EBA is currently also working to develop a technical standard for supervisory reports. The aim is to enable banks throughout Europe to use a single reporting system in the near future. This means there will no longer have to be a separate reporting set for each national regulator. The introduction of the new reporting system will coincide with the introduction of the Capital Requirements Regulation (CRR).
Consultation on standards for capital
At the same time, EBA is also working on binding technical standards for capital. These standards are in addition to the new capital requirements set down in the CRR.
A package of 14 standards relating to a wide range of capital – from the highest quality of capital instruments (Common Equity Tier 1) to lower quality instruments (Tier 2) – has also been developed. Consultations about this package will run until 4 July and EBA plans to submit the final set of standards to the European Commission for approval on 1 January 2013. The new standards will apply as soon as the CRR formally takes effect.
EBA is also working to develop technical standards and guidelines for SREP/Spearhead 2, Boards, EEA passports for branch offices and liquidity reports for the LCR and NSFR.