EBA Launches Public Consultation on Revised Internal Governance Guidelines

The European Banking Authority (EBA) has opened a public consultation on updates to its Guidelines on internal governance. These changes reflect new rules under CRD V and the Investment Firms Directive (IFD) and aim to strengthen how banks and investment firms are managed.

Key updates include:

• Clearer rules to prevent money laundering and terrorist financing as part of sound risk management.
• New guidance on loans and transactions involving management body members and their related parties to avoid conflicts of interest.
• Recommendations to ensure a gender-neutral remuneration policy and promote equal opportunities for all staff.

The consultation is open until 31 October 2020.
A public hearing will be held online on 1 October 2020, 14:00–16:00 CET.

Comments can be submitted via the EBA website.