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ARTICLE · 29 AUGUST 2014

Financial Regulatory Developments Focus - 20 August 2014

A&O Shearman
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The EBA published new XBRL taxonomy for national regulators to provide data under the new European capital requirements legislation.

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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In this newsletter, we provide a snapshot of the principal European, US and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructures, asset managers and corporates.

BANK PRUDENTIAL REGULATION & REGULATORY CAPITAL

EBA Publishes New Taxonomy for Supervisory Reporting

On August 18, 2014, the European Banking Authority ("EBA") published new XBRL taxonomy for national regulators to provide data to the EBA under the supervisory reporting requirements set out in the new European capital requirements legislation. The revised taxonomy is required to address errors to reporting structures and will align with the recently published implementing technical standards amendments. Reports with reference dates of December 31, 2014 onwards should use the new taxonomy. Supervisory reporting covers own funds, financial information, large exposures, leverage and liquidity ratios, asset encumbrance and funding plans.

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