Tuesday 7 June 2016

SUPERVISORY BENCHMARKING

The European Banking Authority (EBA) published a Decision on data for supervisory benchmarking. It comes after the publication of the amended technical standards on benchmarking of internal approaches and requires Competent Authorities to submit data for the 2016 benchmarking exercise, focusing on High Default Portfolios and with reference to end-2015 data.
  • Data submitted to the EBA according to this Decision shall be covered by the EU law framework of professional secrecy and confidentiality as applicable to the EBA. Access to this data shall be provided in conformity with the EBA Regulation.
  • This Decision is without prejudice to the EBA’s power (Article 35 of the EBA Regulation) to request the competent authorities to submit other data or data from institutions