European Union:
EU Legislation Published To Update Supervisory Reporting Requirements
20 November 2018
Shearman & Sterling LLP
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A Commission Implementing Regulation supplementing the Capital
Requirements Regulation has been published in the Official Journal
of the European Union. The Implementing Regulation amends the
existing Implementing Regulation ((EU) No 680/2014) to reflect the
gradual supplementation and amendment of elements of the CRR
reporting requirements by the adoption of further Regulatory
Technical Standards. The Amending Regulation was adopted by the
European Commission on October 9, 2018. It amends the existing
Implementing Regulation to set out:
- additional requirements relating to
prudent valuation adjustments of fair-valued positions;
- additional requirements to
accommodate the reporting on securitization positions subject to
the revised securitization framework; and
- minor changes to the reporting
requirements on the geographical distribution of exposures
The Amending Regulation will enter into force on November 29,
2018 and will apply directly across the EU from December 1,
2018.
The Commission Implementing Regulation (EU) 2018/1627 is
available at: https://eur-lex.europa.eu/legalcontent/EN/TXT/PDF/?uri=CELEX:32018R1627&from=EN.
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.
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