The European Commission has adopted last June 12 a delegated act that postpones by one additional year – until 1 January 2027 – the date of application of the one remaining part of the Basel III international standards in the EU – the Fundamental Review of the Trading Book (FRTB). The FRTB aims to introduce […]
Eurogroup statement on the future of the Banking Union of 16 June 2022
The Eurogroup in inclusive format issued a statement on the future of the Banking Union. The creation of the Banking Union in 2014 was a powerful response to the financial crisis, with significant progress on an EU single rulebook, on the establishment of a new European architecture for supervision and resolution, and on reducing risks. This has […]
European Banking Authority Traineeships
The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector. Each year, the European Banking Authority […]
The Future of Bank Resolution after the General Court’s Tercas Judgment
The genesis of the EU bank resolution framework was based on the fundamental principle that failing financial institutions could not receive external financial support, be it industry financing or state aid unless they had first internalized their losses by placing the burden at least upon shareholders and junior creditors. However, the General Court’s ruling in the Tercas case in March […]
EU financial regulators highlight risks of a no-deal Brexit and search for yield
The European Union’s (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, according to the latest report on “Risks and Vulnerabilities in the EU Financial System” published today by the Joint Committee of the European Supervisory Authorities (ESAs). The 2019 Autumn ESAs’ report highlights the following risks as potential sources of […]
ECB European Cultural Days 2019: Celebrating 20 years of the euro
Since its launch in 2003 the European Cultural Days of the ECB has featured artists from 15 EU countries. This year’s events mark the euro’s 20th anniversary and will be dedicated to Europe. Four concerts, including an open air riverside concert and a chamber music evening at the ECB, will bring a wide variety of […]
European Banking Authority
Access to the official webpage and the social networks Overview Role: to build a single regulatory and supervisory framework for the entire EU banking sector Chairperson: José Manuel Campa Executive Director: François-Louis Michaud Set up: 2011 Staff: 208 Location: Paris (France) The EBA is the EU agency tasked with implementing a standard set of rules to regulate and supervise banking across all EU […]