The EBA publishes revised Guidelines on internal governance, delivering greater proportionality and simplification for banks

The EBA publishes its revised Guidelines on internal governance under the CRD, which incorporate the changes introduced by CRD VI (Directive 2024/1619): a mapping of the roles and responsibilities of the management body and key function holders, and a specific governance framework for third-country branches. They aim for more proportionality and a lighter compliance burden.

Key points

• They clarify the responsibilities of the management body, organisational structure, conflicts of interest (including combining the chair with executive functions) and the internal control framework.
• Changes compared with the consultation: less detail in the mapping of roles and individual statements; more proportionality for third-country branches; simpler rules on conflicts of interest; less granularity in monitoring diversity and inclusion.
• Also aligned with DORA and its implementing standards.
• Legal basis: Article 74 of Directive 2013/36/EU (and Article 48g for third-country branches).

Who is affected

Credit institutions and investment firms subject to Title VII of the CRD, third-country branches and supervisors.

Deadlines

They will apply two months after publication in all official EU languages (translations pending); they repeal Guidelines EBA/GL/2021/05.

Plain-language version

Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.