Thu. Jun 20th, 2019

Planet Compliance

Innovation & Regulation in Finance

EBA seeks comments on reporting of prudent valuation information

2 min read

The European Banking Authority (EBA) launched today a public consultation on the inclusion of prudent valuation into COREP, the reporting framework through which EU banking institutions report supervisory information. The amendments proposed by the EBA reflect the prudent valuation requirements in Commission Delegated Regulation (EU) No 2016/101. This public consultation will run until 30 March 2016.

As part of the European Banking Authority’s (EBA) harmonisation of European regulatory reporting (COREP), the EBA has proposed in this consultation paper a series of amendments to the COREP framework. The changes will allow the inclusion of the new requirements for reporting information on prudent valuation, as well as some supplementary requirements for reporting credit risk information.

The information collected will allow banking supervisors throughout the EU to assess how banking institutions are complying with the requirements on prudent valuation set by EU legislation and the related technical standards developed by the EBA, as well as any additional financial information required by competent authorities to perform their supervisory tasks.

Comments to this public consultation can be submitted to the EBA via the consultation page and the deadline for the submission of comments is 30 March 2016. The EBA statement and the consultation can be found here.

 

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