A recent European Banking Authority (EBA) report outlines key challenges relating to the increased adoption of big data and advanced analytics. Big data and advanced analytics – including machine learning – are increasingly prevalent in the banking industry, with their use only set to expand in future. Two-thirds of credit institutions surveyed by the EBA […]
European banks are seeking clarification on the European Banking Authority’s (EBA’s) e-money transaction and reporting regulations. Following an EBA workshop, banks from nine European countries have endorsed a note requesting clarification on the definition of e-money transactions and the related reporting requirements. EBA’s guidelines on fraud reporting under PSD2 require banks to report fraudulent e-money […]
This week the European Banking Authority (EBA) launched a public consultation on specific supervisory reporting requirements for market risk. These reporting requirements form the first part of the Fundamental Review of the Trading Book (FRTB) introduced by the revised Capital Requirements Regulation (CRR2) in the prudential framework of the EU. This consultation paper includes proposals […]
On November 5 the European Banking Authority (EBA) published an updated version of data point model 2.9.1, the accompanying taxonomy, and an updated list of validation rules. Updates to the reporting framework will take effect at different dates dependent on regulatory requirements. Find the updates and all related files here.
The European Banking Authority (EBA) have pushed back the deadline for the migration to Strong Customer Authentication (SCA) standards across Europe until 31 December 2020, giving national authorities a 15-month extension to implement the new rules. EBA have acknowledged a lack of clarity around the complex requirements and the importance of a harmonised approach across […]
The European Banking Authority (EBA) have published a report calling on the European Commission to improve conditions for cross-border banking and payments services within the EU. The report identifies two main impediments to cross-border banking and payments reaching their full potential in Europe. Firstly, clearer communications are needed to better identify when a digital activity […]
Good news from the European Banking Authority (EBA) this week as their periodic risk assessment of the EU banking sector shows stable capital ratios and improving asset quality. The Risk Dashboard’s second quarter update, which summarises the main risks and vulnerabilities in the EU banking sector, shows steady improvement despite the challenges of low profits […]
The European Banking Authority (EBA) has published final draft amendments to the Implementing Technical Standards (ITS) on supervisory reporting under the FINREP framework. The amendments aim to improve reporting requirements on non-performing exposures and forbearance. Changes to the reporting requirements on profit or loss items, including requiring operating and administrative expenses, have also been made. […]
More news from Europe this week as the European Banking Authority (EBA) have published an update to the Implementing Technical Standards (ITS) on supervisory reporting, forming part of the EBA’s reporting framework v2.9. The ITS updates are designed to keep reporting requirements in line with changes in the regulatory framework that respond to an evolving […]
On 25 February the European Banking Authority (EBA) published new guidelines on outsourcing arrangements for financial institutions. Many financial institutions have been adapting their business models to take advantage of increased digitisation and the growing importance of Fintech firms. Often, this takes the form of outsourcing – a relatively simple way to harness innovation and […]
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