Supervisory Disclosure Requirements under Basel II

In this section of its homepage, the FMA displays and provides access to information regarding the implementation of Basel II in Austria. The supervisory disclosure framework was designed by the Committee of European Banking Supervisors (CEBS) and is based on Article 144 of Directive 2006/48/EC ("CRD") and further disclosure requirements of the CRD (transposed in Article 69b of the Austrian Banking Act).

The FMA must publish and regularly update the following information on the internet:

1. the texts of laws, regulations, administrative rules and general guidance adopted in their Member State in the field of prudential regulation;
2. the minimum standards and circulars published by the FMA in the field of banking supervision;
3. the exercise of the discretions permitted under Directives 2006/48/EC and 2006/49/EC;
4. the general criteria and methods applied in the review and assessment of a credit institution's risk management and risk coverage pursuant to Article 39a;
5. aggregate statistical data on central aspects of Directives 2006/48/EC and 2006/49/EC, with due adherence to banking secrecy requirements pursuant to Article 38;
6. a list of authorised external credit assessment institutions;
7. a list of countries and municipalities the liabilities of which are assigned a risk weight of 0%.

The supervisory disclosure framework aims at allowing a meaningful comparison of the EU-wide Basel II implementation. The voluntary commitment of all European Supervisory Authorities to implement an area within their national homepages that is identically structured and linked via the EBA homepage is so far unprecedented. The implementation of a first time Europe-wide network of all Supervisory Authorities revolutionises international supervisory practice.