ESAs publish final draft ITS on reporting templates for intra-group transactions and risk concentration under FICOD

The draft ITS aim at further increasing comparability amongst conglomerates of different EU Member States thereby improving supervisory consistency.

Metadata
Provider: 
ECEC
URL: 
https://www.eiopa.europa.eu/content/esas-publish-final-draft-its-reporting-templates-intra-group-transactions-and-risk_enhttps://www.eiopa.europa.eu/content/esas-publish-final-draft-its-reporting-templates-intra-group-transactions-and-risk_en
Retrieved on: 
Monday, January 18, 2021
Information
Tags: 
Accounting research, Convergence of accounting standards, Articles, European Union law
Summary
Key Points: 
  • The draft ITS aim at further increasing comparability amongst conglomerates of different EU Member States thereby improving supervisory consistency.
  • The harmonisation of the IGT and RC templates for conglomerates aim to align the reporting under FICOD in order to enhance convergence overview on group specific risks, in particular contagion risk.
  • Next steps

    The ESAs draft ITS have been submitted to the European Commission for endorsement in the form of a European Commissions Delegated Regulation, i.e.

  • Following the endorsement, they are subject to non-objection by the European Parliament and the Council of the European Union.
Copyright: 
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