Joint EBA and ESMA Guidelines on the Assessment of the Suitability of Members of the Management Body and Key Function Holders

EBA and ESMA guidelines on notion of suitability

European Banking Authority and the European Securities and Markets Authority guidelines on suitability aim to remedy weaknesses that were identified during the financial crisis regarding the functioning of the management body and its members. The guidelines aim to further improve and harmonize the assessment of suitability within the EU financial sector, and to ensure sound governance arrangements in institutions. 

Publisher: Regional Standard-Setting Bodies     Release date: Jul 2021    

Type: Guideline

Topics: Corporate governance

Sectors: Banking, Securities

Guide to Fit and Proper Assessments

Proposed revisions by the ECB

European Central Bank proposed revisions to its Guide to Fit and Proper Assessments and a new Fit and Proper Questionnaire. The revisions explain in greater detail the policy stances, supervisory practices and processes applied by the ECB when assessing the suitability of members of the management bodies of significant credit institutions and to specify the ECB's main expectations.

Publisher: Regional Standard-Setting Bodies     Release date: Jun 2021    

Type: Consultative, discussion and issues paper

Topics: Corporate governance, Licensing

Sectors: Banking

Draft Guidelines to Assess Breaches of the Large Exposure Limits

EBA draft guidelines on large exposure limits

European Banking Authority draft guidelines on criteria that banks should use to assess a breach of the large exposure limits. It details the criteria to determine the period of time and the measures for institutions to return to compliance with those limits. 

Publisher: Regional Standard-Setting Bodies     Release date: Feb 2021    

Type: Consultative, discussion and issues paper

Topics: Credit risk, Systemically important financial institutions (SIFIs)

Sectors: Banking

Deadline for comments: May 2021

Guide on Climate-related and Environmental Risks

ECB guide sets out how banks should prudently manage and disclose risks

European Central Bank guide outlines the ECB's understanding of the safe and prudent management of climate-related and environmental risks under the current prudential framework. It describes how the ECB expects institutions to consider climate-related and environmental risks - as drivers of existing categories of risk - when formulating and implementing their business strategy and governance and risk management frameworks. It explains how the ECB expects institutions to become more transparent by enhancing their climate-related and environmental disclosures.

Publisher: Regional Standard-Setting Bodies     Release date: Nov 2020    

Type: Guideline

Topics: Climate change

Sectors: Banking, Securities

Guidelines on Reporting and Disclosure of Exposures Subject to Measures Applied in Response to the COVID-19 Crisis

EBA guidelines on data gaps in supervisory reporting and disclosure associated with measures to deal with the pandemic

European Banking Authority guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis. They have been developed to address data gaps to ensure an appropriate understanding of institutions' risk profiles and the asset quality on their balance sheets both for supervisors and the wider public. 

Publisher: Regional Standard-Setting Bodies     Release date: Jul 2020    

Type: Guideline

Topics: Crisis management and contingency planning, COVID-19

Sectors: Banking