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Following consultation on country-by-country reporting under the fourth Capital Requirements Directive (CRD IV) HM Treasury is seeking final views on the country-by-country reporting draft legislation and draft guidance.
The regulations require each institution to publicly disclose annually on a consolidated basis, by country of establishment:
From 1 July 2014 items a. to c. must be published with certain firms having to provide the other information on a confidential basis to the European Commission and HM Revenue and Customs.
The deadline for comments is 26 November 2013.
Related Link:
https://www.gov.uk/government/consultations/capital-requirements-directive-4-country-by-country-reporting-draft-legislation-and-draft-guidance
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
22 October
Alex Kreger Founder and CEO at UXDA Financial UX Design
21 October
Robert Kraal Co-founder and CBDO at Silverflow
20 October
Stanley Epstein Associate at Citadel Advantage Group
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