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Since 2014, credit institutions and investment firms subject to the Capital Requirements Regulation (EU) No 575/2013 (CRR) and Directive 2013/36/EU (CRD) are required to publish once a year specified information on a country-by-country basis. This requirement was included under Article 89(1) CRD IV as proposed by the European Parliament, which aimed to enhance trust in the financial sector, especially following the 2007-09 global financial crisis, through more transparency regarding their activities.
The study provides an assessment of the adequacy of the indicators covered in the current country-by-country reporting (CBCR). For the study, a legal mapping, interviews with more than 60 stakeholders, a survey among credit institutions, and an assessment of the CBCR practices of 129 credit institutions were conducted.
