Consultation on draft Implementing Technical Standards (ITS) on collaboration concerning supervision between home and host Member States in relation to sharing of information

The European Banking Authority (EBA) launches today a public consultation on draft Implementing Technical Standards (ITS) 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 Implementing Technical Standards (ITS) outline operational procedures and set out standard forms and templates for information sharing requirements. The quantity and frequency of information to be provided is based on the proportionality principle, depending on whether a branch is deemed as significant.

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 ITS are expected to be submitted to the European Commission by 1 January 2014.

Consultation process

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.