CEBS issues reporting framework
CORPORATE GOVERNANCE
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 definitions for prudential reporting in all countries where the framework will be applied...and it
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