EBA reports on the publication of administrative penalties on an anonymous basis

The European Banking Authority (EBA) released today a report reviewing the publication by competent authorities, on an anonymous basis, of administrative penalties imposed for breach of the national provisions transposing the Capital Requirements Directive (CRD) or of the Capital Requirements Regulation (CRR).  The report also includes links to the websites of competent authorities where such sanctions are published and makes recommendations to enhance harmonisation in terms of disclosure and facilitate access to information. The EBA also published a list of links to each competent authority’s publication of such administrative penalties, which will be updated on a regular basis.

Legal basis

This report has been prepared in accordance with Article 68(4) of the CRD and deals with the publication of administrative penalties by Member States on an anonymous basis, as provided for under Article 68(2) of the CRD. The principle set out in this Article covers the exceptions from the general principle set out in Article 68(1) of the CRD pursuant to which the identity of the natural or legal person on whom the penalty is imposed should be disclosed.

Furthermore, pursuant to Article 69(4) of the CRD, the EBA is required to maintain a website with links to each competent authority’s publication of administrative penalties under Article 68 of the CRD.

Link to EBA statement

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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