The European Banking Authority (EBA) adopted a Decision on the way competent authorities supervising investment firms under the Investment Firms Regulation (IFR) will transmit supervisory data to EBA. The Decision sets out the scope, timing, and modalities of the data submission via the European Centralized Infrastructure of Data (EUCLID), with the first data submission expected by December 31, 2022.
The supervisory data from all investment firms will complement EBA data collections from credit institutions, banking groups, payment institutions, and e-money institutions. Information on the supervisory and financial reporting of investment firms is necessary for EBA to enable it to properly discharge its regulatory, convergence, and advisory tasks in the area of the prudential supervision of investment firms. In accordance with the provisions set out in this Decision, the competent authorities shall submit, to EBA, the supervisory and financial reporting data they received from investment firms in accordance with the relevant provisions of the Capital Requirements Regulation (Part Seven A), the Investment Firms Regulation (Part Seven), the Credit Institution Reporting Regulation, and the Investment Firms Reporting Regulations. As per the Decision, the competent authorities shall submit the data to EBA within 25 business days from the reporting remittance dates referred to in the Investment Firms Reporting Regulations or in the Credit Institution Reporting Regulation. Access to this data shall be provided in conformity with the EBA Regulation. The data referred to in this Decision shall be regarded as information submitted through EUCLID and the EUCLID Decision shall apply. The first submission of data shall be made by the remittance date of December 31, 2022 and shall include all the data starting from the reference date of March 31, 2022.
Keywords: Europe, EU, Banking, Investment Firms, Supervisory Reporting, EUCLID, Investment Firms Regulation, CRR, IFR, Credit Risk, Basel, Reporting, EBA
Previous ArticleBSP Furthers Sustainable Finance Policy Agenda, Issues Other Updates
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
The Financial Accounting Standards Board (FASB) is seeking comments, until November 03, 2022, on the proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy.
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)