Regulatory Alerts2018-12-06
Disclosure of Financial Information – Commission Regulations and EBA Recommendations
The Norwegian Financial Supervisory Authority issued circular 5/2018 to outline the application of EU Commission regulations and EBA recommendations regarding the disclosure of financial information for banks and financial enterprises. The document mandates compliance with specific technical standards for capital, liquidity, and leverage ratios, while strongly encouraging adherence to EBA guidelines for comprehensive reporting on risk management, remuneration, and systemic importance. It establishes detailed expectations for systemically important institutions to enhance transparency through standardized templates and frequent reporting of key financial metrics.
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