EBA欧洲银行-CEBS-2009-189-282010-work-programme-as-published29_5页_167kb

CEBS Work Program 2010 Summary

Core Content

The European Banking Authority (EBA) predecessor, the Committee of European Banking Supervisors (CEBS), has been actively involved in shaping regulatory and supervisory responses to the financial crisis in 2009. This led to the establishment of a strict prioritisation scheme in 2009, which continues to guide CEBS activities in 2010. The main focus for 2010 is on the regulatory and supervisory consequences of the crisis, the upcoming changes in Basel II and the Capital Requirements Directive (CRD), and the transition from CEBS to the EBA by the end of 2010.

Main Viewpoints

CEBS has prioritised the following key areas for 2010:

• Institutional Arrangements: CEBS will transition into the EBA by the end of 2010. It will analyse the EU legislative package and provide comments, while also preparing for the organisational and IT changes required for the transformation.
• Periodic Risk Assessments: CEBS will continue with regular risk assessments and stress testing to evaluate the resilience of the EU banking sector. A second cross-sectoral EU-wide risk assessment pilot study is planned.
• Colleges of Supervisors: CEBS will monitor the establishment and operation of colleges of supervisors and finalise guidelines for their functioning and joint assessments.
• Early Intervention Mechanisms: CEBS will contribute to the EU Commission's initiatives on early intervention tools, bank resolution, and asset transferability, as well as the development of EU deposit guarantee schemes.
• Pillar 2: CEBS will develop and update guidelines in areas such as concentration risk, remuneration, and operational risk, aiming for more consistent and effective supervisory practices.
• Amendments to the CRD: CEBS will follow developments from the Basel Committee on Banking Supervision (BCBS) and provide impact assessments and policy inputs for EU-level changes.
• Transparency and Disclosure: CEBS will finalise guidelines on bank disclosures and conduct a second assessment on compliance with Pillar 3 requirements.
• Liquidity Risk Management: More detailed guidelines on liquidity cost allocation and a minimum standard for funding liquidity will be developed, if global momentum supports this.
• Supervisory Reporting: CEBS will revise its guidelines on COREP and FINREP, aligning them with upcoming changes in accounting standards and CRD revisions.
• Internal Governance: CEBS will restructure its guidelines on risk management based on high-level principles introduced in 2009 and align them with BCBS developments.

Priority 2 Activities

These activities are considered important but can be postponed if necessary. They include:

• Pillar 2 Topics: Business, strategic and reputational risk; interest rate risk in the banking book; and stress testing.
• Implementation of the CRD: Development of level 3 products, including refinements in the large exposure regime, updated guidelines on ECAIs, and enhanced operational risk guidance.
• Financial Conglomerates: CEBS will comment on the upcoming revisions of the Financial Conglomerates Directive (FCD) and monitor its impact on colleges of supervisors.
• Packaged Retail Investment Products (PRIPs): CEBS will continue its work on PRIPs, potentially commenting on legislative proposals expected from the EU Commission in late 2009 and mid-2010.

Priority 3 Activities

These activities will only be undertaken if resources are available. They include:

• Fit and Proper Requirements: Development of guidelines in collaboration with other level 3 committees.
• Risk Management for Clearing Members: Analysis of risk management aspects specific to banks operating as general clearing members.
• Non-Cooperative Jurisdictions: Updating and maintaining databases and lists of non-cooperative jurisdictions.

Key Information

• CEBS transitioned to the EBA by the end of 2010, necessitating organisational and technical preparations.
• The prioritisation scheme ensures that CEBS can respond swiftly to evolving financial market conditions.
• CEBS has been involved in multiple initiatives related to transparency, liquidity, risk management, and supervisory reporting, aiming to enhance consistency and effectiveness across the EU banking sector.
• CEBS has collaborated with CEIOPS and CESR on various projects, including cross-sectoral risk assessments and the development of supervisory tools.
• The work program for 2010 includes a detailed template of deliverables, which outlines priorities, deadlines, and status for each activity.