EBA欧洲银行-EBA-MB-2013-074-Final-28minutes-17-Sept-MB29_7页_280kb

EBA Management Board Meeting Summary - 17 September 2013

Core Content Overview

The EBA Management Board (MB) meeting on 17 September 2013 covered a range of topics related to regulatory coordination, work programme planning, stakeholder engagement, and internal organisational changes. The meeting took place in London from 9:30 to 15:15hrs.

Main Agenda Items and Key Points

1. Opening & Approval of Agenda and Minutes

• The agenda, along with the minutes from the June 2013 meeting and the August 2013 conference call, was approved.
• The Chairperson highlighted the EBA's response to the European Court of Auditors on the banking sector crisis and noted that the Court was expected to deliver its report by December 2013.

2. ESFS Review - Follow-up to the Away Day Discussion

• The MB was updated on the ESFS Review, including the meeting of ESAs' Chairpersons and Executive Directors on 16 September 2013.
• A follow-up meeting with EU Commissioner Michel Barnier was planned for 2 October 2013.
• The MB supported the proposal to draft a confidential letter to the EU Commission.
• A draft EBA opinion on the interplay between the EBA and the SRM was to be submitted to the next BoS meeting.

3. Interplay between the EBA and the SRM

• The topic was introduced by the Director of Regulation, focusing on three key issues:
  • Need for an institutional arrangement for effective cross-border coordination.
  • Importance of harmonizing national discretions within a European framework, particularly regarding bail-in.
  • Legal inconsistencies and uncertainties in applying the RRD and SRM simultaneously.
• The MB expressed concerns about premature institutional arrangements and emphasized the need for flexibility in national application.
• It was agreed to redraft the document on the interplay, focusing on the EBA's role and potential changes, and to submit a draft opinion to the next BoS meeting.

4. Draft 2014 Work Programme

• The Executive Director introduced the EBA's draft 2014 Work Programme, which was more stable due to the adoption of the CRDIV/CRR legislative framework.
• The EBA will prioritize tasks with legislative deadlines in 2014, including work on LCR and RWA.
• The MB noted the challenges in meeting deadlines due to resource constraints and the difficulty in recruiting SNEs.
• The draft work programme was approved for endorsement by the BoS via written procedure.

5. CRR/CRD Notifications Project

• The EBA is launching a notifications project to handle all CRD4/CRR notifications, supported by the Supervisory Disclosure Task Force.
• The project includes the development of a secure database for sanctions and an IT solution for processing notifications.
• The MB approved the project, with the EBA staff preparing a project brief for further discussion.

6. IT Issues in Implementation of ITS Supervisory Reporting Obligations

• Concerns were raised about data collection and reporting timelines.
• The EBA will not issue a new detailed instructions manual due to resource constraints.
• The Q&A process will be used to address data inconsistencies, and the SCARA Chairperson was invited to discuss the issue further.

7. Selection of Composition of the Banking Stakeholder Group (BSG)

• The MB approved the renewed BSG composition, which was based on informal feedback and aimed for geographical and gender balance.
• Some changes to the shortlist were suggested, but the final proposal was accepted.

8. Amendment to the Banking Stakeholder Group Reimbursement Policy

• The EBA proposed increasing the yearly reimbursement ceiling for the "Users of Banking Services" category.
• The MB approved the changes to align with the EBA Regulation and other ESAs' policies.

9. Structure of Standing Committees and Selection of Chairs

• Proposals for internal review of SC structures and the election of Co-Chairs were discussed.
• The MB did not agree to a full review of SC structures but approved a call for applications for SC Chairpersons.

10. Administrative and Operational Status Report

• The Director of Operations provided an overview of supporting areas since the June 2013 meeting.
• The MB took note of the report.

11. Project Charter: EBA Reporting - Release 1 - December 2013

• The objective was to migrate data from BdF systems to domestic IT systems by 31 December 2013.
• The MB approved the project charter.

12. Proposal for New Organisational Changes

• The EBA proposed renaming the "Consumer Protection Unit" to "Consumer Protection and Financial Innovation Unit" and creating a single "Legal Unit".
• Both proposals were approved, with the Legal Unit effective from 1 January 2014 and the name change taking immediate effect.

Additional Items (A.o.B)

• BoS Draft Agenda: A draft BoS agenda was tabled, and the MB was invited to provide comments on possible items for written procedure.
• Legal Identity Identifier (LEI): A recommendation was proposed to make LEI mandatory for institutions under EBA's competence.
• Q&A on the Single Rule Book: The EU Commission suggested increasing the use of category 3 Q&A and involving the EBA in category 1 responses. The next SCREPOL meeting would address these suggestions.

Conclusion

The MB meeting concluded with the approval of several key proposals and decisions, including the launch of the notifications project, the new organisational changes, and the EBA's 2014 work programme. The EBA also received support for drafting a letter to the EU Commission and for the recommendation on LEI. The meeting emphasized the need for coordination, flexibility, and alignment with European regulatory frameworks.