Article 443 of the Capital Requirements Regulation (CRR) mandates the European Banking Authority (EBA) to develop guidelines on unencumbered assets taking into account the European Systemic Risk Board (ESRB) Recommendation of 20 December 2012 on funding of credit institutions.
The mandate in article 443 of the CRR refers to unencumbered assets, whereas the ESRB Recommendation also refers to encumbered assets.
The EBA has now published a Consultation Paper setting out draft guidelines that, when finalised, will cover both encumbered and unencumbered assets in line with the ESRB Recommendation and the requirements in the CRR.
The deadline for responses on the Consultation Paper is 20 March 2014. The guidelines will be reviewed after one year and will form the basis of the binding technical standards on a more extensive disclosure framework that the EBA will develop by 2016.
View Consultation Paper: Draft guidelines on disclosure of encumbered and unencumbered assets, 20 December 2013
View Annex I – AE disclosure templates, 20 December 2013