EBA publishes supervisory review report: EBA has published its first annual report on the convergence of supervisory review practices in the EU banking sector. It covers the findings of a three-year study and focuses on the Supervisory Review and Evaluation Process and assessment of risks (SREP), supervisory stress testing, ongoing review of internal models and supervisory measures and powers. The report identifies that supervisory authorities across the EU have made significant progress towards converging their supervisory practices since 2011. However, some differences remain in methodologies, practices and supervisory measures. The recently published EBA Guidelines on the SREP and with various related technical standards are designed to reduce divergences in practice. Nonetheless, implementation of these products in a consistent way will be important. To that end EBA will provide training and use monitoring tools to assess implementation in its next report on supervisory convergence in 2016. (Source: Ongoing Progress on Supervisory Convergence is Vital for the Single Market)

EBA amends 2015 work programme: EBA has published a revised version of its 2015 work programme, first released in September 2014. The revisions reflect a nominal decrease of 15% in the actual EBA budget from that previously drafted and a reduction of 20 to the numbers of staff sought. EBA has also received several new mandates mainly coming out of the new Multilateral Interchange Fee Regulation and Technical Standards updates on Liquidity Coverage Ratio reporting and on disclosure templates for leverage ratio. This has led EBA to have to reprioritise its workload for 2015. (Source: EBA Publishes Revised Version of its 2015 Work Programme)

EBA updates single rulebook Q&As: EBA has updated its single rulebook Q&As with addition of four new items. (Source: Single Rulebook Q&As)