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HomeESRB Secretariat staff response to the European Commission’s consultation document “Fitness check on supervisory reporting”
ESRB Secretariat staff response to the European Commission’s consultation document “Fitness check on supervisory reporting”
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The Secretariat of the European Systemic Risk Board (ESRB) welcomes the European Commission’s consultation document “Fitness check on supervisory reporting”. This response details issues identified by the ESRB Secretariat with the aim of ensuring that supervisory reporting requirements contribute to financial stability. At the same time, it highlights areas for improvement and benefits that can be achieved by streamlining reporting processes via increased use of granular data and global standards. While the issues discussed in this response have been commented on by the ESRB Advisory Technical Committee and General Board, it is not a formal ESRB response and remains the responsibility of the ESRB Secretariat. The importance of having prompt access to detailed information about the various components of the financial system is one of the key lessons from the global financial crisis.
- Published:
- Corporate author(s): European Systemic Risk Board
- Themes: Activities of the institutions and bodies , Economy — Finance
- Subject: banking policy , banking supervision , consultation procedure , financial policy , secretarial staff , supervisory power
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| ISSN | ISBN 978-92-9472-036-8 | DOI 10.2849/462532 | Catalogue number DT-02-18-390-EN-N |
- Released on EU Publications:
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