EBA · 2014_1621 Rejected question

FINREP

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
?, para. ?
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Submitted by
Consultancy firm
Submitted
2014-11-17

Question

According to the Financial Conduct Authority in the United Kingdom, only groups that report under International Financial Reporting Standards (IFRS) are subject to FINREP. However, the EBA has issued templates and instructions for groups that report under National GAAP. Therefore the EBA is indicating that groups must submit FINREP reports regardless of whether they report under IFRS or National GAAP. Please advise if groups reporting under National GAAP are required to provide FINREP submissions.

Background

Review of requirements for FINREP
No answer published yet.

Original source: European Banking Authority, Q&A ID 2014_1621

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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