Corporate governance eba

  • What are EBA guidelines?

    Guidelines set out the EBA's view of appropriate supervisory practices within the European System of Financial Supervision or of how Union law should be applied in a particular area..

  • What are the EBA guidelines for product governance?

    The EBA's Guidelines on Product Oversight and Governance establish that the EU banking sector should: ensure financial products and services are designed to meet the needs and interests of their target consumers; test products prior to their launch and monitor them; take remedial action when something has gone wrong..

  • What are the EBA guidelines on product governance?

    EBA Guidelines on Product Oversight and Governance
    The first part sets out requirements for manufacturers of retail banking products on their internal control functions; the identification of the target market; product testing; disclosure; product monitoring, remedial actions, and distribution channels..

  • What is EBA guideline?

    The EBA Guidelines set out the internal governance arrangements that credit institutions, payment institutions and electronic money institutions should implement when outsourcing internal services, activities or functions..

  • What is EBA Guidelines product oversight and governance?

    The EBA's Guidelines on Product Oversight and Governance establish that the EU banking sector should: ensure financial products and services are designed to meet the needs and interests of their target consumers; test products prior to their launch and monitor them; take remedial action when something has gone wrong..

  • What is the purpose of the EBA?

    The EBA is an independent EU agency established in 2011 at the height of the financial crisis.
    Its objective is to contribute to financial stability across the EU and safeguard the integrity, efficiency and orderly functioning of the EU banking sector..

  • The EBA is tasked with developing regulatory technical standards and rules for financial firms in the EU internal market.
    It oversees lending institutions, investment firms, and credit institutions.
    The rules it imposes are designed to achieve the following objectives: Maintain the integrity of the financial sector.
  • The European Commission handed European Banking Authority the task of providing guidelines to harmonise requirements for remote onboarding across the EU.
    The EBA Guidelines provide practical-level recommendations to clarify customer due diligence (CDD) requirements defined in the AML5 Directive.
Final Guidelines on Internal Governance (EBA-GL-2017-11)Compliance table Weaknesses in corporate governance in a number of institutions have contributed 

How does the European Banking Authority (EBA) harmonise internal governance?

To further harmonise institutions’ internal governance arrangements, processes and mechanisms within the EU in line with the requirements introduced by Directive 2013/36/EU, the European Banking Authority (EBA) is mandated by Article 74 of Directive 2013/36/EU to develop guidelines in this area

Is there a green paper on corporate governance in financial institutions?

The European Commission has published a Green Paper on corporate governance in financial institutions

Regulatory proposals were published in July 2011

3

All former CEBS guidelines specifically aiming at internal governance have been consolidated into the present Internal Governance Guidelines

When will the EBA guidelines on internal governance be repealed?

15

The EBA Guidelines on internal governance (EBA/GL/2017/11) of 26 September 2017 are repealed with effect from 31 December 2021

12 Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12

6 2014, p 349)

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