ESRB Secretariat Responds to EC Consultation on Supervisory Reporting
The ESRB Secretariat issued a response to the EC consultation on fitness check on supervisory reporting. The response details issues identified by the ESRB Secretariat and highlights areas of improvement and benefits that can be achieved by streamlining reporting processes via increased use of granular data and global standards.
The issues discussed in the response to the consultation have been commented on by the ESRB Advisory Technical Committee and General Board. This is not a formal ESRB response and remains the responsibility of the ESRB Secretariat. EC had published the consultation on fitness check on supervisory reporting on December 01, 2017. The consultation was intended to gather evidence on the cost of compliance with the existing EU-level supervisory reporting requirements as well as on the consistency, coherence, effectiveness, efficiency, and EU added value of those requirements. The consultation had closed on March 14, 2018.
Related Links
Keywords: Europe, EU, Banking, Supervisory Reporting, Fitness Check, Response to Consultation, Proportionality, EC
Related Articles
|
News
APRA Consults to Standardize Submission Date for Quarterly ReportingAPRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies.
November 08, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for November 2019EBA updated the Single Rulebook question and answer (Q&A) tool with answers to two questions. The answers provide clarifications on topics related to own funds and strong customer authentication under the revised Payment Services Directive or PSD2.
November 08, 2019
WebPage
Regulatory News
|
|
News
FED Proposes to Extend Initial Compliance Dates Under SCCL RuleFED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule.
November 08, 2019
WebPage
Regulatory News
|
|
News
EBA Publishes Technical Package on Reporting Framework 2.9.1EBA published a new release of the reporting framework 2.9.1. This release includes validation rules, Data Point Model (DPM) data dictionary, XBRL taxonomy, and other supporting documents. Additionally, the release fixes some modeling issues on COREP Liquidity and FINREP.
November 08, 2019
WebPage
Regulatory News
|
|
News
EBA Publishes Methodology and Draft Templates for Stress Tests in 2020EBA published a package for the 2020 EU-wide stress test exercise for banks.
November 07, 2019
WebPage
Regulatory News
|
|
News
EC Publishes Results of Fitness Check of Reporting Requirements in EUEC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU.
November 07, 2019
WebPage
Regulatory News
|
|
News
BCBS Assesses NSFR and LE Rules in Argentina and China as CompliantBCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China.
November 07, 2019
WebPage
Regulatory News
|
|
News
FSB Publishes Summary of Plenary Meeting in ParisAt the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020.
November 07, 2019
WebPage
Regulatory News
|
|
News
HKMA Highlights Technology Initiatives at the Hong Kong FinTech WeekHKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide.
November 06, 2019
WebPage
Regulatory News
|
|
News
ECB Report on Fallback Provisions in Contracts Referencing EURIBORECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR.
November 06, 2019
WebPage
Regulatory News
|
