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Committee of European Banking Supervisors: New classification system between the reporting frameworks of the ECB and CEBS

( February 17, 2010, 10:39 GMT | Official Statement) -- MLex Summary: In a project to reduce compliance burdens for banks, EU bank regulators and the European Central Bank issued a report detailing differences in statistical reporting requirements. The findings are aimed at reconciling the requirements to reduce duplications.The European Central Bank (ECB) and the Committee of European Banking Supervisors (CEBS) have today published a new classification system aimed at reducing over time the reporting burden placed on entities that are required to deliver data to the Eurosystem as well as to supervisory authorities....

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