Page 50 - EBA 2015.1815 Annual report 2014 web 2

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E U R O P E A N B A N K I N G A U T H O R I T Y
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The processes behind the EBA’s work on
the Single Rulebook
The EBA consults all its stakeholders on a reg-
ular basis to ensure their views and concerns
are taken into account in the EU policy mak-
ing process. Behind the EBA’s development
work on the Single Rulebook is a considerable
amount of consultation and support activity.
In 2014, this has included the development
of a Q&A process; impact assessment work;
legal support in drafting technical standards,
guidelines and recommendations; the correct
application of Union law; compliance against
global standards; and the involvement of
stakeholders in the EBA’s work.
Developing the Single Rulebook Q&A process
The Single Rulebook Q&A tool offers a one-
stop interface for NSAs, institutions and their
associations, as well as other stakeholders, to
submit questions on the practical application
and consistent implementation of EU regula-
tion in the EU banking sector. This tool provides
clarifications on the CRD IV, the CRR, related
technical standards (RTS and ITS) developed
by the EBA and adopted by the Commission
and EBA guidelines. The Single Rulebook
Q&A drives the application of the regulatory
framework in a consistent and effective man-
ner across the EU single market; it has an
important role in contributing to the building
of the Single Rulebook in banking regulation.
The process entails close and ongoing inter-
action between the EBA, its members and the
Commission, to ensure the answers are fully
consistent with EU legislative texts.
Much work has gone into answering questions
from stakeholders as regards to the interpre-
tation and implementation of reporting re-
quirements. In 2014, almost 50 questions per
month were raised on reporting topics via the
Q&A tool on the EBA website.
By 31 December 2014, about 1 700 questions
had been submitted through the Q&A process.
580 Q&As have been finalised and published,
520 questions are currently under review in
various stages of the process and about 600
submissions have been rejected as they were
redundant or inappropriate.
In 2014, the majority of questions were sub-
mitted by institutions and focused mainly
on the areas of Supervisory Reporting, Own
Funds, Credit Risk and Liquidity Risk.
Below are some more specific figures related
to 2014, with highlights of visiting peaks:
Since its launch in 2013, the EBA has contin-
ued to update, improve and review the web-
based Q&A tool. The changes introduced
focused on a stricter prioritisation; the possi-
bility to regroup questions; and the publication