BRUSSELS, 7 July 2014 – In view of improving the efficiency of its Q&A tool, the EBA has contacted banking associations, amongst which ESBG to provide imput.
This tool is of utmost importance in order to ensure a consistent implementation of the CRD package and, in the near future, of the BRRD. The EBA confirmed that this tool is a single point of entry and that the responses are elaborated in close cooperation with the European Commission and are all approved by the EBA Board of supervisors.
Based on this imput, the EBA has made changes to the Q&A process as outlined in the EBA presentation attached. See in particular slides 8 and 9.