Data Point Model and Taxonomies for Implementing Technical Standard (ITS) on Supervisory Reporting

Status: Final draft adopted by the EBA and submitted to the European Commission

This page gathers the technical information related to the EBA Data Point Model(s) (DPM) as well as the XBRL Taxonomies according to the Implementing Technical Standards (ITS) on Supervisory Reporting. In order to provide a uniform implementation of the ITS on Supervisory Reporting, the data items included in the ITS have been translated into a DPM. The DPM is a structured representation of the data, identifying all the business concepts and its relations, as well as validation rules. It contains all the relevant technical specifications necessary for developing an IT reporting solution. The XBRL Taxonomies presents the data items, business concepts, relations and validation rules described by the DPM in the technical format of an XBRL taxonomy. Although primarily intended for use in data transmission between competent authorities and the EBA, authorities may choose to use the proposed XBRL taxonomy or a similar one for collecting data from credit institutions and investment firms in Europe.

EBA issues amended standards on supervisory reporting for institutions

EBA issues amended standards on supervisory reporting for institutions

08 March 2016

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.
 
These final draft ITS include minor changes to templates and instructions which the EBA deemed necessary in order to reflect some of the answers published in its Single Rulebook Q&A, to align with disclosure requirements for capital buffers as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of December 2016.
 
To help users better understand the amendments, the EBA also published a version of the Annexes of this final ITS in track-changes. In addition, validation rules, data point model (DPM) and XBRL taxonomies reflecting the amended templates – collectively known as ‘framework release 03/2016' – have also been published.

Legal basis

The EBA is required to develop ITS specifying supervisory reporting in the areas of own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics and supervisory benchmarking. These Technical Standards are adopted by the EU Commission in form of Implementing Regulations. The present publication comes as an update to the publication of Regulation (EU) No 680/2014.
 

Press contacts:

Franca Rosa Congiu

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

EBA publishes new DPM and XBRL taxonomy 2.5 for remittance of supervisory reporting

EBA publishes new DPM and XBRL taxonomy 2.5 for remittance of supervisory reporting

08 March 2016

The European Banking Authority (EBA) published today a revised XBRL taxonomy that Competent Authorities should use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The revised taxonomy will be used for reference dates from 31 December 2016 onwards.
 
The updated taxonomy includes changes and corrections to all the EBA's XBRL reporting structures reflecting the final draft Implementing Technical Standards amending the Commission Implementing Regulation (EU) No 680/2014 on supervisory reporting of institutions (EBA-ITS-2016-03). 
 
The documents published today include the following: 
  • A set of XML files forming the XBRL taxonomy; 
  • A description of the architecture of the XBRL taxonomy; 
  • A description of the Data Point Model (DPM), of which the taxonomy is a standardised technical implementation, including both a database and document representations, along with a description of the formal modelling methodology by which the DPM is defined. 

Applicability

Reports with reference dates as of 31 December 2016 onwards are to use the new taxonomy set (2.5), which is related to the March 2016 framework release.

Background and legal basis

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics, supervisory benchmarking and funding plans. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.
 
Although, the EBA XBRL taxonomy was primarily developed for data transmission between Competent Authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
 

Press contacts:

Franca Rosa Congiu

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

EBA amends DPM and XBRL taxonomy 2.4 for remittance of supervisory reporting

EBA amends DPM and XBRL taxonomy 2.4 for remittance of supervisory reporting

08 March 2016

The European Banking Authority (EBA) published today a corrective update (2.4.1) to the XBRL taxonomy that Competent Authorities shall use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The revised taxonomy will be used for the first reports under the revised Liquidity Coverage Ratio (LCR) and Leverage Ratio (LR) requirements resulting from Delegated Acts of the European Commission.
 
This update is a modification of the previously published 2.4 taxonomy, which it replaces. It corrects a technical error in the reportable content of individual COREP reports and errors in the XBRL implementation of some validation rules.
 
The documents published today include the following: 
  • A set of XML files forming the XBRL taxonomy;
  • A description of the architecture of the XBRL taxonomy; 
  • A description of the Data Point Model (DPM), of which the taxonomy is a standardised technical implementation, including both a database and document representations, along with a description of the formal modelling methodology by which the DPM is defined. 

Applicability

All reports that were previously envisaged to be remitted under the taxonomy set 2.4 will have to use the corrected taxonomy 2.4.1, which is related to the September 2015 framework release Since the amended LCR and LR ITS will apply 6 months from the date of their publication in the Official Journal, the 2.4.1 taxonomy will apply for reference dates following their point of application – as was the case with the 2.4 taxonomy - provided this is prior to December 2016. It should be noted that this same application date will apply to the whole 2.4.1 taxonomy set, including reports other than LCR and LR. The new LCR templates are applicable to credit institutions and not to investment firms. The latter will continue reporting the LCR items using the 2.4.1 multicurrency version of the current LCR templates.

Background and legal basis

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics, supervisory benchmarking and funding plans. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.
 
Although, the EBA XBRL taxonomy was primarily developed for data transmission between Competent Authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
 

Press contacts:

Franca Rosa Congiu

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

EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting

EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting

09 September 2015

The European Banking Authority (EBA) published today an update to the XBRL taxonomy that Competent Authorities should use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will be used for the first reports under the revised Liquidity and Leverage Ratio requirements resulting from Delegated Acts of the European Commission.
 
The updated taxonomy incorporates changes and corrections to the COREP and FINREP reporting structures. In particular, the updated taxonomy incorporates revised reporting structures for leverage ratio, and new parallel reporting structures for liquidity ratio for credit institutions. These changes represent the amendments to the ITS on supervisory reporting resulting from the Commission's adoption of Delegated Acts amending the definition of the Leverage Ratio (LR) and specifying a new Liquidity Coverage Ratio (LCR) framework.
 
In addition, the new taxonomy gives effect to the answer to the Single Rulebook question 2014_1042, which specifies that figures for LCR and Net Stable Funding Requirements (NSFR) templates with breakdowns in significant currencies should be reported in units of the relevant significant currency (and so such reports may contain values which are not all expressed in the same currency).
 
The following documents have been published today: 
  • A set of XML files forming the XBRL taxonomy
  • A description of the architecture of the XBRL taxonomy
  • A description of the Data Point Model (DPM), of which the taxonomy is a standardised technical implementation, including both a database and document representations, along with a description of the formal modelling methodology by which the DPM is defined
The EBA also published today an extension (2.3.2) to the currently applicable XBRL taxonomy set 2.3.1, providing representations of FINREP reports for individual entity consolidation scope. The new DPM and taxonomy elements in 2.3.2 parallel those already existing for consolidated FINREP reports, and are provided by the EBA in order to facilitate further harmonisation of regulatory reporting at the European level. It should be noted that 2.3.2 only adds additional, independent reports for individual consolidation scope FINREP, and makes no changes to existing 2.3.1 reports, with which it is directly compatible at the instance level. As such, it may be ignored by entities not needing to prepare or consume individual scope FINREP reports. 

Applicability

Since the amended LCR and LR ITS will apply 6 months from the date of their publication in the Official Journal, the new 2.4 taxonomy will apply for reference dates following their point of application. Note that this same application date will apply to the whole 2.4 taxonomy set, including reports other than LCR and LR. The new LCR templates are applicable to credit institutions and not to investment firms, the latter will continue reporting the LCR items using the (2.4 multicurrency version of the) current LCR templates.
Regarding 2.3.2, it is not anticipated that individual FINREP data will be remitted to the EBA in the near term, and so the extension will have no relevant applicability at the EBA level. It is however anticipated that competent authorities may choose independently to make use of this harmonised taxonomy in their data collection processes, for example under the ECB's regulation on supervisory financial information.

Background and legal basis

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics, supervisory benchmarking and funding plans. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.
 
Although, the EBA XBRL taxonomy was primarily developed for data transmission between competent authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
 
 

Press contacts:

Franca Rosa Congiu

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

EBA publishes updated DPM and XBRL taxonomy for remittance of supervisory reporting of funding plans and supervisory benchmarking

EBA publishes updated DPM and XBRL taxonomy for remittance of supervisory reporting of funding plans and supervisory benchmarking

08 May 2015

The European Banking Authority (EBA) published today an update to the XBRL taxonomy that Competent Authorities shall use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The revised taxonomy will be used for reports on funding plans and supervisory benchmarking regarding reference dates of 31 December 2014 onwards.

The updated taxonomy incorporates corrections to the funding plans and supervisory benchmarking reporting structures and specifies how separate variants of the reports shall be used for the remittance of individual and consolidated data.
 
The following documents have been published today: 
  • A set of XML files forming the XBRL taxonomy
  • A description of the architecture of the XBRL taxonomy
  • The DPM, of which the taxonomy is a standardised technical implementation, including both a database and document representations, along with a description of the formal modelling approach on which the DPM is based.
  • Additional guidance for the COREP reporting of Own Funds modules under 2.3/2.3.1

Applicability

The remittance of reports for funding plans and supervisory benchmarking is to use the new taxonomy set (2.3.1), which is related to the March 2015 framework release. This is a slight incremental modification of the previously published 2.3 taxonomy, affecting only the funding plans and supervisory benchmarking reports. Therefore, the remittance of COREP, including additional liquidity monitoring metrics, FINREP, and asset encumbrance for reference dates of 30 June 2015 onwards will continue using the report structures as defined in the 2.3 taxonomy (which are also included in this 2.3.1 package). 
 

Background and legal basis

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics, supervisory benchmarking and funding plans. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.
 
Although the EBA XBRL taxonomy was primarily developed for data transmission between competent authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
 

Press contacts:

Franca Rosa Congiu

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

EBA issues amended technical standards on supervisory reporting for institutions

EBA issues amended technical standards on supervisory reporting for institutions

18 March 2015

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. 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&A, as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of June 2015.
 
To help users better understand the amendments, the EBA also published a version of the Annexes of this final ITS in track-changes.
 
In addition, validation rules, data point model (DPM) and XBRL taxonomies reflecting the amended templates – collectively known as ‘framework release 03/2015' – have also been published.
 

Legal basis

The EBA is required to develop ITS specifying supervisory reporting in the areas of own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics and supervisory benchmarking. These Technical Standards are adopted by the EU Commission in form of Implementing Regulations. The present publication comes as an update to the publication of Regulation (EU) No 680/2014.
 

Press contacts:

Franca Rosa Congiu

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

EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting as of 30 June 2015

EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting as of 30 June 2015

02 March 2015

The European Banking Authority (EBA) published today a new XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will have as reference date 30 June 2015 onwards and will be used for the first reports on additional liquidity monitoring metrics and supervisory benchmarking. The new taxonomy presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) which are contained in the ITS on supervisory reporting and in the EBA Guidelines on definitions and templates on funding plans.
 
The updated taxonomy incorporates corrections to the COREP, FINREP, asset encumbrance and funding plans reporting structures, as well as the new reporting structures for additional liquidity monitoring metrics and supervisory benchmarking.
 
The following documents have been published today: 
  • The set of XML files forming the XBRL taxonomy
  • A description of the architecture of the XBRL taxonomy
  • The DPM of which the taxonomy is a standardised technical implementation, including both database and document representations, along with a description of the formal modelling approach on which it is based.

Applicability

Reports with reference dates as of 30 June 2015 onwards are to use the new taxonomy set (2.3), which is related to the March 2015 framework release. Therefore, remittance of additional liquidity monitoring metrics and supervisory benchmarking reports to the EBA will have to be done using this taxonomy version.
 
The existing taxonomy set version (2.2) related to the July 2014 framework release is to be used for remittance to the EBA of reports with reference dates prior to 30 June 2015. 

Background and legal basis

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics, supervisory benchmarking and funding plans. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.
 
Although the EBA XBRL taxonomy was primarily developed for data transmission between competent authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
 

Press contacts:

Franca Rosa Congiu

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

EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 31 December 2014

EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 31 December 2014

18 August 2014

The European Banking Authority (EBA) published today a new XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will have as reference date 31 December 2014 onwards and will be used for the first reports on asset encumbrance and funding plans. The new taxonomy presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) which are contained in the ITS on supervisory reporting and in the EBA Guidelines on definitions and templates on funding plans.
 
The updated taxonomy incorporates corrections to the COREP, FINREP and asset encumbrance reporting structures so as to be more in line with the recently published ITS amendments, as well as the new reporting structures for funding plans.
 
The following documents have been published today: 
  • The set of XML files forming the XBRL taxonomy
  • A description of the architecture of the XBRL taxonomy
  • The DPM of which the taxonomy is a standardised technical implementation, including both database and document representations, along with a description of the formal modelling approach on which it is based.

Applicability

Reports with reference dates as of 31 December 2014 onwards are to use the new taxonomy set (2.2), which is related to the July 2014 framework release. Therefore, remittance of asset encumbrance and funding plan reports to the EBA will have to be done using this taxonomy version.
 
The existing taxonomy set version (2.0.1) related to the September 2013 framework release is to be used for remittance to the EBA of reports with reference dates prior to 30 September 2014.
 
Remittance of reports with reference dates between 30 September 2014 and 30 December 2014 are to use the existing taxonomy set version (2.1.0.1) related to the March 2014 framework release. Remittance of FINREP reports will start using the 2.1.0.1 taxonomy set.

Background and legal basis

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance and funding plans. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.
 
Although the EBA XBRL taxonomy was primarily developed for data transmission between competent authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
 
This XBRL taxonomy has been developed using the final draft Implementing Technical Standards (ITS) published on 30 July 2014. The draft ITS will amend the Commission's Implementing Regulation (EU) No 680/2014 on supervisory reporting under Regulation (EU) No 575/2013 of the European Parliament and the Council. These amendments are expected to be applicable for reporting as of December 2014.
 
The taxonomy is also based on the EBA Guidelines on harmonised definitions and templates for funding plans of credit institutions, 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

EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014

EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014

08 July 2014

The European Banking Authority (EBA) published today an XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. It presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) contained in the ITS on supervisory reporting, including the amendments relating to asset encumbrance, forbearance and non-performing exposures. The taxonomy proposed by the EBA will lead to greater efficiency in and convergence of supervisory practices across Members States. The reference date is as of 30 September 2014 onwards and it includes the first reports under FINREP.

The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios and asset encumbrance. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data formats are necessary to enable comparable data on credit institutions and investment firms across the EU.

Although the EBA XBRL taxonomy was primarily developed for data transmission between competent authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the credit institutions and investment firms they supervise. In this respect, the taxonomy proposed by the EBA will lead to greater efficiency in and convergence of supervisory practices across Members States. In addition, it will facilitate the supervisory process, allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.

The updated taxonomy issued today incorporates corrections to the COREP and FINREP reporting structures so as to be better in line with the published ITS, and new reporting structures for asset encumbrance. It includes the following technical documents:

  • The set of XML files forming the XBRL taxonomy
  • A description of the architecture of the XBRL taxonomy
  • The DPM of which the taxonomy is a standardised technical implementation, including both database and document representations, along with a description of the formal modelling approach on which it is based.

Date of applicability

The existing taxonomy (2.0.1) related to the September 2013 framework release is to be used for remittance to the EBA for reports with reference dates prior to 30 September 2014. Reports with reference dates as of 30 September 2014 and beyond are to use this revised taxonomy (2.1), which is related to the March 2014 framework release. Remittance of FINREP reports will, therefore, commence using this revised taxonomy.

Legal basis and next steps

This XBRL taxonomy has been developed based on the final draft ITS on supervisory reporting including amendments regarding asset encumbrance, forbearance and non-performing exposures (and incorporating some revisions arising from the publication and adoption process of the Commission Implementing Regulation (EU) No 680/2014) and 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 (Capital Requirements Regulation -  CRR).

While the original ITS were adopted by the European Commission and published in the Official Journal of the European Union on 28 June 2014, the ITS amendments regarding asset encumbrance, forbearance and non-performing exposures are pending adoption and publication. Hence, this taxonomy is subject to further necessary revisions following the publication and adoption process and based on any critical technical corrections that may be identified.

Later this year, the EBA expects to publish a further revision of its XBRL taxonomy incorporating further alignment corrections, and additional reporting requirements regarding funding plans, which is expected to be used for reports with reference dates as of 31 December 2014 and beyond.

Press contacts:

Franca Rosa Congiu

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

EBA publishes XBRL taxonomy for remittance of supervisory reporting by competent regulatory authorities

EBA publishes XBRL taxonomy for remittance of supervisory reporting by competent regulatory authorities

02 December 2013

The European Banking Authority (EBA) published today its XBRL taxonomy to be used for remittance of data under the Implementing Technical Standards (ITS) on supervisory reporting.  The taxonomy defines a representation for data collection under the reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio and liquidity ratios. It presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model contained in the ITS on supervisory reporting.

Uniform data formats are necessary to enable the exchange of reported data regarding groups of credit institutions and investment firms, as part of the operation 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. In this respect, this taxonomy will lead to greater efficiency in and convergence of supervisory practices across Members States, facilitating the supervisory process and allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.

Although primarily developed for use in data transmission between competent authorities and the EBA, many authorities are known to intend to use the proposed XBRL taxonomy for the collection of supervisory reporting from the credit institutions and investment firms they supervise. Where so used by competent authorities, this harmonised reporting format is therefore expected to lead to greater efficiency and lower costs of regulatory compliance for credit institutions and investment firms in Europe.

The taxonomy package released today includes the following technical documents:

  • The set of XML files forming the XBRL taxonomy
  • A description of the architecture of the XBRL taxonomy
  • Filing rules specifying requirements and guidelines for creating instance files (reports) that use the taxonomy
  • Sample reports for illustrative purposes
  • The Data Point Model of which the taxonomy is a standardised technical implementation (for reference), including both database and document representations, along with a description of the formal modelling approach on which it is based.

Legal basis and next steps

This XBRL taxonomy has been developed based on the final draft ITS and DPM on supervisory reporting (and incorporating some revisions arising from the publication and adoption process, see below), 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 ITS and DPM are pending publication in the Official Journal of the European Union,  and adoption as EU Regulations that will be directly applicable throughout the EU, and hence this taxonomy is subject to any further necessary revisions to these source materials arising during this publication and adoption process and/or any critical technical corrections that may be identified.

In the first half of 2014, the EBA is expected to publish an update to this taxonomy incorporating 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