Regulatory Alerts2017-06-26
Guidelines on the Assessment of Compliance with Disclosure Requirements under Section 26a KWG and Part 8 of the CRR
The BaFin and Bundesbank issued these June 2017 guidelines to enforce strict compliance with disclosure requirements under Section 26a KWG and Part 8 of the CRR, explicitly rejecting broad waivers based on materiality or confidentiality. The document mandates that institutions provide plausible, objective justifications for any non-disclosure and prohibits reliance on cross-compensation rules or general competition arguments. It further specifies operational requirements for publication timing, electronic accessibility, and the precise granularity of data regarding loan portfolios, capital instruments, and risk provisions.
Share