EBA欧洲银行-EBA-Multi-annual-Work-Programme-2016-2018_18页_333kb

EBA 2016-2018 Multi-Annual Work Programme Summary

Core Content

The European Banking Authority (EBA) outlines its 2016-2018 Multi-Annual Work Programme (MAWP), which defines its mission, objectives, and strategic areas of focus. The programme is based on the EBA's founding regulation (EU No 1093/2010) and aligns with the broader EU banking legislative framework, including the Capital Requirements Directive IV (CRD IV), Capital Requirements Regulation (CRR), Banking Recovery and Resolution Directive (BRRD), and Deposit Guarantee Schemes Directive (DGSD). It also takes into account the Payment Services Directive 2 (PSD2) and other regulatory initiatives.

Main Strategic Areas

1. Development and Maintenance of the Single Rulebook

• The EBA aims to contribute to a level playing field for financial institutions across the EU.
• It will focus on regulatory work related to CRD IV/CRR and BRRD, including the development of Guidelines, Regulatory Technical Standards (RTS), and Implementing Technical Standards (ITS).
• The EBA will enhance the Q&A tool and risk analytics to support consistent application of rules.
• It will also contribute to international policy development, especially with the Basel Committee on Banking Supervision (BCBS) and Financial Stability Board (FSB).

2. Promotion of Resolution Policy and Plans

• The EBA will assist in the development of resolution plans and assessment of resolvability for banking and investment groups.
• It will support resolution colleges and monitor their functioning, including cross-border issues.
• The EBA will be involved in mediation between resolution authorities and framework cooperation agreements with third countries.
• It will also review and improve existing technical standards and guidelines under BRRD.

3. Convergence of Supervisory Practices

• The EBA aims to ensure uniform implementation of regulatory and supervisory rules across all EU Member States.
• It will provide training to Competent Authorities (CAs) and promote supervisory convergence.
• The EBA will continue to develop the Single Supervisory Handbook and support the SREP (Supervisory Review and Evaluation Process).
• It will also assess the equivalence of third countries' frameworks and ensure consistency in risk-weighted asset (RWA) calculations.

4. Identification and Analysis of Microprudential Risks

• The EBA will monitor trends and risks in the EU banking sector, focusing on microprudential issues.
• It will maintain and develop its data infrastructure and risk analytics.
• The EBA will produce semi-annual risk assessment reports, quarterly dashboards, and thematic studies.
• It will also conduct EU-wide stress tests to ensure financial stability.

5. Supervisory Reporting and EU Data Hub

• The EBA will serve as a central data hub for EU banking data, enhancing transparency and data quality.
• It will maintain and update the Key Risk Indicators (KRIs) database and expand the contributing sample.
• The EBA will improve data collection, reporting, and analysis platforms, including risk dashboards and statistical annexes.
• The goal is to provide high-quality data for stakeholders and improve bank disclosures.

6. Consumer Protection and Financial Innovation Monitoring

• The EBA will focus on consumer detriment and ensure fairness, transparency, and simplicity in financial products and services.
• It will support the transposition of the Mortgage Credit Directive (MCD) and the Product Oversight and Governance (POG) framework.
• The EBA will also monitor financial innovation, including crowdfunding, personal data use, and virtual currencies.
• It will develop Guidelines and technical standards to enhance consumer protection and market transparency.

7. Secure, Efficient Payment Services

• The EBA aims to ensure secure, easy, and efficient payment services across the EU.
• It will develop requirements for payment service providers (PSPs), including public registers, complaints handling, and incident reporting.
• The EBA will also work on secure communication methods and strong customer authentication in collaboration with the European Central Bank (ECB).
• It will develop Regulatory Technical Standards (RTS) under the Interchange Fee Regulation (IFR) to ensure independence among payment card schemes and processing entities.

8. Institutional Competence and Corporate Governance

• The EBA will focus on improving its internal processes, effectiveness, and efficiency.
• It will enhance budgeting and financial management, procurement processes, and human resources (HR) policies.
• The EBA will implement a new communications strategy, maintain interactive tools, and improve IT infrastructure to support its work programme.

Key Information

• The EBA's mission is to build a single regulatory and supervisory framework for the EU banking sector to ensure a stable and efficient Single Market.
• The programme is three years long, with some areas more developed than others.
• The EBA will shift its focus from developing technical standards to enhancing supervisory culture and data infrastructure.
• Budgetary support is essential for the EBA to fulfill its mandates, especially in light of the economic constraints.
• The EBA will continue to collaborate with other ESAs and third-country authorities to ensure supervisory convergence and international alignment.

Conclusion

The EBA's 2016-2018 MAWP reflects a strategic shift towards consistency, transparency, and efficiency in EU banking regulation and supervision. It emphasizes the importance of data infrastructure, consumer protection, resolution frameworks, and international cooperation in shaping the future of the EU banking sector.