Banking guidelines ‘insufficient’ on leadership and strategy role of boards

European Banking Authority guidelines on internal governance is strong on the monitoring role of boards, but lacks attention to other key duties.

Photo: EBA
Proposed new guidelines from the European Banking Authority (EBA) are "incomplete" because they fail to tackle the role of boards in strategy and leadership, according to the European Confederation of Directors' Associations (ecoDa).
The EBA, a body of the European Union, has been running a consultation on new guidelines for internal governance in banks, but ecoDa is concerned that they fail to recognise key elements of board responsibility.
Lutgart Van den Berghe, chair of ecoDa's policy committee, said attention on the complete role of board of directors was necessary: "The EBA guidance on internal governance (naturally) focuses on
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