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EBA consults on draft technical standards on disclosure for leverage ratio

24 October 2013

The European Banking Authority (EBA) launched today a consultation on draft Implementing Technical Standards (ITS) on disclosure for leverage ratio. These standards will be part of the EU Single Rulebook in the banking sector and aim at harmonising disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions. The consultation runs until 24 January 2014.

These draft Implementing Technical Standards include all the items that are relevant for disclosure under the provisions set out in the Capital Requirements Regulation (CRR) and are aligned, as much as possible, with the Basel disclosure framework. The disclosure framework set out in the ITS consists of four templates:

  • a table which reconciles the figures of the leverage ratio denominator with those reported under the relevant accounting standards;
  • a table which, among others, provides a breakdown of the leverage ratio denominator by exposure category;
  • a table which provides a further breakdown of the leverage ratio denominator by group of counterparty;
  • a table which provides qualitative information on leverage risk.

Consultation process

Comments can be sent to the EBA by clicking on the "send your comments" button on the respective consultation pages. Please note that the deadline for the submission of comments is 24 January 2014.

All contributions received will be published following the close of the consultation, unless requested otherwise.

A public hearing for the three consultations will take place at the EBA premises on 16 December 2013 from 10:00 to 13:00 UK time.

Background

The proposed draft ITS have been developed on the basis of Regulation 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms.

The EBA is expected to submit these draft ITS to the European Commission by 30 June 2014.

As the European Commission has been empowered to enact a delegated act to change the calculation of the leverage ratio before disclosure begins (i.e. 1 January 2015), the proposed templates and instructions are potentially subject to changes before they are finally adopted and implemented.