Supervisory disclosure pursuant to EU directive

The importance of supervisory transparency and accountability has been stressed by the Basel Committee on Banking Supervision as well as by the European legislation, namely Directive 2013/36/EC (external link) of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directive 2006/48/EC and 2006/49/EC, as amended (“CRD”) and Regulation (EU) No 575/2013 (external link) of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012, as amended (“CRR”).

Article 143(1) and Article 144 of CRD IV stipulates explicit disclosure requirements for national supervisory authorities. Technical details regarding disclosure are stipulated by Commission Implementing Regulation (EU) No 650/2014 (external link), as amended by Commission Implementing Regulation 2019/912 (external link) with the aim of ensuring uniformity and comparability of the disclosed information among the individual Member States of the European Union.

Disclosed information:

The tables of information in these sections should be identically implemented on homepages of the national competent authorities of the EU Member States. The EBA website thereby serves as a centralized electronic repository and allows for quick and easy comparison of the relevant information and statistical data (external link).

Article 57 of Directive (EU) 2019/2034 (external link, IFD) of the European Parliament and of the Council on the prudential supervision of investment firms stipulates the explicit disclosure requirements for national supervisory authorities. Details regarding the disclosure are specified by Commission Implementing Regulation (EU) 2022/389 (external link) laying down implementing technical standards with regard to the format, structure, content lists and annual publication date of the information to be disclosed.

Disclosed information:

  • Rules and guidance
  • Options and discretions
  • Supervisory review and evaluation process (SREP)
  • Statistical data

Article 31(2) of Directive 2009/138/EC of the European Parliament and of the Council (referred to as “Solvency II Directive”) lays down the requirements for the disclosure of information by supervisory authorities of the Member States. Details regarding the disclosure are specified by Commission Implementing Regulation (EI) 2015/2451 of 2 December 2015 laying down implementing technical standards with regard to the templates and structure of the disclosure of specific information by supervisory authorities in accordance with Solvency II Directive.

Disclosed information: