Committees and Working Groups

EBA CLEARING runs several Board Committees composed of Board members as well as User, Working and Steering Groups and other expert fora composed of payment practitioners.

Board committees

The Audit & Finance Committee (AFC) has the mission of setting out the policy and the guidelines for the internal and external audit of the Company and its activities, and to define and monitor the internal audit requirements as well as the tasks entrusted to external auditors. The AFC is further in charge of reviewing and monitoring the financial situation of the Company. 

Members: Board members only 

For more information, please click here. 

 
The Board Risk Committee (BRC) has the purpose of assisting the Board of Directors in fulfilling its oversight responsibilities with regard to the risk tolerance of the Company and the risk management and compliance framework.  

Members: Board members only 

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The Legal Advisory Group’s (LAG) mission is to analyse and review proposals from a legal point of view and to formulate recommendations regarding the same. The LAG also assists in the monitoring of legal projects and formulates recommendations regarding the resourcing for such projects.  

Members: in-house lawyers at banks that are members of the Euro Banking Association and/or shareholders of EBA CLEARING 

 
The Strategy & Policy Committee (SPC) focuses on addressing the longer-term positioning and development of EBA CLEARING. Through its monitoring of the payments industry, it aims to identify and assess the banks’ needs in order to propose and evaluate the development of new products and services.  

Members: Board members only 

For more information, please click here. 

Open Board Committees

The Operations & Technical Committee’s (OTC) focus is to recommend enhancements to the operational, procedural, functional and technical aspects regarding the EBA CLEARING Services EURO1, STEP1 and (where relevant) STEP2. Its major task is to examine and propose operational and technical enhancements to the infrastructure of the Company.  
 
Members: Business and technical experts from Shareholder Banks appointed by the different national user communities 

For more information, please click here. 

User Groups

The STEP2 SEPA Business Working Group (SEPA BWG) serves as a forum in which direct participants in the STEP2 SEPA Services can discuss and provide feedback on issues and developments concerning these services. The SEPA BWG is formed by bank representatives of the different national communities in SEPA. This interim user forum will give way to more formally defined user governance arrangements once SEPA migration has led to more stable usage patterns in the STEP2 SEPA Services. 

Participants: Bank representatives of the different national communities in SEPA 

For more information, please click here.

Steering Groups and other expert fora

The Future Development Group’s (FDG) mission is to carry out a review to ensure that the EURO1 setup continues to meet the users’ needs in terms of liquidity efficiency, risk control and the loss sharing arrangements. The FDG acts as an advisory group to the Company’s Board and Management. It is composed of representatives from the treasury and operations departments of EURO1 Participants that wish to make more use of the service.  
 
Participants: Representatives from the treasury and operations departments of EURO1 Participants 

 

The Steering Group on SEPA Large Volume Exchange (SEPA LVE SG) is geared at facilitating the migration of large domestic retail volumes to EBA CLEARING’s SEPA infrastructure. The SEPA LVE SG offers a coordination platform aimed at helping all involved parties to ensure that end-to-end processing of these volumes will take place in a reliable and stable manner. The group is composed of representatives of banks that are direct participants in one or several STEP2 SEPA Services and wish to prepare for the exchange via STEP2 of large domestic SEPA volumes on the sending and/or receiving end. 
 
Participants: Representatives of STEP2 Direct Participants 

 

The Treasury and Liquidity Group (TLG) acts as an advisory group of experts to the Board and Management on issues relating to the use of liquidity within EURO1. The TLG is composed of representatives from the treasury departments of EURO1 Participants. 
 
Participants: Representatives from the treasury departments of EURO1 Participants