EBA publishes final draft Technical Standards on supervisory disclosure

The European Banking Authority (EBA) published today final draft Implementing Technical Standards (ITS) which specify the format, structure, contents list and annual publication date of the supervisory information to be disclosed by competent authorities in the banking sector.

These final draft ITS are structured into seven articles covering the following areas:

• Templates  where competent authorities will disclose information on texts of laws, regulations, administrative rules and general guidance adopted in their respective Member State in the field of prudential regulation;
• Templates where competent authorities will provide information on how they exercise options and discretions available in EU law;
• Templates where competent authorities will publish information on the general criteria and methodologies used for supervisory review and evaluation process;
• Templates where competent authorities will disclose aggregate statistical data on key aspects of the implementation of the prudential framework;  
• Details on annual publication dates of the aforementioned information

Following the conclusion of the consultation process, which ended in October 2013, the EBA finalised these draft ITS taking into account the responses to the relevant consultation paper - to the extent that comments could be addressed.

Legal basis and next steps

These draft ITS have been developed on the basis of Directive 2013/36/EU published in the Official Journal of the European Union on 27 June 2013.

The final standards have been sent today to the European Commission for their adoption as EU Regulations that will be directly applicable throughout the EU.