The European Banking Authority (EBA) launched today public consultation on its draft regulatory technical standards (RTS) on disclosure of information related to the countercyclical capital buffer. These RTS will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector. The consultation runs until 27 September 2014.
The EBA has developed a set of draft regulatory technical standards that specify what information institutions must disclose in relation to their requirements for a countercyclical capital buffer (CBB). These RTS proposes two disclosure templates that harmonise the information available to the general public on the institution-specific CCB and the geographical location of the exposures determining that buffer.
These templates will ensure that institution disclose key information on their compliance with the requirement for a CCB, in accordance with Article 440(1) of the CRR. They will also facilitate the geographical comparison of the amounts that enter the calculation of the countercyclical buffers.
Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 27 September 2014.
All contributions received will be published following the close of the consultation, unless requested otherwise. A public hearing will take place at the EBA premises on 8 September 2014, from 13:00 to 14:30 UK time.
Legal basis and next steps
The proposed draft RTS have been developed on the basis of Regulation 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (Capital Requirements Regulation - CRR). The Article 440 of the CRR mandates the EBA to develop draft regulatory technical standards (RTS) on the disclosure of information relating to the compliance of institutions with the requirement for a countercyclical capital buffer.
The EBA shall then submit those draft regulatory technical standards to the Commission by 31 December 2014.
- Deutsche Börse Group
- EBA Banking Stakeholder Group
- FRENCH BANKING FEDERATION
- ING Bank
- Malta Financial Services Authority
- Swedish Bankers' Association