Financial Regulation
EBA Sets Harmonised Reporting for Third-Country Branches
The European Banking Authority (EBA) has published its final report on Implementing Technical Standards (ITS) for supervisory reporting of third-country branches. The report aims to enhance the oversight of these branches under the Capital Requirements Regulation (CRR). These harmonised reporting standards will provide supervisors with consistent and comparable data, improving their ability to monitor risks and ensure financial stability. The new standards will apply to all third-country branches operating within the EU.
New reporting rules enhance oversight of non-EU bank branches operating in the EU.