The European Banking Authority (EBA) on Tuesday launched a data collection exercise focused on commodity derivatives firms that, it says, is intended to support the European Commission in calibrating a new prudential regime for investment firms.

The data collection process involves five parts, starting with general and financial information. The other three parts will gather information on regulatory capital, liquidity and large exposures.

The process has been designed with a view to reducing the burden on firms by limiting the amount of information that the regulators are requesting, the EBA says in a statement.