In order to ensure transparency as well as to improve the working of the internal banking market, Directive 2013/36/EU (“CRD IV”) obliges the competent authorities to disclose certain information. The following information fulfils this requirement. The published information should permit a meaningful comparison of the approaches adopted by the competent authorities of the different Member States.
In order to guarantee the level of transparency mentioned above, the European Commission issued the Commission Implementing Regulation (EU) No 650/2014 (CDR 650/2014) on 4 June 2014. It is based on a draft published by the European Banking Authority (“EBA”) and defines the format, structure, contents list and annual publication date of the information to be disclosed by the competent authorities.
In addition to the disclosure obligations set out in Commission Implementing Regulation (EU) 650/2014 the FMA’s other disclosure requirements are specified in Article 69b of the Banking Act (BWG – Bankwesengesetz).
Link: Further information on “applicable regulations”
Link: Further information on “National discretions”
Link: Further information on the “Supervisory Review Process”
Link: Further information on “Statistical data”
Annex 4 first applies to data from 2014. Data about 2013 are to be submitted in the existing format.