Digital Economy – FinConf News

The European Banking Authority (EBA) published today an online survey to receive input from credit institutions on their practices and views in the area of disclosure of information on environmental social governance (ESG) risks. The survey, which is addressed to large credit institutions that will be required to disclose prudential information on ESG risks, aims to support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance. The deadline for the call for input is 16 October 2020. [...]

EBA calls on the EU Commission to establish a single rulebook on fighting money laundering and terrorist financing

10 September 2020

The European Banking Authority (EBA) published today its response to a European Commission’s call for advice on how to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT). The European Commission issued this call for advice to the EBA to take advantage of its technical expertise across all areas of financial services regulation and because the EBA has a legal duty to lead, coordinate and monitor the EU financial sector’s fight against ML/TF. [...]

EBA issues revised list of ITS validation rules

10 September 2020

The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those, which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules. [...]

EBA publishes its 2019 Annual Report on resolution colleges

1 September 2020

The European Banking Authority (EBA) published today its Annual Report on resolution colleges for 2019. The Report sets out the EBA’s observations on the efficiency, effectiveness and consistency of the functioning of resolution colleges during the year and the progress achieved in key areas of resolution planning. It also highlights the main areas that the EBA will monitor in 2020, which primarily address responses to the effects of the Covid-19 pandemic. Overall, the Report shows that resolution colleges continue to be an active forum for resolution authorities in the development of resolution plans for cross-border banking groups, where the intensity… [...]

François-Louis Michaud starts today as new EBA Executive Director

1 September 2020

François-Louis Michaud has started today his new role as Executive Director of the European Banking Authority (EBA). Michaud, who was confirmed in this role after a plenary vote in the European Parliament on 8 July 2020, will serve a five-year renewable term. [...]