EBA Amends Technical Standards on Supervisory Disclosure
EBA launched a consultation to amend the implementing technical standards (ITS) on supervisory disclosure, which specify the format, structure, contents list, and annual publication date of the supervisory information to be disclosed by competent authorities. The revised draft ITS will incorporate changes to the EU legal framework and the establishment of Single Supervisory Mechanism (SSM). The consultation runs until December 22, 2017.
The current supervisory disclosure framework covers information on rules and guidance, options and discretions of the Capital Requirement Regulation (CRR) and Capital Requirements Directive (CRD), general criteria and methodologies for the supervisory review and evaluation process (SREP), and aggregate statistical data on key aspects of the implementation of the prudential framework. The proposed amendments will enhance the transparency of the ITS, ensure consistency between the templates and instructions, and should reduce the level of different interpretation between reporting competent authorities. The structure and the legal basis of both the draft revised ITS and of its related Annexes remain unchanged.
The rationale for amending the ITS, was the need to clarify the level of consolidation and the approach to be taken when aggregating the data. The consultation paper moves away from the host approach introduced in the former Committee of European Banking Supervisors, or CEBS, guidelines and implicitly widely applied under the previous ITS. It follows instead a consolidated approach in line with the existing reporting framework with the aim of avoiding additional burden and to enhance the comparability of the data. The aim of such a change is also to clarify the scope and the split of supervisory responsibilities to disclose information between ECB and national competent authorities within the SSM, as agreed in the Banking Union.
Related Links
Current ITS on Supervisory Disclosure
Comment Due Date: December 22, 2017
Keywords: Europe, EU, Banking, Implementing Technical Standards, Disclosures, SSM, CRD IV, EBA
Previous Article
EBA Single Rulebook Q&A: Second Update for September 2017Related Insights
|
News
OFR Adopts Data Collection Rule on Centrally Cleared Repo TransactionsOFR adopted a final rule to establish a data collection covering centrally cleared funding transactions in the U.S. repurchase agreement (repo) market.
February 20, 2019
WebPage
Regulatory News
|
|
News
FHFA Finalizes Rule on Federal Home Loan Bank Capital RequirementsFHFA published, in Federal Register, the final rule to adopt, as its own, portions of the regulations of the Federal Housing Finance Board pertaining to the capital requirements for the Federal Home Loan Banks.
February 20, 2019
WebPage
Regulatory News
|
|
News
SRB Publishes Framework for Performing Valuations in ResolutionThe 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 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Extend Consultation Period for the Proposed SA-CCRUS 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 RuleFED 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 2019EBA 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
SEC Proposes Rule on Risk Mitigation Techniques for Uncleared SBSSEC proposed a rule that would require the application of specific risk-mitigation techniques to portfolios of security-based swaps (SBS) that are not submitted for clearing.
February 15, 2019
WebPage
Regulatory News
|
|
News
FSB Report Examines Financial Stability Implications of FintechFSB 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 CECLUS 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 StandardFASB 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
|
