EBA consults on harmonised definitions and templates for funding plans of credit institutions
20 December 2013
The EBA launched today a public consultation on draft Guidelines proposing harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising the way the reporting of funding plans is conducted. The consultation runs until 20 March 2014.
This set of common templates and definitions will assist competent authorities in assessing the feasibility, viability and soundness of funding plans, as well as their impact on the supply of credit to the real economy. Moreover, it will enable the EBA to fulfill its mandate to coordinate the assessment of funding plans and assess their viability across the EU banking system.
The proposed templates rely on definitions currently in use so as to ensure consistency with the existing reporting practices.
The EBA expects to publish the final guidelines in Q2 2014.
Comments can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 20 March 2014.
All contributions received will be published following the close of the consultation, unless requested otherwise.
A public hearing will take place at the EBA premises on 29 January 2014 from 14:00-16:00 UK time.
The proposed guidelines seek to establish consistent, efficient and effective supervisory practices by harmonising templates and definitions on the basis of Article 35 of the EBA Regulation, for the purposes of ensuring compliance with paragraphs 1–5 of Recommendation A of the European Systemic Risk Board (ESRB) Recommendations of 20 December 2012 on funding plans of credit institutions (‘ESRB Recommendations' and ‘ESRB Recommendation A').