Featured Product

    EBA Issues Implementing Technical Standards on Supervisory Disclosure

    June 01, 2018

    EBA published the final draft implementing technical standards on the format, structure, contents list, and annual publication date of the supervisory information to be disclosed by competent authorities. These standards are in accordance with Article 143(3) of the Capital Requirements Directive (CRD IV or Directive 2013/36/EU) and amend the Commission Implementing Regulation (EU) No 650/2014. The draft implementing standards will be submitted to EC for endorsement, following which they will be published in the Official Journal of the European Union. This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

    The amended implementing standards incorporate the changes to the EU legal framework—particularly the Liquidity Coverage Ratio Delegated Act (LCR DA), the EBA guidelines on the Supervisory Review and Evaluation Process (SREP), and the establishment of the Single Supervisory Mechanism (SSM). The amendments will enhance transparency, ensure consistency between the templates and instructions, and will contribute to reducing the level of different interpretation between reporting. Annexes to the implementing standards regulation contain the detailed templates and are based on different regulatory topics: rules and guidance (Annex I), options and discretions (O&Ds) available in Union law (Annex II), SREP (Annex III), and aggregate statistical data (Annex IV).

    The draft implementing technical standards include the following key amendments:

    • Annex I contains the updated model approval section, with information on market risk and counterparty credit risk.
    • Annex II has been updated to include the new O&Ds deriving from the LCR DA. The proposed amendments clarify which O&Ds are permanent nature and which are transitional. Moreover, the annex now differentiates between O&Ds whose exercise has been entrusted to competent authorities and O&Ds whose exercise has been entrusted to member states. It also separates the information on O&Ds for credit institutions and investment firms.
    • Annex III has been updated to incorporate the new EBA guidelines on SREP.
    • Annex IV proposes reporting of aggregate information for each competent authority.
    • Annex V has been introduced to implement binding instructions for filling the templates in the first four Annexes.

     

    Related Link: Press Release and Documents

    Effective Date: OJ + 20 Days

    Keywords: Europe, EU, Banking, Supervisory Disclosure, CRD IV, Options and Discretions, SREP, Implementing Technical Standards, EBA

    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417