EBA consults on revised Guidelines on internal governance
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.
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