EBA plan 2020

The six chapter annual plan of the European Central Bank highlights the commitment of the European body to ensure a more harmonised approach by setting methodologies for testing and supervision, by cooperating on the implementation of EU rules in a more coordinated manner and by promoting relevant frameworks for resolution.

In addition, the plan set ” key points of the ECB strategy, AML as priority, data streaming as a need and innovation as the door to sustainability.

During the previous months several organisations at EU and global level have noted that banks are in urgent need for innovation and technology adaptation.

Data represents one of the areas in which banks need to understand the value of data without falling into the old fashioned concept of believing that data belongs to them.

Finally, AML is to be set as a “real priority for the EU”.

To achieve that EBA was established a permanent AML committee aimed to improving supervision and to better captureAML/CTF risks.

During 2020 EBA will be actively producing regulation strengthen supervision and to harmonise EU approach to such risk.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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