EBA Harmonises Reporting for Third-Country Branches
The European Banking Authority (EBA) has published its final report on draft Implementing Technical Standards (ITS) for supervisory reporting of third-country branches. These standards aim to enhance oversight of these branches under the Capital Requirements Regulation. The harmonized reporting will provide supervisors with a more consistent and comprehensive view of the activities and risks associated with third-country branches operating in the EU. This will contribute to greater financial stability.
Improved oversight of non-EU bank branches operating in the EU.