Press Release: European Commission assesses economic consequences of country-by-country reporting requirements set out in Capital Requirements Directive

The European Commission adopted on 30 October 2014 a report containing a general assessment of the economic consequences of country-by-country reporting (CBCR) by banks and investment firms under Article 89 of Directive 2013/36/EU (CRD IV). The key objective of the Commission's report was to assess whether CBCR leads to significant negative economic effects.