EBA欧洲银行-EBA-BS-2012-226BoS-Minutes-14-November-2012FINAL_8页_429kb

Summary of EBA BoS Meeting 14 November 2012

Core Content

The Board of Supervisors (BoS) of the European Banking Authority (EBA) held a meeting on 14 November 2012, from 9:30 to 17:00, in London. The meeting covered a range of topics related to regulatory guidelines, stress testing, internal governance, and technical standards. Key discussions focused on harmonization of definitions and reporting, the development of regulatory technical standards (RTS), and the preparation of the 2013 EU-wide Stress Test.

Main Points and Conclusions

Agenda Item 1: Opening, Welcome & Approval of the Agenda and Minutes

• The meeting was chaired by Andrea Enria.
• Mr. Ioannis Gousios stepped down from the BoS, and his contribution was acknowledged.
• The agenda and draft minutes of the previous meeting (25–26 September 2012) were approved.

Agenda Item 2: Internal Governance

• The BoS was invited to express views on the level of harmonization of the Guidelines on the assessment of the suitability of management body members and key functions holders.
• The Board endorsed the publication of the Guidelines, with a note that the level of convergence is limited due to national legal differences.
• The Guidelines will be reviewed based on the final CRD IV text, with efforts to recognize assessments by other competent authorities.

Agenda Item 3: First Set of Draft RTS on Own Funds

• The staff presented policy options based on public consultation feedback.
• The BoS fully supported the proposed changes, which will be incorporated into the draft standards.
• Final approval will be based on the legislative text's formal approval, with only necessary adjustments considered.

Agenda Item 4: Credit Valuation Adjustments - Draft RTS

• The staff presented changes to the draft RTS compared to the July 2012 Consultation Paper.
• The BoS supported the changes and agreed that the final version will be presented once the CRR is finalized.
• The Commission's amendment to CRR Article 373 was welcomed, clarifying the application of the Advanced CVA method and the scope of the RTS mandate.

Agenda Item 5: Q&A Process for CRR/CRD

• A revised note on the Q&A process was approved by the BoS.
• National authorities should be invited to provide context for questions to avoid forum shopping.
• The final note will be transformed into a formal Decision and endorsed via written procedure.

Agenda Item 6: EBA Opinion on Liikanen Report

• The draft opinion on the Liikanen Report was presented for decision.
• The BoS welcomed the document but requested specific amendments.
• A more ambitious approach was suggested to convey a supervisory view on capital market activities segregation.
• The revised document will be submitted for approval at the December 2012 BoS meeting.

Agenda Item 7: Liquidity and Leverage Ratio

a) Liquidity Risk Reporting (CP 05)

• The BoS endorsed the changes to the draft ITS on liquidity reporting.
• Minor editorial changes will be accommodated.
• A feedback statement and templates will be published by year-end if no agreement is reached on the CRR.

b) Interim Solution for Liquidity and Leverage Ratio Reporting

• The BoS approved an interim solution to continue the monitoring exercise using amended templates and some elements from the draft ITS.
• The Basel Committee's templates will be maintained with EU-specific adjustments.

c) Leverage Ratio Reporting (CP 06)

• The BoS endorsed the new text for the draft ITS on leverage ratio reporting, including a feedback statement, updated templates, and instructions.
• Final approval will focus on legislative changes, with a feedback statement and templates published by year-end if needed.

Agenda Item 8: Transitional Floors

• The BoS expressed support for a consistent and harmonized approach to transitional floors.
• A draft letter to the European Commission, Parliament, and Council Presidency was approved for circulation by 19 November 2012.
• The letter requested a legislative mandate for the EBA to draft a technical standard for transitional floors.

Agenda Item 9: 2013 EU-wide Stress Test

• The preparation of the 2013 EU-wide Stress Test was presented.
• The BoS agreed to move from a pass-fail test to a supervisory one.
• Criteria for supervisory action based on test results were to be identified.
• The regulatory framework, balance sheet assumptions, reference date, and time horizon were discussed.

Agenda Item 10: Review Panel - Terms of Reference

• The Review Panel Chair presented draft Terms of Reference for the review of the EBA Guidelines on Stress Testing.
• A Self-Assessment Questionnaire was to be issued to National Competent Authorities.
• The BoS approved the Terms of Reference and emphasized the need for support in the review process.

Other Agenda Items

• Agenda Item 11: A vacancy on the Banking Stakeholder Group (BSG) was filled with Mr. Chris De Noose from the European Savings Banks Group.
• Agenda Item 12: The 2013 Annual Training Programme was circulated for information; the BoS took note.
• Agenda Item 13: The IT Strategy update was postponed to the December 2012 meeting.
• Agenda Item 14: The Polish Member suggested organizing a reporting seminar for supervisors.

Participants and Representatives

• Chairperson: Andrea Enria
• Voting Members and Alternates: Representatives from various EU countries, including Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the UK.
• Observers: Norway, Iceland, Liechtenstein, Croatia
• Institutions Representatives: European Commission, ECB, ESRB, EIOPA, ESMA, and others
• EBA Staff: Policy Analysis & Coordination, Legal, and other departments.