TSI Fachnews Verbriefungen und Kreditfonds

CRR: EU Commission adopts RTS for asset encumbrance disclosure

The EU Commission has adopted a Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regard to RTS for the disclosure of encumbered and unencumbered assets.
Based on the technical standards drafted by the EBA and building on the EBA disclosure guidelines, the Delegated Regulation sets out the data required for asset encumbrance disclosure, which includes:

  • the amount of encumbered and unencumbered assets under the applicable accounting framework by asset type;
  • the collateral received by asset type;
  • the liabilities associated with encumbered assets and collateral received; and
  • narrative information relating to the impact of the business model on the level and importance of encumbrance.

The format disclosure should take is provided for in templates annexed to the Delegated Regulation.

The Delegated Regulation will enter into force on the twentieth day following its publication in the Official Journal. The application of additional disclosure requirements concerning asset quality indicators has been deferred by one year so that institutions can develop necessary IT systems.
To the Delegated Regulation