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EBA Finds Supervisory Authorities Have Implemented Robust IT Systems And Processes For Supervisory Reporting

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The European Banking Authority (EBA) published today a Report on the Peer Review carried out on its ITS on supervisory reporting aimed at assessing how supervisory authorities have ensured its consistent and comprehensive implementation. The Report summarises the outcomes of this assessment involving the supervisory authorities of all EU Member States, the European Central Bank (ECB)/Single Supervisory Mechanism (SSM) and the supervisory authorities of three European Free Trade Association (EFTA) countries (Iceland, Liechtenstein and Norway). Overall, the Peer Review concluded that most supervisory authorities have put in place robust processes and IT systems to ensure a timely, complete and correct data reporting.

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