The European Banking Authority’s take on compliance costs

In 2020, the EBA explored and analysed the effectiveness of supervisory reporting, considering the many factors influencing the overall compliance of the banking sector. The analysis is based on the mandate laid out in the CRR, which requires the EBA to keep a close eye on costs of compliance and how to reduce them. The study itself is a highlight on the reporting landscape of Europe, with the EBA conducting interviews with institutions across Member States to gather insights.

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