EBA欧洲银行-EBA-MB-2014-039-28Final-Minutes-MB-Meeting-22-January-2014_9页_346kb

EBA Management Board Meeting – Summary (22 January 2014)

Core Content

The EBA Management Board (MB) convened on 22 January 2014 in London to review and approve various agenda items related to regulatory tasks, operational updates, and strategic planning. The meeting focused on the implementation of the Bank Recovery and Resolution Directive (BRRD), IT projects, the creation of a task force on virtual currencies, and the preparation of the 2015 preliminary draft budget.

Main Agenda Items and Key Points

1. Approval of Minutes and Agenda

• The minutes of the 20 November 2013 meeting and the current agenda were approved.
• The implementation of BRRD, which will enter into force on 1 January 2015, is expected to be challenging due to the complexity and political sensitivity of the EBA's guidelines and technical standards.

2. Role and Implication for the EBA given the BRRD

• The EBA is tasked with setting up a Resolution Committee (ResCo), which is a key element of the BRRD.
• The ResCo must assist the Board of Supervisors (BoS) while also playing a major role in resolution matters.
• The MB supported the prioritization of BRRD deliverables and agreed to communicate this to the EU Commission, noting potential delays.
• Further discussion on ResCo structure was planned for the June or September BoS meeting.

3. Calls for Advice from the EU Commission

• The EBA received several calls for advice (CfA) from the EU Commission for reports and implementing acts in 2014.
• Due to resource constraints, the EBA would prioritize contributions that align with its existing mandates or have significant prudential impact.
• The EU Commission expressed understanding of the EBA's challenges and requested a pragmatic approach, allowing at least some response on each CfA.
• The MB agreed to draft a response to the EU Commission and discussed the possibility of delegating some tasks to National Competent Authorities (NCA).

4. EBA Capital Recommendation and Potential Waivers

• An update on the EBA's capital recommendation and potential waivers was provided.
• The EBA is in the process of gathering pending information from national competent authorities.

5. Creation of Task Force on Virtual Currencies

• A proposal for a task force on virtual currencies was presented.
• The MB generally supported the creation of the task force, with suggestions to include IT skills and use resources efficiently.

6. Proposed Change of Approval Process for XBRL Reporting Formats

• The EBA proposed delegating the approval of XBRL data format specifications to the IT Sounding Board XBRL Subgroup.
• The majority of MB members supported the proposal, but some concerns were raised regarding budgetary impacts.
• Safeguards were suggested to allow escalation to higher levels if necessary.

7. IT Project Update on Data Collection

• An update on the data collection IT project was given, highlighting tight timelines and the need for testing with all NCAs.
• The MB approved the scoping phase of the project and requested regular updates.

8. 2014 EU-wide Stress Test

• The MB was updated on the high-level meeting and the draft communication.
• There was broad support for the communication and methodology, with some concerns about national tests affecting the EU-wide framework.
• A staggered communication approach was agreed upon, with the EBA releasing its press release first, followed by the ECB.

9. Draft BoS Agenda

• The draft BoS agenda was presented for approval.
• The MB agreed to receive the draft agenda one week after the MB meeting.

10. Administrative and Operational Report

• The MB took note of the 2013 operational report and approved the 2014 Procurement Plan and a carry-over request of €60,000.

11. Outcome of the Selection of EBA Premises

• A new selection procedure was initiated for EBA premises.
• Three buildings were shortlisted and negotiations with landlords were underway.
• A proposal for the Long Term Office Solution will be submitted for approval in the coming days.

12. 2015 Preliminary Draft Budget

• The 2015 preliminary draft budget was to be submitted for approval via written procedure due to the lack of a quorum.
• The budget would also be sent to the DG Market (EU Commission) for revision and to the European Parliament and Council.

13. New Staff Regulations and Multiannual Staff Policy Plan

• These items were to be approved by written procedure due to the quorum issue.

14. Revised Nursery Contribution Annual Threshold and Amendment of Implementing Rules

• These items were also to be approved by written procedure.

15. Request for Appraisers of the EBA Chairperson and Executive Director

• The 2013 performance appraisals for the Chairperson and Executive Director were discussed.
• An email was circulated to the MB to seek volunteers to act as Reporting Officers for the appraisals.

Conclusion

The MB supported the EBA's strategic direction and operational updates, while also acknowledging the challenges related to resources and timelines. Key decisions included the approval of the draft BoS agenda, the prioritization of BRRD deliverables, and the creation of a task force on virtual currencies. The EBA will continue to work on the implementation of the BRRD, the stress test communication, and the IT project, with further discussions planned for upcoming meetings.