EBA consults on the amending ITS on supervisory disclosures

The European Banking Authority (EBA) launched a public consultation on its draft Implementing Technical Standards (ITS) on supervisory disclosures. The revised draft of ITS includes the legal amendments made in the EU, particularly those concerning investment firms and supervisory reporting.
The format, structure, contents list, and annual publication date of the supervisory information that competent authorities are required to disclose in accordance with Article 143 (1) of CRD IV are all specified in these draft amending ITS:
1) The text of laws, regulations, administrative rules and general guidance adopted in their Member State in the field of prudential regulation;
2) The manner of exercise of the options and discretions (O&Ds) available in Union law;
3) The general criteria and methodologies they use for the purpose of their supervisory review and evaluation process (SREP);
4) Aggregate statistical data on key aspects of the implementation of the prudential framework in each Member State.
With regard to supervisory reporting for investment firms in particular, the changes to the EU legal framework made by Regulation (EU) 2019/876 (CRR2) and Directive (EU) 2019/878 (CRD V) are intended to be reflected in the ITS amendments.
The draft ITS will also improve the quality and comparability of the data provided by supervisors by amending the current supervisory disclosure framework; more information provided to the market will improve transparency.