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Remarque

 

Pour le moment, les pages sur la "Supervisory Disclosure" ne peuvent être consultées qu'en langue anglaise.

 

Supervisory Disclosure - Home

The importance of supervisory transparency and accountability has been stressed by the Basel Committee on Banking Supervision and by the new European legislation (namely the directives 2006/48/EC and 2006/49/EC).

 

The European Banking Authority (EBA) therefore developed a supervisory disclosure framework allowing meaningful comparisons.

 

The tables of information in this section were developed by a working group of EBA and are implemented on the individual homepages of the competent authorities of the EU Member States. The EBA website will serve as a centralised electronic repository and will allow for quick and easy comparison of the relevant information. The websites of the national competent authorities will provide the exhaustive and detailed information required by the Capital Requirements Directive (CRD).

 

Content

 

In this section, the CSSF will publish and give access to information regarding the texts of laws, regulations, administrative rules and general guidance adopted in the field of prudential regulation and supervision in Luxembourg.

 

The supervisory disclosure requirements cover options and national discretions, general criteria and methodologies used nationally in the Supervisory Review and Evaluation Process (SREP). This section contains also aggregate statistical data on key aspects of the implementation of the prudential framework in Luxembourg.

 

The main purpose of supervisory disclosure is to provide easy access to information, give a comprehensive overview of supervisory and regulatory framework in Europe and enable a meaningful comparison of the approaches adopted by the competent supervisory authorities.

 

The content of the pages in this section has been divided into four sections:

 

- Rules and guidance

- Options and national discretions

- Supervisory review

- Statistical data

 

Rules and guidance

 

1. Texts of laws and regulations adopting in each Member State the Basel II provisions within the directive 2006/48/EC (Capital Requirements Directive, CRD) and the directive 2006/49/EC (Capital Adequacy Directive, CAD). The texts outline the primary supervisory requirements for supervised credit institutions and investment firms.

 

2. Administrative rules: There is a variety of definitions of administrative rules. For the purpose of disclosure they are understood as instructions to supervised entities to fulfill certain legislative and regulatory requirements. 

 

3. General guidance includes explicit disclosure requirements from the directive 2006/48/EC and explanations deemed necessary to set out how the rules should be applied by institutions. Additionally such guidance will cover any other relevant information that competent authorities may wish to release to enhance the understanding of the new capital adequacy framework.

 

Options and national discretions

 

The directives 2006/48/EC and 2006/49/EC contain a large number of national discretions and options which may be applied on the basis of national circumstances.

 

Supervisory review

 

This section includes general criteria and methodologies of the Supervisory Review and Evaluation Process (SREP), minimum requirements for institutions' own Capital Adequacy Assessment Process (ICAAP) and policies on supervisory measures.

 

Statistical data

 

This section includes aggregate statistical data on key aspects of the implementation of the prudential framework in each Member State. The disclosure includes national statistical data about the banking sector, credit risk, operational risk, market risk and supervisory actions and measures.

 

 

Relevant document

 

CEBS guidelines on Supervisory Disclosure (November 1, 2005)