The European Banking Authority (EBA) today published final draft Regulatory Technical Standards (RTS) and final draft Implementing Technical Standards (ITS) on the functioning of supervisory colleges under the Capital Requirements Directive (CRD). The technical standards, adopted in 2015, have been updated to reflect the new requirements laid down in the CRD V and Capital Requirements Regulation (CRR 2), as well as to take into account the EBA’s ongoing college monitoring activity and the lessons learned from the implementation of the standards. The updated standards aim at ensuring a common EU framework for colleges of supervisors and promoting a more efficient and effective supervision of cross-border banking groups. 

The key amendments include:

• enhanced information exchange within the college, as well as with observers, in going concern and in emergency situations;

   

• effective identification of emerging risks in case of an event of adverse material impact on the risk profile of the group or its entities;

   

• appropriate use of the possibility for “entrustment of tasks and delegation of responsibility”, when it facilitates the efficient and effective supervision of cross-border banking groups.