QA2017-122 - Reporting requirements T00.01 - T08.00

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Feb 01, 2024
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QA2017-122

Question


Will non-banking union NRAs not require separate reporting from subsidiaries who already have reported to the NRA of the parent entity (as different type and format of reports exist throughout the different EU countries outside the Banking Union; last year both reports were required)?


Response


In line with the provisions of the BRRD (art 13.1), the Group-Level Resolution Authority should be responsible to collect data from banking groups. Where the SRM is the GLRA, it will collect data for entities within the entire EU and distribute this data to the concerned NRAs.