EBA欧洲银行-EBA-ITS-2013-13-28ITS-on-Supervisory-disclosure29_16页_417kb

EBA FINAL Draft Implementing Technical Standards Summary

Core Content

The European Banking Authority (EBA) has published a FINAL draft implementing technical standards (ITS) on the format, structure, contents list, and annual publication date of supervisory information that must be disclosed by competent authorities under Article 143(1) of Directive 2013/36/EU (CRD). These standards aim to enhance transparency, comparability, and harmonisation of supervisory practices across the European Union (EU).

Main Topics Covered

The draft ITS outlines the following key areas of supervisory information:

• Rules and guidance: Includes templates for the transposition of CRD, model approval guidance, changes to minimum loss given default (LGD) values, risk weights, slotting criteria, credit risk mitigation, Pillar 3 disclosures, remuneration, waivers for solo supervision, mergers and acquisitions, and regulatory/financial reporting.
• Supervisory review and evaluation process (SREP): Provides templates for general criteria and methodologies used in SREP.
• Aggregate statistical data: Includes data on the national banking sector, credit risk, market risk, operational risk, and supervisory measures/administrative penalties.

Key Information and Requirements

• Publication deadline: Competent authorities must complete and publish the information by 31 July of the following year, based on data as of 31 December of the previous year.
• Common format and structure: The EBA proposes a single format and structure for all supervisory information to ensure comparability and convergence of practices across the EU.
• Accessibility: The information must be made publicly available on the EBA website, ensuring it is easily accessible to all stakeholders.
• Annual updates: Competent authorities are required to update the information annually, with the possibility of additional updates for specific items if changes occur after 31 December.

Main Features of the Draft ITS

The draft ITS is structured into seven articles:

1. Article 1: Defines the subject matter and scope of the standards, covering the CRD and Regulation (EU) No 575/2013.
2. Article 2: Outlines the templates for rules and guidance, divided into 11 parts of Annex 1.
3. Article 3: Specifies the format for publishing information on options and national discretions, using 12 parts of Annex 2.
4. Article 4: Provides a template for supervisory review and evaluation process criteria and methodologies (Annex 3).
5. Article 5: Details the templates for aggregate statistical data on key prudential aspects (Annex 4, 5 parts).
6. Article 6: Sets the annual publication date for all information as 31 July.
7. Article 7: Covers the entry into force and applicability of the Regulation.

Background and Rationale

• Article 143(1) of CRD mandates competent authorities to publish information on prudential regulations, options, and discretions.
• Article 143(3) requires the EBA to develop draft ITS to standardise the format and structure of this information.
• The aim is to facilitate meaningful comparisons between Member States, promote convergence in supervisory practices, and enhance transparency and credibility of supervisors.
• The EBA's standards build upon the CEBS Guidelines on Supervisory Disclosure, which were first published in 2005 and revised in 2010.

Impact Assessment

Costs

• The changes to the template are not very significant, so the EBA expects minimal additional resources required by competent authorities.
• Regular updates to supervisory information should continue to be limited in scope and effort.

Benefits

• Ensures readily available and uniform supervisory information across the EU.
• Facilitates comparative analysis of supervisory practices, supporting regulatory compliance for cross-border institutions.
• Enhances transparency and legitimacy of supervisory frameworks.

Accompanying Documents

• Draft cost-benefit analysis / impact assessment: Outlines the rationale, problem definition, and potential impact of the draft ITS.
• Views of the Banking Stakeholder Group (BSG): The BSG did not comment on the consultation paper.
• Feedback on public consultation: A single response was received from the German Savings Bank Association, suggesting the inclusion of certain CRD articles in the list of options and discretions. These suggestions were not incorporated due to their limited relevance and scope.

Conclusion

These draft ITS are intended to support the single rulebook initiative by promoting regulatory harmonisation, transparency, and comparability of supervisory practices across the EU. They provide detailed templates for competent authorities to follow and ensure that the information is published in a standardised and accessible manner, ultimately contributing to a more stable and efficient banking sector.