- Institutions ‘may’ choose to disclose information on the BTAR and not be required to do it on a best-effort basis.
- Collecting information from the appropriate counterparties will be voluntary, and the institutions need to inform the appropriate counterparties that the disclosure of mentioned information is voluntary.
The opinion highlights that the purpose of BTAR is to combat asymmetric treatment of exposures towards counterparties which could be comparable to the institution in terms of riskiness.
For this reason, EBA prefers the original wording of the ITS that asks for information disclosure to be on a best-effort basis. Nevertheless, EBA accepts the amendments proposed by the EC
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RBI Regulatory Advisory
Raiffeisen Bank International AG | Member of RBI Group | Am Stadtpark 9, 1030 Vienna, Austria | Tel: +43 1 71707 - 5923