La presente informativa è resa, anche ai sensi dell’art. 13 del D. Lgs. 196/2003 “Codice in materia di protezione dei dati personali” (“Codice Privacy”) 
e degli artt. 13 e 14 del Regolamento (UE) 2016/679 (“GDPR”), a coloro che si collegano alla presente edizione online del giornale Tribuna Economica di proprietà di AFC Editore Soc. Coop. 

Leggi di più


As part of its drive for more proportionate regulatory and supervisory framework, the European Banking Authority (EBA) has finalised its comprehensive study of the cost of compliance of European Economic Area (EEA) banks with the supervisory reporting requirements. In the summary report published, the EBA has identified numerous recommendations collectively

leading to a potential reduction of the banks’ reporting costs by up to 15-24%. Most of the recommendations will be implemented by the EBA as part of its ongoing policy work on developing and enhancing the common EU supervisory reporting framework.

The cost of compliance study focuses on three main aspects. First, it tries to  understand the actual reporting costs incurred by the EEA banks in relation to supervisory reporting, and in particular in relation to the EBA implementing technical standards (ITS) on Supervisory Reporting. Second, it assesses the effects of a reduction of some specific reporting requirements on reporting costs and supervisory effectiveness. Third, it assesses whether the reporting costs were proportionate with regard to the benefits delivered. In the report the EBA also looked at the classification of the EEA banks into various proportionality categories introduced in the Capital Requirements Regulation (CRR).

In the report the EBA identifies 25 recommendations aimed at reducing the costs of compliance with supervisory reporting requirements focusing primarily on small and non-complex institutions. However, the recommendations will improve reporting requirements and processes for all institutions whilst retaining the end-user benefits of the single supervisory framework. The recommendations address four broad areas: changes to the development process for the EBA reporting framework; changes to the design of EBA supervisory reporting requirements and reporting content; coordination and integration of data requests and reporting requirements; changes to the reporting process, including the wider use of technology.

The study also identified the need to remove barrier to the wider adoption by institutions of FinTech and RegTech solutions as well as to promote better digitalisation of the institutions’ internal documents and contracts.  This is particularly relevant for small and non-complex institutions.

The EBA will incorporate the recommendations into its work programme and implement them as part of the ongoing work, according to the availability of internal resources. Certain recommendations would lead to specific policy products that will follow the usual policy development process, which includes seeking industry and other stakeholders’ views through the public consultation process.