scholarly journals The Existential Search of the European Banking Authority

2015 ◽  
Author(s):  
Eilis Ferran
Keyword(s):  
European Banking Authority ◽  
European Banking

scholarly journals The regulation of crypto-assets in the EU – investment and payment tokens under the radar

2020 ◽  
Vol 27 (3) ◽  
pp. 325-342
Author(s):  
Valeria Ferrari
Keyword(s):  
Eu Law ◽  
Electronic Money ◽  
Ongoing Debate ◽  
European Institutions ◽  
European Banking Authority ◽  
European Banking ◽  
Payment Services ◽  
Legal Frameworks ◽  
The Eu ◽  
Regulatory Intervention

Based on the guidelines issued by the European Securities and Market Authority and by the European Banking Authority, the article deals with the legal qualification of blockchain-based crypto-assets under EU law. Focusing on crypto-assets that function as a) investment instruments (that is, investment tokens) and as b) electronic money (that is, payment tokens), the work outlines shortages and drawbacks in the applicability and enforcement of existing EU legal frameworks regulating investment activities and payment services. With such analysis, the article seeks to inform the ongoing debate within European institutions on the need of regulatory intervention in this area, and it points out pressing questions to be tackled by further research.

scholarly journals Multilevel regulatory governance: Establishing bank-regulator relationships at the European Banking Authority

2019 ◽  
Vol 22 (1) ◽  
pp. 113-134 ◽  
Author(s):  
David Coen ◽  
John-Paul Salter
Keyword(s):  
Financial Crisis ◽  
European Central Bank ◽  
Regulatory Regime ◽  
Multilevel System ◽  
Regulatory Governance ◽  
European Central ◽  
European Banking Authority ◽  
European Banking ◽  
New System ◽  
The Eu

AbstractFollowing the 2007–9 financial crisis, the EU strengthened its institutional apparatus for bank regulation, creating a trio of sectoral bodies, including the European Banking Authority (EBA). Various aspects of this new system have been studied, but to date, little is known about how banks engage with their new supranational regulator. We argue that such engagement fosters an interdependence between banks and regulators, thus contributing to the efficiency and robustness of the overall regulatory regime; but also that it is contingent on the regulator exhibiting the qualities of credibility, legitimacy, and transparency. These qualities are grounded in the domestic regulatory governance literature, but we suggest that they are rendered problematic by the complexities of the EU's multilevel system and, in particular, the overlap in competences between the EBA and the European Central Bank. We examine the EBA in the light of these criteria and find that banks’ engagement remains pitched towards established national regulators and the EU's legislative arena. This poses concerns for the efficacy of agency governance in the EU's regulatory regime for banking.

scholarly journals Stress Tests By The European Banking Authority: The Immunity Of Italian Cooperative Banks

2017 ◽  
Vol 33 (5) ◽  
pp. 873-886
Author(s):  
Andrea Quintiliani
Keyword(s):  
Comparative Analysis ◽  
Empirical Analysis ◽  
Stress Tests ◽  
Critical Elements ◽  
Risk Return ◽  
European Banking Authority ◽  
European Banking ◽  
Cooperative Banks ◽  
The Empirical Analysis ◽  
Quantitative Nature

Purpose. The objectives of the paper are two-fold. The first objective of the research is formulated with the intent to analyze the existence or not of a possible “European Banking Authority (EBA) effect” on the credit offer of local banks compared with national banks subject to the requests of capital from European Authority. The second research objective aims to understand what are the conditions that allow to develop a model of a local bank capable of supporting SMEs, with a suitable risk-return profile. Methodology. This paper presents an empirical comparative analysis between Cooperative Credit Banks (BCCs) and Italian banking groups. Findings. The empirical analysis shows how the financial then real crisis has not induced BCCs to restrict credit to firms. In particular, the BCCs not included in stress exercises, show, unlike national banks, a substantial “independence” of credit trend from the advices of the Authority. The survey evidences have however highlighted some critical elements that are reflected inevitably on the local bank’s risk-return profile. Research Limitations. The quantitative nature of the empirical analysis must be followed by a qualitative analysis in order to strengthen the validity of the results. Implications. This work will be useful to stimulate the debate on the studies of local banks and their anti-cyclic role in favor of the SMEs. Originality. The work affects an aspect which has hitherto been little studied.

scholarly journals MACROPRUDENTIAL SUPERVISION AND AGENTS’ INFORMATION: WHAT STRESS TESTS REALLY TELL THE MARKETS

2022 ◽  
Author(s):  
FAUSTO PACICCO ◽  
LUIGI VENA ◽  
ANDREA VENEGONI
Keyword(s):  
Risk Perception ◽  
Banking System ◽  
Market Risk ◽  
Stress Tests ◽  
European Banking Authority ◽  
Idiosyncratic Shocks ◽  
Systemic Crisis ◽  
European Banking

Central bank’s macroprudential supervisory activities have to fulfill three distinct tasks: (i) assessing the banking system’s vulnerability to exogenous adverse turbulence, (ii) evaluating the risk of systemic crisis originating from idiosyncratic shocks, and (iii) measuring financial market’s sensitivity to policy stimuli. Given that macroprudential stress tests are the centerpiece of this policy approach, it is important to establish whether they are up to the task. We study how the 2011–2018 European Banking Authority stress tests affected market risk perception and show that they provided agents with valuable information on the policy stances and the vulnerabilities of the banking system, carrying out the above tasks successfully, especially the second and third tasks.

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