Asset Encumbrance

On 30 October 2013, the European Banking Authority (EBA) published its final draft of the Implementing Technical Standards (ITS) on reporting for Asset Encumbrance. These ITS on Asset Encumbrance complement the existing reporting framework (CoRep and FinRep) submitted for endorsement to the European Commission on 26 July 2013. One objective of Asset Encumbrance is to provide supervisory authorities with a standardized and harmonized view of the level of Asset Encumbrance in institutions and thereby increase transparency of institute-specific risk profiles. Additionally, increased financial stability, depositor protection and reduced risk of systemic events are expected to result in reduced losses for institutions as well as for the Member States’ economies.

BearingPoint offers with ABACUS/DaVinci a regulatory reporting software that covers all reporting requirements of the EBA for reporting encumbered assets. ABACUS/DaVinci fills the forms of Asset Encumbrance reporting via standardized interfaces.

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