EBA Mandates Standardized Reporting for Supervisory Statistics
1 report, 1 independent
Updated Jan 1
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What happened
The European Banking Authority mandated standardized reporting for supervisory statistics. This requirement applies to several financial sectors, including banks, credit unions, and investment firms under the EBA single reporting frameworks. The reports also detail specific contact methods for inquiries related to frameworks such as Solvency II for insurance companies and for payment institutions.
From cnb.cz
Why it matters
The mandate establishes standardized procedures for supervisory reporting across Europe. This change is intended to ensure that inquiries regarding supervisory reporting are answered quickly and correctly, given the complexity and increasing scope of these statistics.
From cnb.cz