The European Banking Authority (EBA) has today published its annual work programme in which it announced its strategic priorities for next year and beyond. EBA comments on the Commission’s legislative programme for the year, involving
- a review of the CRR and BRRD developments and the consequences of the BCBS’ revision of the trading book;
- the implementation of TLAC;
- a follow-up on the discussion on proportionality in the regulatory framework; and
- possible mandates stemming from the covered bonds legislation.
Brexit and the Fintech regulatory perimeter will represent two ‘overarching activities common to the entire organisation for 2018’. EBA has also prioritised implementing a data infrastructure and analysis project to enhance its data hub role for EU banks, and fostering proportionality in relation to policy developments.