The Committee of European Banking Supervisors (CEBS) has published a proposal to amend the Guidelines on Common Reporting (COREP) for the periodic reporting to supervisory authorities in the EU by a supervised entity of its solvency under the recast Directives 2006/48/EC and 2006/49/EC. This proposal aims at EU-wide harmonisation of the reporting frequency used by supervisory authorities and at the harmonisation of the maximum remittance periods for sending in this information. Comments are invited by 19 April 2008.
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CEBS approves a proposal for standardisation of remittance dates and reporting frequencies for supervisory reporting
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