EBA欧洲银行-EBA-BS-2011-137-Final-EBA-work-programme-for-2012-FINAL_10页_407kb

EBA 2012 Work Programme Summary

Introduction

The European Banking Authority (EBA) is tasked with executing its core functions in the context of the new European System of Financial Supervision (ESFS). As a fully-fledged EU Authority in its second year of operation, the EBA must continue to strengthen its institutional capabilities. The 2012 work programme outlines the main objectives and deliverables derived from EU banking legislation and the ongoing financial market challenges. The programme was finalised following discussions by the EBA Board of Supervisors and the Banking Stakeholder Group, and was adopted in December 2011.

The EBA's work programme is structured around four key areas: Regulation, Oversight, Consumer Protection, and Operations. These areas reflect the core functions defined in the EBA Regulation. A dedicated organisational unit has been established to enhance policy coordination and assess the impact of EBA's proposals. The work programme also outlines the prioritisation of tasks, with the highest priority given to regulatory activities that support the implementation of Basel III.

Core Areas of Activity

1. Regulatory Work

• Main Objective: To play a leading role in the creation of the single rule book for the EU banking system.
• Key Focus Areas:
  • Capital and Capital Buffers: Development of technical standards is a top priority.
  • Liquidity: The EBA will focus on defining and agreeing on liquidity measures such as the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
  • Remuneration: The EBA will develop technical standards based on data collected in 2011.
  • Leverage Ratio: The EBA will begin EU-wide data collection in 2012 for potential inclusion in the prudential framework.
• Deliverables: The EBA is expected to produce 199 deliverables in 2012, primarily in the form of technical standards, guidelines, reports, and consultations. These are concentrated in 2012, with most finalised by 2013–2014.
• Challenges: The ambitious timeline for Basel III implementation poses a significant organisational challenge, necessitating additional human resources.

2. Oversight Work

• Main Objectives:
  • Deliver independent, high-quality analysis of EU banks and the sector.
  • Promote supervisory convergence and support National Supervisory Authorities (NSAs).
• Key Activities:
  • Conduct EU-wide stress tests and monitor their implementation.
  • Develop key risk indicators and a risk dashboard, including internal, peer group, and sectoral dashboards.
  • Improve reporting and transparency, particularly through the development of binding technical standards for COREP and FINREP, to be implemented in 2013.
  • Strengthen supervisory colleges for cross-border banking groups, with a focus on the 44 priority groups.
  • Enhance IT collaboration tools for better information sharing among colleges.

3. Consumer Protection Work

• EU-Wide Responsibility: Promoting transparency, simplicity, and fairness in the consumer financial products market.
• Key Tasks:
  • Collect, analyse, and report on consumer trends.
  • Coordinate financial literacy and education initiatives.
  • Develop training standards and common disclosure rules.
  • Monitor financial activities and prepare guidelines to enhance market safety and regulatory convergence.
• Organisational Unit: A dedicated consumer protection unit has been established, with strategy and priorities to be developed once staffing is secured.

Policy Analysis and Coordination

• Main Objectives:
  • Provide legal analysis of policy and supervisory documents.
  • Conduct impact assessments where necessary.
  • Coordinate internal and external policy and supervisory activities, including training for NSAs.
• Scope: This unit supports the Regulation and Oversight clusters, ensuring alignment and coherence in the EBA's work.

Operations and Institutional Capabilities

• Institutional Development:
  • Enhance the internal control environment based on self-assessment and audit findings.
  • Complete the implementation of EU Internal Control Standards by 2012.
• Human Resources:
  • Recruitment and integration of new staff will be a key priority due to increased workload.
  • Additional human resources have been requested to address the demands of Basel III implementation.
• Organisational Structure:
  • A new structure, effective from 1 October 2011, better reflects the EBA's strategic objectives and tasks.
• IT Strategy:
  • Review and update the medium and long-term IT strategy to align with the expanded scope of EBA's activities.
  • Adopt a new IT strategy based on the review.
• Financial Procedures:
  • Finalise remaining detailed financial procedures and internal rules.
  • Introduce Service Level Agreements (SLAs) to measure process efficiency.
  • Implement a financial controlling system to provide regular management information and reports to governing bodies.

Conclusion

The 2012 work programme reflects the EBA's critical role in shaping and implementing EU banking regulations, particularly in the context of Basel III. It highlights the need for institutional development, increased staffing, and enhanced coordination across the EBA's core functions. The EBA's activities are closely aligned with the broader EU legislative agenda and the challenges posed by the ongoing financial crisis.