Regulatory Alerts2020-10-26
Communication of 23 October 2020. EBA Guidelines on supervisory reporting and public disclosure requirements under Regulation 873/2020 (CRR Quick-fix) applicable to SIMs and SIM groups
The Bank of Italy issued a binding communication implementing EBA Guidelines (EBA/GL/2020/11 and EBA/GL/2020/12) to align supervisory reporting and public disclosures with the CRR Quick-fix measures introduced in response to the COVID-19 pandemic. The document details specific prudential treatments for the leverage ratio, credit risk capital requirements, and own funds filters, including temporary exclusions of central bank exposures and transitional adjustments for IFRS 9 impacts. It mandates enhanced public disclosures regarding these exclusions and qualitative information on IFRS 9 discretionary decisions, entering into force upon publication in the Official Gazette following CONSOB consultation.
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