EBA欧洲银行-EBA-MB-2017-059rev1-28Final-Minutes-MB-04-April-201729_9页_338kb

EBA Management Board Meeting Summary – 04 April 2017

Core Content

The EBA Management Board (MB) convened on 04 April 2017 in London and reviewed a range of agenda items, including the approval of the agenda and minutes, administrative and operational status, whistleblowing policy, HR decisions, relocation plans, consultation on ESAs, data infrastructure project, valuation issues, and the provisional agenda for the upcoming Board of Supervisors (BoS) meeting.

Main Agenda Items and Key Points

1. Welcome, Approval of Agenda and Minutes

• The MB approved the provisional agenda and the minutes from the previous meeting (EBA MB 2017 034).
• Three applications for new MB members were received following the call for candidates, with the new member to be elected at the BoS meeting on 3–4 May 2017.

2. Administrative and Operational Status Report

• The EBA Director of Operations provided a detailed update on the 2017 budget execution.
• The EBA was working on the 2018 budget, with the College of Commissioners expected to adopt an opinion on the Single Programming Document by end of May.
• The e-Gate and Data Analytics projects were on track and within budget.
• MEPs had requested greater transparency in EBA meetings, especially regarding the publication of BoS minutes.

3. EBA Whistleblowing Policy

• The Executive Director submitted the whistleblowing policy for approval (EBA MB 2017 046).
• The policy had been reviewed by the European Data Protection Supervisor (EDPS) and included adjustments to enhance whistleblower privacy.
• The Ethics Officer and internal anti-fraud team explained the policy's scope and reporting procedures.
• The MB adopted the policy.

4. Decisions on HR Implementing Rules

• The Executive Director presented three HR decisions for adoption:
  • Protection of the dignity of the person and prevention of psychological and sexual harassment (EBA MB 2017 052).
  • Part-time work arrangements (EBA MB 2017 053).
  • Assessment of managerial performance (EBA MB 2017 054).
• The MB adopted all three decisions.

5. EBA Relocation – High-level Plans

• The EBA had prepared high-level plans for the relocation following the UK's withdrawal from the EU (EBA MB 2017 055).
• The relocation was assumed to occur during the summer holidays and the EBA would remain a separate legal entity.
• The impact assessment included budgetary costs, office space, procurement needs, and IT data centres.
• Members expressed concerns about potential staff losses and discussed mitigating measures.
• The EBA would provide support for staff relocation, including accommodation, schools, language training, and spouse employment.
• The Commission stated that the relocation decision was a matter for the Heads of State and Government, not the Commission.
• The MB took note of the report and agreed to revisit the mitigating measures once the new seat was decided.

6. Discussion on the Consultation on the ESAs Review

• The MB agreed to contribute to the Commission's public consultation on the ESAs (EBA MB 2017 040).
• A draft contribution would be circulated to the MB before the BoS meeting on 3–4 May 2017.
• The MB decided to maintain a neutral stance on the institutional setup of the ESAs and focus on detailing the main aspects of each option.
• The MB supported the idea of independent members in the Board for specific tasks, such as breach of Union law and mediation.
• Concerns were raised about the market funding formula and the possibility of a fourth fee for the EBA.
• The MB also agreed to the need for an independent budget line in the EBA's budget.

7. Process Note on ECAI Monitoring and Mapping

• The EBA Director of Regulation outlined a prioritisation plan for the monitoring and mapping of External Credit Assessment Institutions (ECAIs) under the CRR.
• The plan included producing mappings for newly established ECAIs and monitoring existing ones.
• The MB endorsed the planned work.

8. Data Infrastructure Project: Report of Workstream 1

• The final report of Workstream 1 was presented, outlining the scope and outcomes of the project.
• The EBA would not impose new reporting obligations but would automate the collection of existing national data.
• Quality assurance for smaller institutions would be more lenient during a phase-in period.
• The MB endorsed the report and agreed to table it at the BoS meeting for further endorsement.

9. Discussion on Valuation Issues

• The MB was asked to consider a holistic policy framework for valuation issues, but the discussion was postponed.
• The MB agreed not to proceed with the staff proposal.

10. Consistency of P2G with Stress Test Results

• The MB discussed the calibration of Pillar 2 Guidance (P2G) using either TSCR or a fixed threshold.
• A flexible approach was preferred, with the possibility of adjusting P2G based on stress test types.
• The MB agreed to a discussion at the BoS meeting on 27–28 June, with further elaboration on the topic.

11. Provisional Agenda for BoS 3–4 May Meeting

• Members requested the inclusion of updates on FinTech and the prudential regime of investment firms in the BoS agenda.

Additional Items

• Annual Audit Plan: The MB noted that the Commission's Internal Audit Service had selected "Information Security" as the new audit topic, starting in the last quarter of 2017.
• NPLs Data Standardisation: The Chairperson informed the MB of a request from Vice-President Dombrovskis for the EBA to explore guidelines on NPLs data standardisation for valuation and due diligence.
• BoS Away Day Agenda: The MB was invited to suggest topics for the BoS Away Day in Tallinn, Estonia, on 13–14 July 2017.
• Staff Grade and Position Maintenance: The MB agreed to maintain the position and grade of a staff member who opted out of a managerial role.

Conclusion

The meeting concluded with the MB endorsing several key documents and decisions, including the whistleblowing policy, HR decisions, and the data infrastructure project. The MB also agreed to contribute to the Commission's consultation on the ESAs and to delay the discussion on a holistic valuation policy. The relocation plans and potential merge with EIOPA were noted as possible future challenges, and the MB expressed readiness to address them if necessary.