EBA has published its annual assessment of EU colleges of supervisors. The report assesses how colleges have functioned during 2015 and identifies key activities for the effective oversight of EU cross-border banking groups in 2016. The report determines that the 2015 requirements, aiming to improve functioning of supervisory colleges across the EU, have been fulfilled to a reasonable extent, but the joint decision processes still need improvement. It also draws supervisors’ attention to non-performing loans and balance sheet cleaning, business model sustainability, conduct risk and IT risk. (Source: EBA reports on the functioning of supervisory colleges)