The European Banking Authority (EBA) has published its guidelines on materiality, proprietary and confidentiality and on disclosure frequency relating to Articles 432(1),(2), and 433 of the Capital Requirements Regulation.
Since 2009 the EBA has performed a series of assessments of regulatory disclosures which have shown that the concepts of materiality, proprietary and confidentiality have been implemented differently by different institutions, and that few disclosures have been provided on the implementation of these concepts and on information that has therefore not been disclosed.
The guidelines aim to contribute to the correct functioning of market discipline by addressing weakness and ensuring some degree of consistency in the assessments of materiality, of the proprietary or confidential nature of information and of the need to provide more frequent disclosures.
The guidelines provide a common but flexible framework that cover:
- the process that institutions should follow;
- the criteria that institutions should consider; and
- the information that institutions should provide.
View Guidelines on materiality, proprietary and confidentiality and on disclosure frequency under Articles 432(1), 432(2) and 433 of Regulation (EU) No 575/2013, 23 December 2014
