EU banks need to improve disclosures

Créé le

10.03.2014

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Mis à jour le

11.03.2014

Although the European Banking Authority (EBA) is aware of the costs and difficulties banks encounter to comply with reporting and disclosure, an improved transparency is key for regulators as well as markets.

Piers Haben

Directeur des marchés bancaire, de l'innovation et des consommateurs Autorité bancaire européenne (ABE)

Rémi Boutant

Bank expert Autorité bancaire européenne (EBA)

Concerning COREP and FINREP, do you consider banks will meet the deadline, which is very close now?

RB: COREP and FINREP won’t be issued at the same time. COREP is implemented from the 1st of January, and the first set of data has to be ready as of March, with a longer remittance date; then FINREP will be as of September, and the remittance date should be as of mid-November. Deadlines will be longer for new reportings we introduced later: for example for the reporting on Forbearance and Non-performing exposures, the remittance date will be postponed to December.

PH: We really appreciate ...