Public hearing on CP29 for the extension of CEBS's supervisory disclosure framework

The Committee of European Banking Supervisors (CEBS) has launched a consultation on the extension of CEBS's Supervisory Disclosure Framework. The consultation is open to all interested parties, including supervised institutions and other market participants.

While the current supervisory disclosure framework covers only the legislative provisions, the supervisory application of the rules (e.g. the supervisory review process under Pillar 2) and the statistical data on the implementation of the Capital Requirements Directive, and disclosures on reporting (COREP/FINREP), CEBS has decided to develop the common framework further and to extend it to other areas of community legislation during the course of 2009. Based on current regulatory developments, CEBS has focused the extension of the framework on the following areas: Mergers and Acquisitions; Securitisation; Credit Risk Mitigation; National discretions; Pillar 2 and Pillar 3. 

This consultation paper (CP29) provides a brief explanation of each area of extension with accompanying draft template(s) for supervisory disclosures and draft guidance for their population.

CEBS submits its draft proposals for a public consultation which starts today and runs until 16 October 2009. Comments received will be published on CEBS’s website unless respondents request otherwise. Please send your comments to the following e-mail address: cp29@c-ebs.org.

A public hearing will be held on Monday 5 October 2009 at CEBS’s premises in London, from 10.00 to 13.00 to allow interested parties to share their views with CEBS.

Registrations should be received by Wednesday, 30 September 2009.