JBRC definition
Examples of JBRC in a sentence
The JBRC Secretariat will support both the JBRC and the Steering Committee.
The JBRC reserves the right to decide on the prioritisation of the topics on which it is consulted.
The JBRC is established as a follow up to the feasibility study carried out by the EBA in accordance with the provisions of Article 430c(2)(c) of Regulation (EU) No 575/2013 of the European Parliament and of the Council1 (in the following, referred to as the “Capital Requirements Regulation” or “CRR”), which refers to the establishment of a joint committee, including as a minimum the EBA and the ESCB, for the development and implementation of the integrated reporting system2.
This includes information on the tasks and members of the JBRC and its substructures, which will be published on the internet.
If requested by the JBRC Chairpersons, the members of the JBRC may provide their views in response to a request for advice or an opinion via written procedure within two calendar weeks.
The JBRC will make public and update the list of its members and the members of the RCG.
If a member of the Steering Committee resigns, he or she will be replaced by a new member appointed by the JBRC.
The Joint Bank Reporting Committee (JBRC) fosters collaboration among European institutions and bodies – including national authorities – that prepare and issue requirements on supervisory, resolution and/or statistical reporting in the area of banking, and facilitates collaboration with the wider group of stakeholders in a transparent way.
The revised version will be proposed by the Steering Committee and submitted to the JBRC for approval.
The RCG Chairperson will be appointed by the RCG members, and his or her appointment will be communicated to the JBRC.