September 22, 2017

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

Consultation Paper (PDF)

Draft Annex I (XLSX)

Draft Annex II (XLSX)

Draft Annex III (XLSX)

Draft Annex IV (XLSX)

Draft Annex V (DOCX)

Current ITS on Supervisory Disclosure

Comment Due Date: December 22, 2017

Keywords: Europe, EU, Banking, Implementing Technical Standards, Disclosures, SSM, CRD IV, EBA

Related Articles
News

BIS Report Discusses Regulatory Issues Related to Big Techs in Finance

BIS has pre-released a chapter of the BIS Annual Economic Report; this chapter focuses on the risks and opportunities presented by large technology firms (big techs) in the financial services sector.

June 23, 2019 WebPage Regulatory News
News

IOSCO Report Examines Liquidity in Corporate Bond Markets

IOSCO published a report that examines the factors affecting liquidity, under stressed conditions, in the secondary corporate bond markets.

June 21, 2019 WebPage Regulatory News
News

FED Publishes Results of the 2019 Stress Tests for Banks

FED published a report presenting results of the Dodd-Frank Act Stress Test (DFAST) exercise for 2019.

June 21, 2019 WebPage Regulatory News
News

BCBS Report Examines Global Pillar 2 Supervisory Review Practices

BCBS published a report that examines the Pillar 2 supervisory review practices and approaches in Basel member jurisdictions.

June 21, 2019 WebPage Regulatory News
News

IASB Publishes Work Plan and Meeting Updates for June 2019

IASB published an updated work plan and a summary of its June meeting, which presents preliminary decisions of the Board.

June 21, 2019 WebPage Regulatory News
News

HKMA Publishes Banking Exposure Limits Code Under Banking Ordinance

HKMA issued a circular to all authorized institutions informing that the Banking (Exposure Limits) Code has been published in the Gazette on June 21, 2019.

June 21, 2019 WebPage Regulatory News
News

OSFI Proposes Guideline on Internal Model Oversight for Insurers

OSFI proposed the draft guideline E-25 on the internal model oversight framework for federally regulated property and casualty (P&C) insurance companies.

June 21, 2019 WebPage Regulatory News
News

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

Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published one answer regarding the calculation of institution-specific countercyclical capital buffer rates.

June 21, 2019 WebPage Regulatory News
News

BCBS Publishes Summary of the Meeting in June 2019

BCBS published a summary of its June meeting in Basel.

June 20, 2019 WebPage Regulatory News
News

OCC Bulletin on Risk Management Guidance for Home Mortgage Lending

OCC published Bulletin 2019-28 on risk management guidance for higher-loan-to-value (LTV) lending activities in communities targeted for revitalization.

June 19, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3298