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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

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