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ARTICLE · 29 JULY 2014

ECB Decision On SSM Reporting

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A Decision of the ECB on the reporting of information and data collected from individual banks and investment firms was published in the Official Journal.

European UnionFinance and Banking

On July 19, 2014, a Decision of the European Central Bank ("ECB") dated July 2, 2014 on the reporting of information and data collected from individual banks and investment firms by national regulators was published in the Official Journal of the European Union. Banks are subject to regular reporting requirements to national regulators for their regulatory capital under the Capital Requirements Regulation ("CRR"). The ECB Decision sets out procedures applicable to national regulators falling within the scope of the Single Supervisory Mechanism ("SSM") for reporting such information to the ECB.

The Decision is available at:

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.214.01.0034.01.ENG.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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