Supervisory disclosure

Published: 22.11.2022 Updated: 28.02.2024

Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC requires competent authorities to disclose certain information in order for the internal banking market to operate with increasing effectiveness and for citizens of the Union to have adequate levels of transparency. The information disclosed should be sufficient to enable a meaningful comparison of the approaches adopted by the competent authorities of the different Member States.

In this section Latvijas Banka publishes and provides access to information regarding the texts of laws, regulations, administrative rules and guidance adopted in the field of prudential regulation and supervision in Latvia. The supervisory disclosure requirements cover options and national discretions, general criteria and methodologies used nationally in the Supervisory Review and Evaluation Process (SREP). This section also contains aggregate statistical data on key aspects of the implementation of the prudential capital adequacy framework in Latvia.

The content of the pages in this section has been divided into four sections:

  • Rules and Guidance
  • Options and National Discretions
  • Supervisory Review
  • Statistical Data.

 

Rules and guidance

This section contains information on texts of laws, regulations, administrative rules and general guidance adopted in Latvia in the field of prudential regulation using the applicable forms set out in parts 1 to 8 of Annex I that Latvijas Banka shall publish pursuant to Article 143(1)(a) of Directive 2013/36/EU.

List of templates

Part 1: Transposition of Directive 2013/36/EU

Part 2: Model approval

Part 3: Specialised lending exposures

Part 4: Credit risk mitigation

Part 5: Specific disclosure requirements applied to institutions

Part 6: Waivers for the application of prudential requirements

Part 7: Qualifying holdings in a credit institution

Part 8: Regulatory and financial reporting

Annex I Rules and guidance

Options and discretions

Directive 2013/36/EU, Regulation (EU) No 575/2013, LCR Delegated Regulation (EU) 2015/61 contain a large number of discretions and options which may be applied on the basis of national circumstances. The following templates show an overview of options and discretions set out in Directive 2013/36/EU, Regulation (EU) No 575/2013 and LCR Delegated Regulation (EU) 2015/61 and the Latvian decisions to exercise these options and discretions.

List of templates

Part 1: Options and discretions set out in Directive 2013/36/EU, Regulation (EU) N° 575/2013 and LCR Delegated Regulation (EU) 2015/61

Part 2: Transitional options and discretions set out in Directive 2013/36/EU and Regulation (EU) N° 575/2013

Part 3: Variable elements of remuneration (Article 94 of Directive 2013/36/EU)

Annex II Options and discretions

Supervisory review process

This section contains information on the general criteria and methodologies used by Latvijas Banka in the supervisory review and evaluation referred to in Article 97 (Supervisory Review and Evaluation Process – SREP) of Directive 2013/36/EU.

Supervisory review and evaluation process

Statistical data

This section includes aggregated statistical data on key aspects of the implementation of the prudential capital adequacy framework in Latvia. Statistical data are related to Less Significant Institutions in Latvia (if not specified otherways). Information for the Significant Institutions will be published by ECB. This section includes statistical data on:

  • The banking and investment firm sector in Latvia (see section Part 1 Data on national financial sector)
  • Pillar 1 credit risk data (see section Part 2 Data on credit risk)
  • Pillar 1 market risk data (see section Part 3 Data on market risks)
  • Pillar 1 operational risk data (see section Part 4 Data on operational risk)
  • Supervisory actions and measures (see section Part 5 Data on supervisory measures and administrative penalties)
  • Exemption from the application of prudential requirements (see section Part 6 Data on waivers)

Links to the supervisory disclosures made pursuant to Directive 2013/36/EU by the supervisory authorities of other European Union Member States are available on the website of the European Banking Authority.

Annex IV Statistical data

Related information

For more information regarding supervisory disclosure in the EU Member States see the EBA homepage: Supervisory Disclosure.

  • COMMISSION IMPLEMENTING REGULATION (EU) 2019/912 of 28 May 2019 amending Implementing Regulation (EU) No 650/2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council
  • COMMISSION IMPLEMENTING REGULATION (EU) No 650/2014 of 4 June 2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council
  • DIRECTIVE 2013/36/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC
  • REGULATION (EU) No 575/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012

Supervision