ARTICLE
20 April 2015

Regulation On Reporting Of Supervisory Financial Information Under The Single Supervisory Mechanism Comes Into Effect

AO
A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On March 31, 2015, the Regulation of the European Central Bank on reporting of supervisory financial information was published in the Official Journal of the European Union.
European Union Finance and Banking

On March 31, 2015, the Regulation of the European Central Bank on reporting of supervisory financial information was published in the Official Journal of the European Union. The Regulation sets out the requirements for significant and less significant banks to report supervisory financial information to their relevant national regulator. The Regulation applies to all banks that fall under the Single Supervisory Mechanism as well as any branches of banks established outside of the SSM where the branch operates in a Eurozone Member State or another Member State that has opted into the SSM. The aim of the Regulation is to ensure that both significant and less significant firms report a common minimum set of information to national regulators, which will then be passed to the ECB. The Regulation came into effect on April 1, 2015.

The Regulation is available at: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2015.086.01.0013.01.ENG.

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