E X E C U T I V E S U M M A R Y O F T H E A N N U A L R E P O R T 2 0 1 6
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Ensuring effective and
transparent processes
to support the EBA’s work
Involving stakeholders
in the EBA’s regulatory work
A key part of the EBA’s engagement with
stakeholders is through the Banking Stake-
holder Group (BSG). The BSG’s view is sought
on actions concerning RTS and ITS, guidelines
and recommendations, to the extent that these
do not concern individual financial institutions.
In 2016, the BSG provided opinions on 16 con-
sultation papers, including three submissions
to Joint Committee consultation papers and
three responses to EBA discussion papers.
The third term of the BSG started on 18 April
2016. Of the 30 newmembers, six were already
participating in the BSG, two were reappointed
and 17 were new members representing cred-
it and investment institutions (three of whom
represent savings or cooperative banks), con-
sumers and users, academics, SMEs and em-
ployees of financial institutions.
Engaging with EU resolution authorities
In 2016, the EBA intensified its efforts in terms
of engagement with national resolution au-
thorities and the Single Resolution Board
(SRB) to monitor and support their harmo-
nised implementation of the crisis manage-
ment framework and contribute to consistent
and effective resolution planning across Eu-
rope. A number of tasks were undertaken to
support this objective:
a focused training programme for resolu-
tion authorities and competent authorities
on key aspects of the regulatory framework
for resolution;
a survey on the organisational aspects of
national resolution authorities;
active bilateral engagement with a number
of national resolution authorities.
Breach of Union law
In 2016, the EBA received 11 requests to inves-
tigate an alleged breach or non-application of
Union law. From a thematic perspective, the
number of cases is too limited to identify trends,
although four of the requests related to govern-
ance of credit institutions and two to issues re-
garding deposit guarantee schemes. The other
requests raised questions related to the BRRD,
the MCD, security of internet payments and the
Payment Services Directive, and anti-money
laundering supervision. A revised EBA Decision
adopting Rules of Procedure for Investigation of
Breach of Union Law was adopted by the Board
of Supervisors on 23 December 2016.