On June 18, 2018, the European Banking Authority published its Annual Report for 2017.
The Annual Report summarizes the progress made in a number of workstreams undertaken by the EBA in 2017, including the EBA's work on: (i) developing and maintaining an EU Single Rulebook for banking; (ii) promoting supervisory convergence; (iii) developing resolution policies and promoting common approaches for the resolution of failing financial institutions; (iv) determining and monitoring key risks in the banking sector across Europe; (v) strengthening the EBA's role as EU data hub for the collection, use and dissemination of banking data; (vi) protecting consumers, monitoring financial innovation and contributing to easy retail payments in the EU; (vii) Brexit preparations; (viii) international engagement; and (ix) cross-sectoral work by the European Supervisory Authorities under the Joint Committee.
The Annual Report also outlines the EBA's key areas of focus for the year ahead. These are:
- credit risk modelling;
- preparation for the full implementation of Basel III;
- further work on reducing the number of non-performing loans;
- 2018 EU-wide stress test;
- 2018 EU-wide transparency exercise;
- further work on the Pillar 2 roadmap and emerging risks;
- third country equivalence;
- establishing the EBA's online training platform;
- the European Centralised Infrastructure for Supervisory Data;
- preparation of a FinTech roadmap, to include a report on the impact of FinTech on business models and assessment of the risks and opportunities of FinTech for institutions;
- implementation of new rules on payment services;
- enhancing supervisory convergence to protect consumers; and XIII. engaging with resolution authorities.
The Annual Report is available at: http://www.eba.europa.eu/documents/10180/2255336/2017+EBA+Annual+Report.pdf.
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