Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC requires competent authorities to disclose certain information in order for the internal banking market to operate with increasing effectiveness and for citizens of the Union to have adequate levels of transparency. The information disclosed should be sufficient to enable a meaningful comparison of the approaches adopted by the competent authorities of the different Member States.
In this section FCMC publishes and provides access to information regarding the texts of laws, regulations, administrative rules and guidance adopted in the field of prudential regulation and supervision in Latvia. The supervisory disclosure requirements cover options and national discretions, general criteria and methodologies used nationally in the Supervisory Review and Evaluation Process (SREP). This section also contains aggregate statistical data on key aspects of the implementation of the prudential capital adequacy framework in Latvia.
The content of the pages in this section has been divided into four sections:
• Rules and Guidance
• Options and National Discretions
• Supervisory Review
• Statistical Data
For an overview regarding supervisory disclosure in the EU Member States see the corresponding tables on the EBA homepage: Supervisory Disclosure
COMMISSION IMPLEMENTING REGULATION (EU) No 650/2014 of 4 June 2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council
DIRECTIVE 2013/36/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC
REGULATIONS REGULATION (EU) No 575/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012