EBA欧洲银行-Minutes-MB-11-Sept-2017_9页_421kb

EBA Management Board Meeting Summary - 11 September 2017

Core Content

The EBA Management Board (MB) convened on 11 September 2017 in London, with the primary focus on administrative updates, relocation status, peer reviews, and regulatory proposals. The meeting included discussions on budget adjustments, IT projects, and the future structure of the EBA's working groups.

Main Points and Key Information

Agenda Item 1: Welcome, Approval of Agenda and Minutes

• The MB approved the provisional agenda and the minutes from the June 2017 meeting (EBA MB 2017 082).
• The Chairperson welcomed the new member from the Swedish Financial Supervisory Authority (Finansinspektionen) and noted the progress of actions agreed in June.
• A new call for expression of interest for SCOP co-chair was to be launched following the resignation of the previous one.

Agenda Item 2: Administrative and Operational Status Report

• The EBA Director of Operations presented the status report, highlighting the need for a budget amendment due to subsidy changes from EFTA states.
• A transfer of £29,534 from line 3100 to 2120 was approved to fund software for the training hub.
• For 2018, the budget was reduced by 2 Temporary Agents (TAs) positions, and 14 staff members had resigned since the UK's Brexit vote.
• IT projects were on time, but the eGate2.0 go-live date required weekend work, resulting in an €17,000 cost increase.

Agenda Item 3: Decision on Education Contribution Thresholds

• The Executive Director submitted a decision on education contribution thresholds for the 2017/2018 school year (EBA MB 2017 090).
• The thresholds were updated based on London schooling costs and EU per-student expenditure.
• The MB adopted the decision and requested future updates on threshold evolution.

Agenda Item 4: EBA Relocation: Status Report

• The MB was to be regularly updated on the relocation process and related risks.
• The first status report (EBA MB 2017 091) was presented, based on assumptions that the EBA would remain autonomous and relocate to a new location in March/April 2019.
• Three main areas were assessed: staff, IT, and premises.
• IT-related mitigating measures included increasing TA headcount and prioritising IT consultancy procurement.
• No assumptions were made about the financial responsibility for relocation at this stage.

Agenda Item 5: Summary of Member States Offers to Host the EBA

• A summary of offers to host the EBA was presented (EBA MB 2017 092).
• The summary included annual budget projections based on candidate city salary coefficients.
• Two cities offered premises for free, while others would require a procedure under Financial Regulation, affecting relocation timelines.

Agenda Item 6: Update on ESAs Review

• The Commission representative shared an update on the ESAs Regulations review, indicating a proposal was likely to be tabled in September.
• The review focused on EBA powers, governance, and funding, with a particular discussion on governance aspects.

Agenda Item 7: Renaming of Taskforce on Payment Services

• The TFPS was proposed to be renamed as the SCPS.
• The conversion was justified by the long-term work on payment services.
• The TFSB was proposed to become a Sub-Group under SCOP, effective after the current exercise.
• The EBA Director of Oversight was to replace the EBA Head of Risk Analysis as chair of the STTF.

Agenda Item 8: Appointment of BSG Member

• A proposal to appoint Mr Razvan George Antemir of EMOTA as a new BSG member in the SME category was tabled.
• The MB agreed to the proposal, which would be communicated to the BoS for final approval.

Agenda Item 9: Draft Rules of Procedure on Professional Secrecy for non-Staff

• The MB approved the draft Rules of Procedure on Professional Secrecy for non-Staff (EBA MB 2017 097).
• The draft was aligned with those approved by ESMA and EIOPA.
• Concerns were raised about the temporary restrictions on NCAs, but the MB adopted the decision.

Agenda Item 10: STS Deliverables Plan and Prioritisation

• A plan for STS and covered bonds was presented, based on the draft EU Regulation and CRR amendments.
• The MB requested that the peer review on passport notifications be conducted before the one on risk takers.
• The EBA would draft a proposal to better define peer review mandates for BoS approval in October 2017.

Agenda Item 11: EBA's Proposal on Resubmission of Notifications

• The EBA proposed a resubmission of past notifications in October 2017 to align with eGate2.0.
• The MB approved the proposal, noting that it would limit the burden on CAs.

Agenda Item 12: NPLs Action Plan

• The EBA proposed actions under the NPLs Action Plan, grouped into three strategic themes: supervisory guidance, data, and secondary market development.
• A non-permanent Taskforce on NPLs (NPL TF) would be set up under SCOP to manage the work with CAs.
• The MB approved the proposal and planned work.

Agenda Item 13: EUCLID Progress Update

• The MB was updated on the progress of Workstream 2 of the EUCLID project.
• Functional and technical requirements were to be developed, allowing for precise cost estimation.
• The timeline for Workstream 2 was postponed by more than 6 months.
• Discussions with the ECB on the sequential data submission approach were ongoing.

Conclusion

The MB took note of all the presented reports and approved the necessary decisions and proposals. The meeting concluded with a clear roadmap for future activities, including relocation planning, peer reviews, and regulatory updates.