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EU banking authorities agree to examine ways to reduce duplicate reporting

KROV newsroom

12 Nov 2026, 9:15 am IST1 min read

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European Union banking authorities will look for ways to reduce duplicate reporting by financial institutions after a first meeting on banking competitiveness, according to a European Commission statement published November 11. Participants will give the Commission examples of where sharing data among EU and national authorities could help.

Technical teams will also examine how supervision and the handling of failing banks affect competitiveness. Participants agreed to make clearer which requirements are binding and which publications provide guidance. The Commission invited suggestions on whether some changes would require legislation.

The commission says a second meeting is planned for early 2027. The first meeting set out areas for further work.

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