About this initiative

Summary

The assessment of supervisory reporting requirements in EU financial legislation will check if these requirements are meeting their objectives, if the different reporting frameworks are consistent with one another, and if the cost and burden of reporting is reasonable and proportionate. It will identify areas where the reporting cost and burden could be reduced by streamlining requirements, while continuing to ensure financial stability, market integrity, and consumer protection.

Topic
Banking and financial services

Roadmap

Feedback: closed
Type
Feedback period
17 October 2017 - 14 November 2017
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Feedback (9)

  • BETTER FINANCE (Belgium)
    14 November 2017 Non-governmental organisation (NGO)
    BETTER FINANCE (Belgium)

    BETTER FINANCE welcomes the Commission’s fitness check of the EU supervisory reporting requirements in the financial sector. Reducing the burden of supervisory reporting requirements must not happen at the expense of financial services users: As mentioned in the Fitness check, reporting requirements are perceived as costly and burdensome, entailing negative impact on the quality of the data. The EC’s goal to assess whether the supervisory...

  • Insurance Europe (Belgium)
    14 November 2017 Business association
    Insurance Europe (Belgium)

    This feedback was removed either at the request of the author or because it did not comply with the European Commission's rules for publishing feedback and suggestions.

  • German Insurance Association (GDV) (Germany)
    14 November 2017 Business association
    German Insurance Association (GDV) (Germany)

    Please see the attachment.

All feedback (9) >

Public consultation

Feedback: upcoming

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