2014 Progress Report on Implementation of the EDTF Principles and Recommendations
The EDTF, with the support of PwC, conducted a follow-up survey to understand banks' progress in implementing the EDTF's recommendations during 2013. Banks reported that overall implementation has risen by 27 percentage points, and implementation was broad-based. Banks reported less progress toward implementing recommendations that have the potential to conflict with forthcoming regulatory requirements or templates, such as in the areas of capital, risk-weighted assets, and liquidity. Implementation of qualitative recommendations remains higher (general, risk governance and risk management strategies, and other risks) than for quantitative recommendations. Certain quantitative disclosures remain challenging to implement. Banks continue to highlight operational challenges in the implementation of quantitative disclosures around capital, market risk, credit risk, and funding. However, significant progress has been made over the course of the past year.