Decision (EU) 2017/1198 of the European Central BankShow full title

Decision (EU) 2017/1198 of the European Central Bank

of 27 June 2017

on the reporting of funding plans of credit institutions by national competent authorities to the European Central Bank (ECB/2017/21)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions(1), and in particular Article 6(2) thereof,

Having regard to Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17)(2), and in particular Article 21 thereof,

Having regard to the proposal of the Supervisory Board,

Whereas:

(1) On 19 June 2014 the European Banking Authority (EBA) adopted its Guidelines on harmonised definitions and templates for funding plans of credit institutions under Recommendation A4 of ESRB/2012/2(3) (hereinafter the ‘EBA Guidelines’). The EBA Guidelines seek to establish consistent, efficient and effective supervisory practices by harmonising templates and definitions to facilitate the reporting of funding plans by credit institutions.

(2) The EBA Guidelines are addressed to competent authorities, as defined in Article 4(2) of Regulation (EU) No 1093/2010 of the European Parliament and of the Council(4), and to institutions that report funding plans to their competent authorities in accordance with the national implementation framework of Recommendation ESRB/2012/2 of the European Systemic Risk Board(5).

(3) For the exclusive purpose of carrying out the tasks conferred on it by Articles 4(1) and (2) and 5(2) of Regulation (EU) No 1024/2013, the European Central Bank (ECB) is considered, as appropriate, the competent authority or the designated authority in the participating Member States as established by Union law. Therefore, the ECB is the addressee of the EBA Guidelines regarding credit institutions that are classified as significant in accordance with Regulation (EU) No 1024/2013.

(4) In order to comply with the EBA Guidelines, the ECB should ensure that significant credit institutions report their funding plans in accordance with the harmonised templates and definitions referred to in the funding plan template attached to the EBA Guidelines.

(5) In accordance with Article 6(2) of Regulation (EU) No 1024/2013, and Article 21 of Regulation (EU) No 468/2014 (ECB/2014/17), without prejudice to the ECB's power to directly receive reported information from credit institutions, or to have direct access to that information on an ongoing basis, the national competent authorities will specifically provide the ECB with all information necessary for the purposes of carrying out the tasks conferred on the ECB by Regulation (EU) No 1024/2013.

(6) Considering that the information on funding plans is necessary for micro and macroprudential purposes, the ECB has decided to require national competent authorities to provide it with the funding plans of credit institutions.

(7) The manner in which national competent authorities provide the ECB with the funding plans needs to be specified. In particular, the format, frequency and timing of the submission of information, as well as details of the quality checks performed by national competent authorities before submitting information to the ECB should be specified,

HAS ADOPTED THIS DECISION:

(1)

OJ L 287, 29.10.2013, p. 63.

(2)

OJ L 141, 14.5.2014, p. 1.

(3)

EBA/GL/2014/04.

(4)

Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).

(5)

Recommendation ESRB/2012/2 of the European Systemic Risk Board of 20 December 2012 on funding of credit institutions (OJ C 119, 25.4.2013, p. 1).