Supervisory Disclosure is viewed as a comprehensive policy of transparency.
Its aim is to make information related to prudential supervision available in a timely manner to all interested parties, including credit institutions, investment firms, other market participants, other supervisors, and consumers.
The framework for supervisory disclosure aims to provide information without seeking to interpret or validate disclosures. It is designed to enhance the transparency of the legislative and regulatory process in each Member State as it implements the Capital Requirements Directive (CRD).
The role of disclosure is specifically set forth in the CRD which is composed of Directive 2006/48/EC relating to the taking up and pursuit of the business of credit institutions (recast) and Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions (recast).
In accordance with Article 144 of Directive 2006/48/EC the Financial Regulator will display and provide access to information regarding the laws, regulations, administrative rules and general guidance adopted by Ireland in the field of prudential regulation and supervision.
The Financial Regulator will also display aggregate statistical data on key aspects of the implementation of the prudential framework in Ireland.
The supervisory practice to be disclosed here will include the way in which Ireland exercises the options and national discretions available in EU banking legislation and the general criteria and methodologies used by the Financial Regulator in the Supervisory Review and Evaluation Process (SREP).
Supervisory Disclosures is divided into four main sections:
- Rules and Guidance
- Options and National Discretions
- Supervisory Review
- Irish Statistical Data
Access the Supervisory Disclosure pages of each national authority through the Committee of European Banking Supervisors (CEBS) Member States Supervisory Disclosures.
Our intention is to present a comprehensive overview of supervisory and regulatory practice in Ireland and to provide easy access to more detailed information and to permit meaningful comparison of the approaches adopted by the national authorities in different Member States. View the CEBS Guidelines on Supervisory Disclosure.