October 12, 2016
The European Banking Authority (EBA) has published 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).
In particular, in 2017-2020, the EBA will:
- continue to play a central role in developing and maintaining the Single Rulebook for banking in the EU;
- promote efficient and coordinated crisis management of credit institutions, investment firms and financial market infrastructures in the EU;
- 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;
- identify and analyse trends, potential risks and vulnerabilities stemming from the micro prudential level across borders and sectors;
- 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;
- protect consumers, monitor financial innovation and contribute to easy retail payments in the EU; and finally
- be a competent, responsible and professional organization, with effective corporate governance and efficient processes.
The EBA’s priorities for 2017 will be to 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.
Further details can be found in the full press release here.