Supervisory disclosure

The transparency of the supervisory activity is an important component of the new prudential framework developed by the Basel Committee on Banking Supervision (BCBS), known as "Basel II", and adopted by Community legislation through Directives 2006/48/EC and 2006/49/EC.

In particular, 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) establishes a set of disclosure requirements with which the supervisory authorities have to comply.

In this regard, the Committee of European Banking Supervisors (CEBS) has developed a standardised supervisory disclosure framework, enabling an easy comparison of the approaches adopted by the several competent authorities. Under this framework, the relevant information is disclosed by each Member State in standardised format and is also published in a dedicated section on the EBA’s website.

The tables shown in pages "Rules and guidelines", "Options and national discretions", "Supervisory review" and "Statistical data" fulfil such disclosure requirements.