Europe: EBA Internal Governance Guidelines - compliance information published

The European Banking Authority has published a document setting out whether Member States' competent authorities comply (or intend to comply) with the EBA's Guidelines on Internal Governance published in September 2011: see here (pdf).

Under Article 16(3) of the EBA Regulation (available here, pdf), Member States' competent authorities are required to inform the EBA whether they comply (or intend to comply) with EBA guidelines or recommendations within two months of the publication of such guidelines and recommendations. Where a competent authority does not comply, or does not intend to comply, it is required to provide reasons to the EBA, which the EBA has the discretion to publish.