EU Legislation Amending Technical Standards For Reporting Of Financial Information To Regulators Published

Author:Shearman & Sterling LLP
Profession:Shearman & Sterling LLP
 
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On September 29, 2016, a Commission Implementing Regulation amending Implementing Technical Standards on the reporting of financial information under the CRR was published in the Official Journal of the European Union. The ITS lay down uniform requirements in relation to supervisory reporting to regulators, pursuant to the CRR, in the following areas: (i) own funds requirements and financial information; (ii) losses stemming from lending collateralized by immovable property; (iii) large exposures; (iv) leverage ratio; and (v) Liquidity Coverage requirements and Net Stable Funding Requirements. The amending Regulation amends the definitions, templates and instructions used for the purposes of supervisory reporting. The...

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