Regulatory Alerts2017-06-26
Added · Updated
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.
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