The importance of supervisory transparency and accountability has been stressed by the Basel Committee on Banking Supervision and by the new European legislation, namely the Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) and the Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast). Article 144 of the Directive 2006/48/EC stipulates explicit disclosure requirements for national supervisory authorities.
To ensure uniformity and comparability of the disclosed information, the European Banking Authority (EBA) developed a standardised web-based supervisory disclosure framework and published general guidelines on the implementation of the framework (CEBS Guidelines on Supervisory Disclosure).
The content of these pages is organised in four sections:
The tables of information in these sections will be identically implemented on homepages of the national competent authorities of the EU Member States. The EBA website will thereby serve as a centralised electronic repository and will allow for quick and easy comparison of the relevant information.