Rules and guidelines

The competent authorities shall disclose the texts of laws, regulations, administrative rules and general guidance adopted in the respective Member State in the field of prudential regulation, as set out in Article 144 of Directive 2006/48/EC (transposed into Portuguese law by Article 93-A of the Legal Framework of Credit Institutions and Financial Companies).

The content and the detail level of the information to be disclosed by the supervisory authorities of the European Union have been agreed within the framework of the Committee of European Banking Supervisors (CEBS).

Thus, in addition to the disclosure of relevant texts, supervisory authorities shall also publish national guidance on the recognition process of external credit assessment institutions, on the model validation and model approval, on the slotting  criteria for specialised lending transactions as well as a list of regional governments and local authorities and public sector entities treated as central government for credit risk capital requirements purposes.

The tables on this page provide information within the CEBS’ framework:

• Transposition of Directive 2006/48/EC 
• Transposition of Directive 2006/49/EC 
• ECAI recognition process 
• Guidance for model validation 
• Guidance for model approval 
• Slotting criteria for specialised lending 
• Specific treatment of securitisations
• Disclosure on waivers for solo supervision
• Additional information – List of regional governments and local authorities
• Mergers and acquisitions 
• Credit risk mitigation 
• Application of Pillar 3

Additionally, this page displays three tables presenting the use in Portugal of the CEBS’ Guidelines on reporting:

• Use of the "Guidelines on Financial Reporting" (FINREP) 
• Use of the "Guidelines on Common Reporting – general information" (COREP) 
• Use of the "Guidelines on Common Reporting – detailed information" (COREP) 

The questions on the reporting of information that have been raised within the framework of the implementation of these Guidelines are available on the EBA’s website.