EBA Launches Consultation On CyB Disclosure Requirements

SS
Shearman & Sterling LLP

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
The EBA launched a public consultation on RTS on the key information firms must disclose on their compliance with the requirement for a countercyclical capital buffer.
European Union Finance and Banking

On 27 June 2014, the EBA launched a public consultation on proposed draft RTS on the key information firms must disclose on their compliance with the requirement for a countercyclical capital buffer ("CyB"). The consultation proposes two disclosure templates that aim to harmonize the publicly available information available on a firm-specific CyB and the geographical location of the exposures determining that buffer. Responses to the consultation are due by 27 September 2014.

The consultation paper is available at: http://www.eba.europa.eu/documents/10180/741727/EBA-CP-2014-11+%28CP+on+RTS+on+CBB+Disclosure+Art+440+CRR%29.pdf .

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More