Page 47 - 2013.2802_Web1

Version HTML de base

2 0 1 2 a n n u a l r e p o r t
45
4.2. Oversight
In 2013 the EBA staff will continue its efforts
to improve information exchange among com-
petent authorities by promoting good prac-
tices identified through its participation in
college and CMG meetings and by providing
guidance, e.g. through its intended develop-
ment of a good practices document focused
on emergency plans, in order to help improve
and coordinate actions and information flows
in times of heightened concern.
In 2013, the European Commission will pub-
lish the final text of the directive on bank re-
covery and resolution. This will launch a new
regime for crisis management in Europe, in-
cluding resolution authorities and resolution
colleges. It is expected that the role of the EBA
will be developed under this directive and ad-
ditional tasks and responsibilities will be as-
signed to it.
The EBA intends to become more active in its
engagement in CMGs and CBSGs in 2013 and
will actively monitor the compliance with the
recommendation on recovery plans. In this
respect, the EBA will contribute to the devel-
opment of recovery plans through highlighting
best practices and encouraging the adoption
of common templates and structures.
The EBA will continue its policy work for the
development and delivery to the European
Commission of technical standards (TS). The
preparatory work on the standards that already
started in 2011 and intensified in 2012 will
lead to the publication of consultation ­papers
on some of these standards (joint decision on
capital, information exchange and passport
notification) by mid-2013, albeit subject to the
finalisation of the legislative proposals and in
line with the deadlines envisaged in the CRD
IV for the respective standards. Further TS on
colleges of supervisors and joint decisions for
model validation and liquidity will continue for
their delivery to the EC by end-2014.
The EBA will also continue its risk analysis
work, including work on bank funding, risk as-
sessment reports, and work to further build
the data infrastructure and reporting frame-
works. During 2013, the following pieces of
work will be completed or continued:
ƒ
ƒ
Euribor investigation with a recommenda-
tion due in January 2013;
ƒ
ƒ
risk-weighted asset consistency with an in-
terim report due in February 2013;
ƒ
ƒ
common definitions of forbearance and non-
performing loans with a consultation paper
due in March 2013.
The EC’s proposal for the establishment of
the SSM is expected to be consistent with
the objective of enhancing the convergence
of ­supervisory practices across the whole single
market. The EBA is best placed to prevent
such inconsistencies and is expected to create
a supervisory manual or handbook in conjunc-
tion with all EU supervisors, including with
the SSM. Furthermore, it will continue to be
deeply involved within colleges of supervisors,
especially those of credit institutions operat-
ing in both the SSM and non-SSM countries.
4.3. Consumer protection
The EBA will increase the quality of its out-
puts and deliverables by building up a much
stronger evidence base on consumer trends
and wider market developments through
which the need for EBA action can better be
identified. It will also intensify its cooperation
with the other two ESAs, with EBA’s Banking
Stakeholder Group, and will set out more ex-
plicitly how the EBA and its Standing Commit-
tee on Consumer Protection and Financial In-
novation (SCConFin) will jointly develop policy
and carry out initiatives. The EBA will also
collaborate with EIOPA and ESMA in preparing
the Joint Consumer Protection Day in 2013.
Regarding the substance of its consumer pro-
tection work, the EBA will pick up several of
the issues identified in the EBA Consumer
Trends Report 2012. This includes work on
consumer issues arising from new forms of
raising liquidity by credit institutions, security
issues arising from new technologies used for
banking services, and responsible lending.
The last of these areas is expected to result
in an EBA opinion on good practices for re-
sponsible lending and an EBA opinion on good
practices for the treatment of borrowers in ar-
rears, in the second quarter of 2013. Depend-
ing on the outcome of the pending directive
on credit agreements relating to residential
property, these opinions could be the starting
point for developing guidelines later that year.
Further outputs are envisaged on complaints
handling, structured products, and product
oversight and governance.