Consultation response

25 January 2018

EC’s consultation on fitness check on supervisory reporting

Accountancy Europe responded to European Commission’s questionnaire on fitness check on supervisory reporting aiming to gather evidence on the cost of compliance with existing EU-level supervisory reporting requirements.

We have submitted a comment letter with our views on the divergence in practice in the auditor’s involvement in regulatory reporting and public disclosure for banks and insurance undertakings. This divergence may create doubts about the reliability and quality of data.

We provided more information to support our views from two survey results on audit of Solvency II reporting by insurance undertakings and on audit of banks across Europe (links below).

Related content

PublicationScope of audit of Solvency II reporting by insurance undertakings

15 December 2016

PublicationScope of audit of banks across Europe – 2016 update

29 September 2016

UpdateCapital Markets Union

2 February 2018

UpdateCapital Markets Union

2 January 2018

UpdateCapital Markets Union

4 December 2017

Consultation responseEC’s provisioning for newly originated loans that turn non-performing

4 December 2017

Consultation responseECB’s guidance to banks on non-performing loans

4 December 2017

UpdateCapital Markets Union

3 November 2017

BlogBusiness insolvency: breaking the taboo

16 October 2017

UpdateCapital Markets Union

5 October 2017

PublicationEU Business restructuring & insolvency

3 October 2017

UpdateCapital Markets Union

4 September 2017

UpdateCapital Markets Union

11 July 2017

PublicationJoint proposals on the prospectus regulation level II measures

6 July 2017

PublicationModel simplified SME Prospectus

9 June 2017

Press ReleaseAccountancy Europe presents concrete steps to improve SMEs’ access to capital markets under CMU

8 June 2017

UpdateCapital Markets Union

7 June 2017

Consultation responseEuropean Commission on the operations of the European Supervisory Authorities

17 May 2017

Consultation responseEuropean Commission on FinTech

17 May 2017

UpdateCapital Markets Union

5 May 2017

UpdateCapital Markets Union

5 April 2017

Consultation responseEC’s consultation: the mid-term review of the CMU

20 March 2017

Sign up for our newsletter