da Maineri Bruno | Ott 29, 2016 | Eba, Governance
Deadline: 28/01/2017 |
The European Banking Authority (EBA) launched today a public consultation on its revised Guidelines on internal governance. These draft Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new requirements in this area introduced in the Capital Requirements Directive (CRD) and also taking into account the proportionality principle. The consultation runs until 28 January 2017.
Weaknesses in corporate governance in a number of institutions have contributed to excessive and imprudent risk-taking in the banking sector, which has led to the failure of individual institutions and systemic problems in Member States and globally. In order to address the potentially detrimental effects of poorly designed corporate governance arrangements on the sound management of risk, and to take into account the new requirements introduced in the CRD in this area, the EBA is updating its Guidelines on internal governance, originally published on 27 September 2011.
These draft Guidelines put more emphasis on the duties and responsibilities of the management body in its supervisory function in risk oversight, including the role of their committees. They aim at improving the status of the risk management function, enhancing the information flow between the risk management function and the management body and ensuring effective monitoring of risk governance by supervisors. The ‘know-your –structure’ and complex structures sections, especially following the ‘Panama events’, have been strengthened to ensure that the management body is aware of the risks that can be triggered by complex and opaque structures and to improve transparency. In addition, the framework for business conduct has been further developed and more emphasis is given to the establishment of a risk culture, a code of conduct and the management of conflicts of interest.
Finally, more guidance is provided on the risk management framework, on how internal control functions are organised and how internal controls are implemented.
Documenti
da Maineri Bruno | Ott 28, 2016 | Eba, Governance
28 October 2016
The European Banking Authority (EBA) launched today a public consultation on its revised Guidelines on internal governance. These draft Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new requirements in this area introduced in the Capital Requirements Directive (CRD) and also taking into account the proportionality principle. The consultation runs until 28 January 2017.
Weaknesses in corporate governance in a number of institutions have contributed to excessive and imprudent risk-taking in the banking sector, which has led to the failure of individual institutions and systemic problems in Member States and globally. In order to address the potentially detrimental effects of poorly designed corporate governance arrangements on the sound management of risk, and to take into account the new requirements introduced in the CRD in this area, the EBA is updating its Guidelines on internal governance, originally published on 27 September 2011.
These draft Guidelines put more emphasis on the duties and responsibilities of the management body in its supervisory function in risk oversight, including the role of their committees. They aim at improving the status of the risk management function, enhancing the information flow between the risk management function and the management body and ensuring effective monitoring of risk governance by supervisors. The ‘know-your –structure’ and complex structures sections, especially following the ‘Panama events’, have been strengthened to ensure that the management body is aware of the risks that can be triggered by complex and opaque structures and to improve transparency. In addition, the framework for business conduct has been further developed and more emphasis is given to the establishment of a risk culture, a code of conduct and the management of conflicts of interest.
Finally, more guidance is provided on the risk management framework, on how internal control functions are organised and how internal controls are implemented.
Consultation process
Comments to this consultation can be sent to the EBA by clicking on the “send your comments” button on the consultation page. Please note that the deadline for the submission of comments is 28 January 2017.
A public hearing will take place at the EBA premises on 5 January 2017 from 14: 00 to 17:00 UK time. All contributions received will be published following the end of the consultation, unless requested otherwise.
Legal basis and next steps
These draft Guidelines have been developed on the basis of Article 74 of Directive 2013/36/EU, which mandates the EBA to further harmonise institutions’ governance arrangements, processes and mechanisms across the EU
Competent Authorities across the EU will be expected to implement the Guidelines by mid-2017.
The EBA Guidelines will apply to Competent Authorities across the EU, as well as to institutions on a solo and consolidated basis. Once the revised Guidelines are enforced, the 2011 Guidelines will be repealed.
Press contacts:
Franca Rosa Congiu
E-mail: press@eba.europa.eu – Tel: +44 (0) 207 382 1772
da Maineri Bruno | Ott 28, 2016 | Eba
Safe and sound banks for a strong economy – The benefits and challenges of European banking supervision
Slides from the presentation
da Maineri Bruno | Ott 22, 2016 | Eba, SSM
In un intervento svolto il 6 ottobre 2016 ad Amsterdam al De Nederlandsche Bank’s ‘Netherlands Day’, Ignazio Angeloni, Member of the Supervisory Board of the ECB, ha passato in rassegna le sfide che incontra il Single Supervisory Mechanism.
da Maineri Bruno | Ott 13, 2016 | Eba
EBA publishes work programme for 2017
Related documents:
EBA 2017 Work Programme [PDF, 706KB]
Related links:
EBA 2017 Work Programme
12 October 2016
The European Banking Authority (EBA) published today its detailed annual work programme for 2017, describing the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting the key strategic areas of work in the coming years (from 2017 to 2020).
The EBA’s work for 2017-2020 is defined under seven strategic areas and 38 activities. The programme includes a description of the Authority’s strategic areas of activity, expected results and outputs.
It has been developed on the basis of the of the tasks specified in the Authority’s founding Regulation as well as of the various mandates and legislative proposals received and envisaged in the area of financial and banking regulation.
In particular, in 2017-2020, the EBA will (i) continue to play a central role in developing and maintaining the Single Rulebook for banking in the EU; (ii) promote efficient and coordinated crisis management of credit institutions, investment firms and financial market infrastructures in the EU; (iii) promote convergence of supervisory methodologies and practices to a high standard so as to ensure that regulatory and supervisory rules for going concern and crisis situations are implemented consistently across the EU; (iv) identify and analyse trends, potential risks and vulnerabilities stemming from the microprudential level across borders and sectors; (v) maintaining and developing the common supervisory reporting framework, as well as acting as the EU data hub for the collection, use and dissemination of data on EU banks; (vi) protect consumers, monitor financial innovation and contribute to easy retail payments in the EU; and finally (vii) be a competent, responsible and professional organization, with effective corporate governance and efficient processes.
As to the priorities for 2017, the EBA will focus on liquidity and leverage ratio, credit risk and credit risk modelling, recovery planning and early intervention, promoting convergence, and improving the framework for the protection of consumers and the monitoring of financial innovation.
In addition, the EBA expects a considerable number of legislative reforms from the Commission that will affect the 2017 planned work, such as the review of the CRR and the consequence of the Basel Committee on Banking Supervision (BCBS)’s revision of the trading book, the implementation of the total loss absorbing capacity (TLAC) requirements in the EU prudential regulatory framework, the fundamental review of the trading book (FRTB), further work related to proportionality in the regulatory framework and changes to the securitisation framework in the context of the Capital Market Union (CMU).
This additional work will require a reprioritisation exercise in light of the budget and resources constraints and, therefore, a focussing on the EBA’s strategic areas for its future development. With this in mind, the EBA intends to expand its ability to collect supervisory data from EU competent authorities to capture the overall of EU banking sector, which would significantly improve its analysis of the impact of regulation and enhance its transparency work.
Press contacts:
Franca Rosa Congiu
E-mail: press@eba.europa.eu – Tel: +44 (0) 207 382 1772
da Maineri Bruno | Ott 5, 2016 | Eba, Lavoro - posizioni in offerta
Traineeships 2017
Traineeship offered by the EBA to young university graduates
EBA offers traineeship opportunities addressed mainly to young university graduates at the beginning of their professional career. The traineeship candidates are expected to have completed the first cycle of a higher education course (university education) and obtained a full degree certificate or its equivalent by the closing date of applications.
The current traineeship opportunities are open for the period from six to nine months starting from the first quarter of 2017. The aim of this call for applications is to establish a reserve list of candidates who may be offered traineeship at the EBA in the year 2017.
Leggere requisiti e procedura per concorrere
