on the EBA for ARTs and EMTs that are determined by the EBA to be significant.

Supervisors of banks are making progress in the fight against financial crime, the EBA finds

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화요일, 7월 11, 2023
Review, Article, European Banking Authority, EBA, European, Risk, Cryptocurrency, Medical device, EU

For this Report, the EBA staff assessed 12 competent authorities from nine Member States.

Key Points: 
  • For this Report, the EBA staff assessed 12 competent authorities from nine Member States.
  • Overall, the EBA’s findings suggest that supervisors are making progress in the fight against money laundering and terrorist financing.
  • Nevertheless, most supervisors in the 2022 sample were asked to do more to tackle ML/TF risk in their banking sector.
  • After this round, the EBA will publish a final report, which will include an assessment of progress made since 2019.

EBA launches public consultation on amendments to the ITS on disclosures and reporting on MREL and TLAC

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금요일, 7월 7, 2023
Disclosure, European Banking Authority, EBA, Civil service commission, European, European Commission, ITS, Insurance

The consultation paper also includes an updated mapping between disclosure and reporting requirements.

Key Points: 
  • The consultation paper also includes an updated mapping between disclosure and reporting requirements.
  • As the amendments are limited and deemed to be of lower impact, the consultation period has been shortened.
  • Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page.
  • A public hearing will be organised in the form of a webinar on 21 July 2023 from 10:00 to 11:00 CET.

EBA publishes validation requirements on initial margin models

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금요일, 7월 7, 2023
RTS, European Insurance and Occupational Pensions Authority, European Market Infrastructure Regulation, European Banking Authority, Financial Services and Markets Authority (Belgium), Civil service commission, Opinion, BCBS, European Securities and Markets Authority, Article, EBA, IM, Committee of Wise Men on the Regulation of European Securities Markets, European, Basel Committee on Banking Supervision, OTC, Bank, Compliance, International Organization (journal), International Organization of Securities Commissions, EMIR, Securities commission, European Commission, IOSCO, Cryptocurrency, Medical device, EU

06 July 2023

Key Points: 
  • 06 July 2023
    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on Initial Margin Model Validation (IMMV) under the European Markets Infrastructure Regulation (EMIR).
  • These draft RTS set out the supervisory procedures to ensure the prudent use of initial margin models for OTC derivatives.
  • The requirements set out in the RTS envisage a phased-in implementation of the supervisory requirements to ensure a smooth model validation process.
  • Jointly with the RTS, the EBA published an Opinion on IMMV, calling on co-legislators and the European Commission to consider the establishment of a centralised validation function at the EBA to ease the coordination issues linked to the validation of IM models that have industry-wide application.

The EBA publishes the final amending ITS on supervisory disclosure under CRD

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수요일, 6월 21, 2023
Article, European Banking Authority, EBA, Fettering of discretion in Singapore administrative law, European, CRD, ITS, Legislation, Property management, EU

The amended draft ITS incorporate the changes to the EU legal framework, in particular the changes related to supervisory reporting and investment firms.

Key Points: 
  • The amended draft ITS incorporate the changes to the EU legal framework, in particular the changes related to supervisory reporting and investment firms.
  • These draft amending ITS aim at specifying the format, structure, contents list and annual publication date of the supervisory information to be disclosed by competent authorities.
  • The rationale for amending the ITS was to consider changes to the EU legal framework, in particular the changes related to supervisory reporting and investment firms.
  • The amendments reflect changes resulting from the legislation adopting the banking package under Directive (EU) 2019/878 amending Directive 2013/36/EU (CRD V) and Regulation (EU) 2019/876 amending Regulation (EU) No 575/2013 (CRR2).

EBA issues Opinion on measures to address macroprudential risk following notification by the Swedish Financial Supervisory Authority (Finansinspektionen)

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화요일, 6월 20, 2023
European Banking Authority, European Parliament, Civil service commission, European, Opinion, Article, ESRB, EBA, Internal ratings-based approach (credit risk), Capital Requirements Regulation 2013, CRR, European Systemic Risk Board, Intention, IRB, Risk, Swedish financial transaction tax, CRE, European Commission, Property management, EU, Council

20 June 2023

Key Points: 
  • 20 June 2023
    The European Banking Authority (EBA) today published an Opinion following the notification by the Swedish Financial Supervisory Authority, Finansinspektionen, of its intention to introduce a new measure in accordance with Article 458 of Regulation (EU) No 575/2013.
  • The measure introduces risk weights for targeting asset bubbles in the residential property and commercial immovable property sector in Sweden.
  • In its Opinion, addressed to the Council, the European Commission, and the Swedish Financial Supervisory Authority, the EBA acknowledged the concerns of Finansinspektionen over financial stability risks stemming from commercial real estate (CRE).
  • The EBA recognises that CRE activity levels in the Swedish economy have increased substantially in the last years, imposing a risk on financial stability.