The European Commission has mandated PwC to assess the economic impact of new reporting disclosures under CRD IV, a major package of prudential reform introduced by European regulators at the start of this year.

The Commission's directorate-general for Internal Market and Services has contracted the consultancy firm to assess the "potential economic consequences" of so-called 'country-by-country reporting' under CRD IV, according to a recent tender notice on its website.