The European Banking Authority (EBA) launches today a public consultation on draft Regulatory Technical Standards (RTS) related to how competent authorities collaborate and exchange information regarding institutions operating through branches and regarding the freedom of provision of services in one or more EU Member States other than that in which head offices are situated. The consultation runs until 8 October 2013.
The draft Regulatory Technical Standards (RTS) specify the information that competent authorities shall exchange with each other according to Article 50 of the Capital Requirements Directive (CRD), which covers the following areas: management and ownership; liquidity and supervisory findings; solvency; deposit guarantee schemes; limitation of large exposures; internal control mechanisms. Furthermore, the draft RTS introduce some additional areas where competent authorities shall exchange information, such as leverage, general non-compliance, supervisory measures and sanctions, and preparation for emergency situations.
The proposed draft Technical Standards focus on exchange of supervisory information between supervisory authorities, with the aim of ensuring a structured and consistent process in the provision of and access to key supervisory information across Member States. The draft Standards are therefore not directly addressed to supervised institutions nor they introduce any direct reporting requirements.
The draft RTS are expected to be submitted to the European Commission by 1 January 2014.
Comments can be submitted by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 8 October 2013.
All contributions received will be published following the close of the consultation, unless requested otherwise.
A public hearing on these Standards will take place at the EBA premises on 4 September 2013 from 10:00 to 13:00 hours UK time.