About this consultation

Consultation period
1 December 2017 - 14 March 2018
Banking and financial services

Responses to this consultation

Consultation outcome

We received 391 responses and thank all those who contributed to this consultation.

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Target group

While the consultation is open to all interested parties, it is aimed primarily at stakeholders directly or indirectly involved in supervisory reporting, either on the reporting side or on the side receiving and/or processing the reported data, such as financial institutions, non-financial institutions undertaking securities or derivative transactions, central counterparties (CCPs), trade repositories, trading venues, national and EU supervisory and regulatory bodies, etc.

Objective of the consultation

The consultation aims to gather evidence on the cost of compliance with existing EU-level supervisory reporting requirements (in force as of the end of 2016), as well as on the consistency, coherence, effectiveness, efficiency, and EU added value of those requirements. More specifically, it aims to collect concrete quantitative evidence on, among others, any investments required to meet the supervisory reporting requirements, and to gather specific examples of inconsistent, redundant or duplicative supervisory reporting requirements (e.g. reporting the same information under different frameworks or to different supervisory and/or regulatory entities).

With an eye to the future, the consultation seeks feedback on ways in which supervisory reporting could be simplified and streamlined. The results of the consultation will therefore contribute to possible future efforts to improve the usability and overall consistency of the EU supervisory reporting framework in order to help authorities achieve their objectives in a more effective and efficient way.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process only responses received through the online questionnaire will be taken into account and included in the report summarising the responses.

Reference documents

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