Public consultation by the ECB: draft Regulation on reporting of supervisory financial information
On 23 October 2014, the European Central Bank launched a public consultation on its draft Regulation on reporting of supervisory financial information (FINREP). All supervised entities will be subject to the reporting requirements laid down in the draft Regulation. The reporting requirements will extend to both single supervised entities reporting at the solo level and supervised entities under national accounting frameworks reporting at the consolidated level. However, the principle of proportionality will be applied to the data content and implementation period for reporting.
The consultation is open until 4 December 2014. The ECB will also hold a public hearing on the draft Regulation at its premises in Frankfurt am Main on 13 November 2014.
The consultation press release and documents are accessible via the ECB website.
For further information, please contact
Sinikka Loponen, Analyst, tel. +358 10 831 5239 or sinikka.loponen(at)fiva.fi.