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The Committee of European Banking Supervisors (CEBS) is starting a formal consultation on its guidelines for implementing a common European framework for supervisory disclosure. The main purposes of the supervisory disclosure framework are to provide a comprehensive overview of regulatory and supervisory rules in the EU and to enable meaningful comparison of the approaches adopted by national authorities.
It will provide qualitative information, such as regulations and information on the ways in which Member States have exercised the options and national discretions contained in the proposed CRD, as well as quantitative information, such as national statistical data about the banking industry.
By the end of next year, any interested party will be able to access relevant information on the implementation and application of harmonised prudential banking rules for all EU Member States in a single location, a common format and a common language.
The consultation period closes on 24 June 2005.
Press release
Consultation paper
Website demo