30 May 2023

EBA consults on new RTS and ITS on supervisory colleges

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) and draft Implementing Technical Standards (ITS) on the functioning of supervisory colleges under the Capital Requirements Directive (CRD). These new technical standards will ensure that the Level 2 framework for the functioning of supervisory colleges is better aligned with the Level 1 regulation and able to promote a more efficient and effective supervision of cross-border banking groups. The consultation runs until 30 August 2023.

The RTS and the ITS on colleges of supervisors are being updated by 1) implementing the requirements laid down in the CRD V and CRR 2 as well as 2) reflecting the observations from the EBA’s ongoing college monitoring activity on the functioning of supervisory colleges.

The main updates covered the following areas:

• enhanced information exchange within the college, as well as with observers, in going concern and in emergency situations
• effective identification of emerging risks in case of an event of adverse material impact on the risk profile of the group or its entities;
• appropriate use of the possibility for “entrustment of tasks and delegation of responsibility”, when it facilitates efficient and effective supervision of cross-border banking groups.

EBA

full paper

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