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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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Figure 4:
Breach of Union law cases handled in 2016
Inadmissible
20%
National authorities give full
efect to Union Law after
preliminary enquiries
13%
Not open investigation because other
more suitable body or means for
dealing with the request
20%
Pending at the end 2016
47%
Conducting peer reviews
In 2016, the Review Panel conducted a peer
review of the ITS on Supervisory Reporting.
This peer review started in October 2015 and
the final report was approved by the BoS in De-
cember 2016. The exercise consisted of a self-
assessment carried out by CAs, followed up by
the review conducted by peers. It was the first
time that the EBA’s Review Panel performed
on-site visits to all EU CAs, plus the ECB/SSM
and three EFTA countries. Overall, the exer-
cise concluded that there were no significantly
negative outliers and all CAs had set up fully
or largely comprehensive processes to monitor
institutions’ reporting and assess data quality.
Impact assessment
of regulatory proposals
In 2016, the EBA published two reports on
monitoring the impact of the transposition of
the Basel III requirements in the EU – in March
for data as at June 2015, and in September for
data as at December 2015 – under a static bal-
ance sheet assumption. In addition, the EBA
conducted several ad-hoc monitoring exer-
cises to assess the impact of the new Basel
reforms on EU banks. In 2016, these ad-hoc
exercises included Quantitative Impact Stud-
ies (QISs) on BCBS proposals relating to credit
risk (Internal Ratings-based Approach and
Standardised Approach), FRTB, operational
risk, LR and output floors on the total RWA.
At the end of 2016, the EBA published a Re-
port on the cyclicality of banks’ capital re-
quirements under the applicable regulatory
framework in the EU (CRD IV/CRR), assess-
ing whether that framework tends to amplify
feedback loops between bank capital and the
real economy in a procyclical manner. The
EBA also published two reports on the imple-
mentation of the MREL, a report on liquidity
measures under Article 509(1) and the review
of the phase-in of the liquidity coverage re-
quirement under Article 461 of the CRR.
Maintaining the
Interactive Single Rulebook
Much work has again gone into answering
questions from stakeholders regarding the in-
terpretation and implementation of the Single
Rulebook. By 31 December 2016, around 3 075
questions (compared with 2 550 at the end of
2015) were submitted via the web interface.
Of these about 1 120 were rejected or deleted
(up from about 930 at the end of 2015), about
1 110 answered (up from about 830 at the end
of 2015) and about 845 are currently under re-
view (up from about 790 at the end of 2015). Of
the questions under review, about 95 are on
the BRRD and about five are on the DGSD. The
remaining c. 745 are on the CRR-CRD, with
the majority (about three quarters) focusing
on reporting issues, followed by questions on
credit risk, liquidity risk, own funds and mar-
ket risk-related issues.