Guidelines on harmonised definitions and templates for funding plans of credit institutions

Status: Final and translated into the EU official languages

These Guidelines propose harmonised definitions and templates for funding plans of credit institutions, with the objective of ensuring consistency in the way the reporting of funding plans is conducted.

EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions

EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions

30 June 2014

The European Banking Authority (EBA) published today its final Guidelines on harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising reporting of funding plans across the EU.

This set of common templates and definitions provides a tool for competent authorities to assess the feasibility, viability and soundness of funding plans, as well as their impact on the supply of credit to the real economy. Moreover, it will enable the EBA to fulfil its mandate of coordinating the assessment of funding plans and assessing their viability across the EU banking system. The proposed templates rely on definitions currently in use, so they ensure consistency with existing reporting practices.

The EBA is introducing a set of templates that contain harmonised definitions of the data that institutions should report to their competent authorities and the latter to the EBA. The set of templates will also enable the EBA to coordinate the assessment of funding plans and their viability across the EU, and for the EU banking system as a whole.

The harmonised definitions and templates will enable competent authorities to discuss the funding plans of cross border institutions in colleges in a harmonised manner. The funding plans will be assessed during the Supervisory Review and Evaluation Process (SREP) culminating in a Joint Decision on liquidity and funding in colleges of supervisors.

The EBA has strived to keep the data burden low, while preserving the information needed to form the basis for a dialogue between credit institutions and their supervisors on funding plans.

In coming weeks, the EBA will publish a data point model describing the templates and containing the definitions, as well as a XBRL taxonomy to support efficient IT implementation. Banks shall provide their first submission to competent authorities by 30 September 2015, with a reference date no later than 30 June 2015. Competent authorities shall then submit the data to the EBA by 15 November 2015. For this first use only, competent authorities may collect and submit data ahead of the deadline and with an earlier reference date. For subsequent submissions, banks shall  submit the data to competent authorities by 31 March and competent authorities to the EBA by 30 April and the common harmonised reference date will be 31 December of the previous year.

Legal basis

These Guidelines seek to establish consistent, efficient and effective supervisory practices by harmonising templates and definitions on the basis of Article 35 of the EBA Regulation, for the purposes of ensuring compliance with paragraphs 1–5 of Recommendation A of the European Systemic Risk Board (ESRB) Recommendations of 20 December 2012 on funding plans of credit institutions (‘ESRB Recommendations' and ‘ESRB Recommendation A').

Press contacts:

Franca Rosa Congiu

E-mail: press@eba.europa.eu - Tel: +44 (0) 207 382 1772