EBA Consultation Paper on Asset Encumbrance Reporting
26 March 2013
The European Banking Authority (EBA) launches today a consultation on draft implementing technical standards (ITS) on reporting for asset encumbrance. The ITS, which will be part of the EU single rulebook, intend to develop reporting templates and instructions for asset encumbrance with the ultimate aim of ensuring a harmonised measure of asset encumbrance across institutions. The consultation runs until 24 June 2013.
The aim of these ITS is to provide supervisory authorities with the necessary information on the level of asset encumbrance in institutions in a standardised and harmonised framework. The reporting on asset encumbrance will complement the existing reporting framework, which has been previously consulted upon.
These ITS consist of three parts:
• A legal text which introduces the definition of asset encumbrance and outlines both the frequency and the proportionality criteria in the reporting;
All contributions received will be published following the close of the consultation, unless requested otherwise.