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European Commission assesses economic consequences of country-by-country reporting requirements set out in Capital Requirements Directive
The Commission adopted a report containing a general assessment of the economic consequences of country-by-country reporting (CBCR) by banks and investment firms under Article 89 of Directive 2013/36/EU (CRD IV). The key objective of the Commission's report is to assess whether CBCR leads to significant negative economic effects.[...]