08 February 2023
The European Banking Authority (EBA) today launched a public consultation on its draft Implementing Technical Standards (ITS) on supervisory disclosures. The amended draft ITS incorporate the changes to the EU legal framework, in particular those related to supervisory reporting and investment firms.
These draft amending ITS aim at specifying the format, structure, contents list and annual publication date of the supervisory information to be disclosed by competent authorities. The amendments to the ITS aim to reflect the changes to the EU legal framework under (Capital Requirements Regulation) CRR2 and Capital Requirements Directive (CRD V), in particular those related to supervisory reporting for investment firms.
Moreover, by amending the existing supervisory disclosure framework, the draft ITS shall enhance the quality and comparability of the reported data by supervisors and enhance transparency by providing the market with more information.
Comments to this consultation 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 9 March 2023. All contributions received will be published following the end of the consultation, unless requested otherwise.
A public hearing will be organised in the form of a webinar on 28 February 2023 from 14:00 to 15:00 CET. The EBA invites interested stakeholders to register using this link by 24 February at 12:00 CET.
The dial-in details will be communicated in due course.
The ITS on supervisory disclosure have been developed in accordance with Article 143 of the CRD, which mandates the EBA to specify the format, structure, contents list and annual publication date of the information competent authorities shall publish on rules and guidance, options and discretions, general criteria and methodologies for the Supervisory Review and Evaluation Process (SREP) and aggregate statistical data on key aspects of the implementation of the prudential framework.
The amendments reflect changes resulting from the legislation adopting the banking package under Directive (EU) 2019/878 amending Directive 2013/36/EU (CRD V) and Regulation (EU) 2019/876 amending Regulation (EU) No 575/2013 (CRR2).
The former final draft ITS were published in the EU Official Journal on 15 March 2021.
Franca Rosa Congiu