Comparability
EU banks need to improve disclosures
Créé le
10.03.2014-
Mis à jour le
11.03.2014Although 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.
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 ...