Implementing Technical Standards on Supervisory Reporting

Status: Adopted and published in the Official Journal

These Implementing Technical Standards (ITS) aim at implementing uniform reporting requirements which are necessary to ensure fair conditions of competition between comparable groups of credit institutions and investment firms. Uniform requirements will ultimately make institutions more efficient and result in a greater convergence of supervisory practices. These ITS will cover reporting of own-funds and capital requirements (currently under the COREP Guidelines), reporting of financial information (currently under the FINREP Guidelines),reporting on large exposures (currently under the COREP Large Exposures Guidelines), reporting on leverage and reporting on liquidity and stable funding. They will be complemented by other specific reporting templates introduced by the Capital Requirements Regulation (asset encumbrance, forbearance and non-performing exposures).

EBA issues amended technical standards on supervisory reporting for institutions

EBA issues amended technical standards on supervisory reporting for institutions

30 July 2014

The European Banking Authority (EBA) published today its Final draft Implementing Technical Standards (ITS) amending the Commission's Implementing Regulation (EU) No 680/2014 on supervisory reporting under Regulation (EU) No 575/2013 of the European Parliament and of the Council. These final draft ITS include minor changes to templates and instructions which the EBA deemed necessary to publish in order to reflect some of the answers published in its Single Rulebook Q&As, as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of December 2014.

To help users better understand the amendments, the EBA also published a version of the Annexes 1 to 7 of this Final ITS in track-changes.

While validation rules and Data Point Model are expected to no longer be part of the ITS on Supervisory reporting of institutions (due to the proposed deletion of Annexes 14 and 15), they will remain available for download on the EBA's website along with the applicable taxonomy, the publication of which is expected in August.

Legal basis

The EBA is required to develop Implementing Technical Standards specifying supervisory reporting in the area of own fund requirements and financial information (Article 99 of Regulation (EU) No 575/2013), of losses stemming from lending collateralized by immovable property (Articles 101(4)(a) of Regulation (EU) No 575/2013) and of large exposures and other largest exposures (Article 415 of Regulation (EU) No 575/2013). This publication comes as an update to the publication of Regulation (EU) No 680/2014 – ITS on Supervisory Reporting of institutions published in the Official Journal of the European Commission on 28/06/2014.

Press contacts:

Franca Rosa Congiu

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

EBA publishes final draft technical standards on supervisory reporting requirements

EBA publishes final draft technical standards on supervisory reporting requirements

26 July 2013

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on supervisory reporting. They set out reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio and liquidity ratios. These draft ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the EU and facilitating a proper functioning of cross-border supervision.

Uniform reporting requirements are necessary to ensure fair conditions of competition between comparable groups of credit institutions and investment firms. In this respect, these ITS on reporting requirements will lead to greater efficiency for institutions, but also to greater convergence of supervisory practices across Members States, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.

These draft ITS specify uniform formats, frequencies, dates of reporting, definitions and IT solutions to be applied by credit institutions and investment firms in Europe on both an individual and consolidated level, with the exception of financial information.

The ITS package released today includes the following technical documents:

Main provisions covering reporting requirements;

A set of templates and related instructions regarding supervisory reporting requirements;

A set of data point descriptions and

A set of validation formulae.

Questions from stakeholders on the interpretation and implementation of the requirements included in the ITS will be answered by the EBA using a Q&A tool available on its website. Answers will only be published once the Standards have been published in the Official Journal of the European Union.

Legal basis and next steps

These final ITS have been developed in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (colloquially known as Capital Requirements Regulation or CRR).

The final standards have been sent today to the European Commission for their adoption as EU Regulations that will be directly applicable throughout the EU.

In the second half of 2013, the EBA is expected to publish an update of these ITS as a result of additional reporting requirements regarding asset encumbrance, non performing loans and forbearance.

Press contacts:

Franca Rosa Congiu

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