The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on disclosure for the leverage ratio. These standards will be part of the EU Single Rulebook in the banking sector and aim at harmonising disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions.
These draft ITS include all the items that are relevant for disclosure under the provisions set out in the Capital Requirements Regulation (CRR) and are aligned, as much as possible, with the Basel disclosure framework. The disclosure framework set out in the ITS consists of four templates:
- a table reconciling the figures of the leverage ratio denominator with those reported under the relevant accounting standards;
- a table providing, a breakdown of the leverage ratio denominator by exposure category;
- a table providing a further breakdown of the leverage ratio denominator by group of counterparty;
- a table with qualitative information on leverage risk.
Legal basis and next steps
These final ITS have been developed in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 (CRR) on prudential requirements for credit institutions and investment firms.
The final standards have been sent today to the European Commission for their adoption as Regulations that will be directly applicable throughout the EU.
The European Commission has been empowered to enact a delegated act to change the calculation of the leverage ratio (Article 456(1)(j) of the CRR) before disclosure begins as of 1 January 2015. For this reason, the ITS in general, and the templates and instructions in particular, will be subject to future changes depending on the decisions made in the delegated act.
Related documents:
- Final Draft ITS leverage ratio disclosure [PDF, 993KB]
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