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Examining the future of regulatory reporting for the banking industry
Journal of Securities Operations & Custody,
8
(4),
292-297
(2016)
Abstract
Reporting is an important tool for assessing bank risk profile, financial stability and with respect to the design and conduct of monetary policy. For the banking industry, regulatory reporting is primarily informed by the principle of maximum harmonisation, even though, in practice, banks have to comply with many other requests. Overburden due to reporting clearly calls for more proportionality in the implementation of common reporting in Europe. In this respect, the European Reporting Framework (EFR) could offer a solution, as a long term objective, for a more pragmatic approach to reporting.
Keywords: regulatory reporting; ITS; maximum harmonization; proportionality; EFR
The full article is available to subscribers to the journal.
Author's Biography
Frédéric Visnovsky joined Banque de France in 1984 and is Deputy Secretary General at Autorité de contrôle prudentiel et de resolution (the French supervisor for banks and insurance). He is in charge of the departments dealing with the supervision of banks, licensing and study. He is also Member of the European Banking Authority (EBA) Board of Supervisors and Chair of its Standing Committee on Accounting Reporting and Auditing (SCARA).
