The European Banking Authority has updated its confidential report on equivalence monitoring and published a public summary on developments in 26 non-EU jurisdictions under the CRR.
The European Banking Authority (EBA) has updated its confidential report on equivalence monitoring activities and submitted it to the European Parliament, the Council, the European Commission, and other European Supervisory Authorities (ESAs). To improve transparency, the EBA also published a public summary outlining recent regulatory and supervisory developments in 26 non-EU jurisdictions deemed equivalent under the Capital Requirements Regulation (CRR).
The report provides factual information on regulatory and supervisory changes, identifies areas requiring continued monitoring, and ensures that the criteria for equivalence decisions are maintained.
The public summary offers insight into the EBA’s monitoring approach, methodology, scope, parameters, and limitations of the assessments, while respecting the confidentiality of the detailed report. It emphasizes that follow-up actions depend on the significance of findings in each jurisdiction.
The legal basis for this activity is Article 33(3) of the EBA’s founding Regulation, which mandates the Authority to monitor developments in jurisdictions benefiting from European Commission equivalence decisions under the CRR. This review ensures ongoing compliance with the conditions underpinning those decisions.
