|
|
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 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 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.
In addition, the aim of such a change is also to clarify the scope and the split of supervisory responsibilities to disclose information between the European Central Bank (ECB) and National Competent Authorities (NCAs) within the SSM as agreed in the Banking Union. 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.
Comments to this consultation can be sent to the EBA by 22 December 2017. A public hearing will take place at the EBA premises on 17 November 2017.