The Banking Stakeholder Group (BSG) strongly supports all institutional arrangements (including the establishment of the stakeholder groups of the European Supervisory Authorities (ESAs)) that facilitate stakeholder inputs into the regulatory process. The BSG is an integral and important part of the requirement for European Banking Authority (EBA) to consult with stakeholders in areas relevant to the tasks of the EBA. Discussions at BSG meetings, the work of its Technical Working Groups (TWGs), and the reports produced by BSG, provide inputs to EBA and thereby hopefully creating value related to regulation of the European banking and financial industry.
This report covers five main areas: the appointment, structure and working methods of the BSG and its interface with EBA; the activity and output of BSG2; the work of the three Standing Technical Working Groups and Ad Hoc TWGs that were established early in the BSG’s term of office; and an overview of some common themes that emerged in the BSG’s responses to EBA Consultation Papers. The report concludes in section 5 with a set of recommendations for the future role and work of successor stakeholder groups with a view to enhancing the effectiveness. Further detail, most especially with regard to the output of the BSG, is available on the EBA website and summarised in Annex 1 of this report. Annex 2 lists the members of BSG2 and Annex 3 gives the membership of the three Technical Working Groups.
A set of recommendations is also provided by the BSG in its report with a view to informing and enhancing the effectiveness of the role and work of the next composition of the BSG.
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