EBA · 2013_672 Final Q&A

Large Exposures – Disclosure of counterparty names

Name: Large Exposures – Disclosure of counterparty names: EBA Q&A — EU Financial Regulatory Q&A
Creator: European Banking Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Regulation (EU) No 575/2013 (CRR)
Article: 394, para. 1(a), 2(a)
Topic: Large exposures
Submitted by: Credit institution
Submitted: 2013-12-18
Answered: 2014-04-11
Answer provided by: ESAs (EBA, ESMA, EIOPA)

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Question

Where the credit institution does not have consent to disclose the clients names, what should it report here?

Background

Due to sensitivity and local privacy rules.

Answer

Article 394(1)(a) and (2)(a) of Regulation (EU) No. 575/2013 requires to report the identification identity of the client or the group of connected clients to which an institution has a large exposure to their competent authorities . This requires institutions to report certain information regarding large exposures to their competent authorities, which are bound by professional secrecy as required by Article 53 of Directive 2013/36/EU. This does not constitute a disclosure requirement.

Original source: European Banking Authority, Q&A ID 2013_672

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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