General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
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 Insights
News

US Agencies Extend Consultation Period for the Proposed SA-CCR

US Agencies (FDIC, FED, and OCC) extended the comment period for a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.

February 18, 2019 WebPage Regulatory News
News

FED Extends Consultation Period for Stress Testing Rule

FED has published in the Federal Register a notice proposing amendments to the company run and supervisory stress test rules.

February 15, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for February 2019

EBA published answers to two questions under the Single Rulebook question and answer (Q&A) updates for this week.

February 15, 2019 WebPage Regulatory News
News

FSB Report Examines Financial Stability Implications of Fintech

FSB published a report that assesses fintech-related market developments and their potential implications for financial stability.

February 14, 2019 WebPage Regulatory News
News

US Agencies Amend Regulatory Capital Rule to Allow Phase-In for CECL

US Agencies (FDIC, FED, and OCC) adopted the final rule to address changes to credit loss accounting under the U.S. generally accepted accounting principles; this includes banking organizations’ implementation of the current expected credit losses (CECL) methodology.

February 14, 2019 WebPage Regulatory News
News

FASB Proposes Taxonomy Improvements for the Credit Losses Standard

FASB proposed the taxonomy improvements for the proposed Accounting Standards Updates on Targeted Transition Relief for Topic 326 (Financial Instruments—Credit Losses) and Topic 805 (on Business Combinations—Revenue from Contracts with Customers).

February 14, 2019 WebPage Regulatory News
News

SRB Publishes Framework for Performing Valuations in Resolution

SRB published its framework for performing valuations in resolution. The framework provides independent valuers and the general public with an indication of the expectations of SRB on the principles and methodologies for valuation reports, as set out in the legal framework.

February 14, 2019 WebPage Regulatory News
News

FED Issues Correction in Historical Dataset in its 2019 Stress Tests

FED identified an error in the historical dataset used in its 2019 stress tests and issued a correction.

February 13, 2019 WebPage Regulatory News
News

OCC Consults on Company-Run Stress Test Requirements for Banks

OCC proposed amendments to its company-run stress testing requirements for national banks and Federal savings associations, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.

February 12, 2019 WebPage Regulatory News
News

CFTC Extends Comment Periods for Trade Execution Requirement Proposals

CFTC announced that it is extending comment period for the proposed amendments related to the regulations on swap execution facilities (SEF) and trade execution requirement.

February 12, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2610