02 October 2019

ESAs Joint Committee defines its priorities for 2020

As of 2020, the Joint Committee will have an amended scope. The work on cybersecurity and retail financial services and depositor, consumer and investor protection issues are now being emphasised. In addition to that, the Joint Committee’s competence for anti-money laundering matters will be transferred to a permanent internal committee of the EBA, where ESMA and EIOPA will continue to contribute to the EBA’s new centralised competence.

In 2020, the Joint Committee will continue to focus its work on consumer protection issues, such as finalising proposals to amend the PRIIPs KID RTS, as well as continuing to provide guidance for the PRIIPs Regulation where necessary. The Joint Committee will also continue its work in developing technical standards for sustainability related disclosures, as well as monitoring and analyzing financial technology innovations. For the European Forum for Innovation Facilitators (EFIF), the Joint Committee will further promote coordination and cooperation among national innovation facilitators to foster the scaling up of innovation in the financial sector in line with the FinTech Action Plan. The EFIF Work Programme is also annexed to the Joint Committee Work Programme. The Joint Committee will continue to be an important forum for discussing key crosssectoral trends and vulnerabilities to financial stability, with the publication of bi-annual crosssectoral Risk Reports and its submission to the EFC-FST. In the area of Financial Conglomerates, the Joint Committee will further develop and finalise its work on specific reporting formats for financial conglomerates. 

In addition, the Joint Committee will continue to serve as important body for addressing other cross-sectoral matters such as the cross-sectoral mandates and questions (Q&As) stemming from the Securitisation Regulation, and the work to make the Joint Committee the coordination platform of data collected.

Full work programme on EBA

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