CEBS issues reporting framework
LONDON – In mid-January, the Committee of European Banking Supervisors (CEBS) published guidelines on a common reporting framework to be used by credit institutions and investment firms when they report their solvency ratio to supervisory authorities under the Capital Requirements Directive (CRD).
It is hoped the framework will assist with harmonisation and efficiency, since existing reporting requirements for credit institutions and investment firms will need to be revised in all EU member states to the new CEBS standard.
According to Jourko Marttila, a spokesman for the organisation, "CEBS' standardised financial reporting framework will enable banks to use the same data formats and data
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