Press Release: ECB launches public consultation on draft Regulation on reporting of supervisory financial information

The European Central Bank (ECB) published on the 23 October 2014 a draft regulation on reporting of supervisory financial information for public consultation. This draft regulation lays down the requirements regarding reporting on supervisory financial information to be submitted to national competent authorities (NCAs) and the ECB by supervised banks.

This reporting includes information on balance sheet items such as financial assets, non-performing exposures and financial liabilities as well as on income and expenses such as impairment due to credit losses.

The ECB will take over as competent authority for supervision of euro area banks in November 2014 as part of the Single Supervisory Mechanism (SSM).

The consultation opens on the 23 October 2014 for a six-week period, until 4 December 2014. The consultation documents, comprising the draft regulation, an explanatory note, and a Q&A note, are published in the Banking Supervision section of the ECB’s website.

• Primary Source

ESO: Background information: Single Supervisory Mechanism http://www.europeansources.info/record/single-supervisory-mechanism/

ECB: Banking Supervision https://www.ecb.europa.eu/ssm/html/index.en.html

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