- Publication date
- 8 July 2022 (Last updated on: 8 July 2022)
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
- Finance and banking
Article 5g of Council Regulation No 833/2014 and Article 1z of Council Regulation No 765/2006 establish reporting obligations from credit institutions to their national competent authority (NCA) or to the Commission by 27 May 2022 on deposits exceeding 100 000 EUR held by Russian or Belarusian nationals or natural persons residing in Russia or Belarus, or by legal persons, entities or bodies established in Russia or Belarus.
The European Banking Authority (EBA) has developed a template to help credit institutions and NCAs in such reporting. There is no obligation to use this template, but credit institutions and NCAs encouraged to apply it in order to ensure supervisory convergence and reduction of the associated reporting costs, especially for cross-border banks. It is worth noting that although the reporting template is prepared with support from the EBA, there is no reporting line to the EBA.