The European Banking Authority (EBA) has published a Consultation Paper on proposed guidelines on materiality, proprietary and confidentiality and on disclosure frequency relating to articles 432(1), 432(2) and 433 of the Capital Requirements Regulation (CRR). The proposed guidelines are intended to provide common frameworks that cover the:
- process that institutions should follow in their assessments of the use of any disclosure waiver and of their need to disclose information in Part Eight of the CRR more frequently than annually;
- criteria that institutions should consider in the assessments of the use of any disclosure waiver and of their need to disclose information in Part Eight of the CRR more frequently than annually; and
- the information that institutions should provide when using the disclosure waivers or choosing to disclose more frequently.
The deadline for responding to the Consultation Paper is 13 September 2014. The EBA is required to publish the final version of the guidelines by 31 December 2014.
