The European Banking Authority (EBA) has published a peer review report on the assessment of the suitability of members of the management body and key function holders. The report shows that national competent authorities largely comply with the EBA guidelines on the assessment of the suitability of members of the management body and key function holders (EBA Guidelines). The EBA also notes that the EBA Guidelines have not led to convergent supervisory practice in many areas. Furthermore, the EBA noted that Member States’ transposition of the CRD IV has not prevented further divergence arising from national laws. In addition, the report notes that the EBA is developing guidelines addressed to competent authorities and institutions on internal governance requirements, in line with the EBA’s mandates under article 74 and article 91(12) of the CRD IV, which should incorporate many of the outcomes from this peer review.
EBA peer review report on the assessment of the suitability of members of the management body and key function holders
Posted in Banking, Banking, Banking, Italy, The Netherlands, United Kingdom
