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EBA publishes procedure to settle cross-border disagreements

The European Banking Authority (EBA) has published a decision setting out the procedural rules to regulate the establishment and functioning of an independent panel to facilitate the impartial settlement of cross-border disagreements between competent authorities.

The EBA decision includes rules on:

  • the composition and appointment of the panel (Article 2);
  • voting (Article 3); and
  • the conciliation phase (Article 4); and
  • the decision phase (Article 5).

The EBA decision entered into force on 24 February 2014.  Under Article 8 the EBA annual report will include details of the nature and types of disagreements brought before the EBA and the Panel’s decisions.

Related link:

http://www.eba.europa.eu/search?p_p_id=ebasearch_WAR_ebasearchportlet&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&p_p_col_id=column-1&p_p_col_count=1&_ebasearch_WAR_ebasearchportlet_doSearch=true

 

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