The EBA issues revised list of ITS validation rules

The European Banking Authority (EBA) issued today an updated list of validation rules under its Implementing Technical Standards (ITS) on supervisory reporting. The revised package identifies rules that (i) have been deactivated due to inaccuracies or IT-related issues, (ii) have been reactivated, or (iii) have undergone a severity status change.

Competent Authorities across the EU are reminded that data submitted in accordance with these ITS should not be formally validated against any rules that have been deactivated.

In addition, the EBA has released a small validation rules package, which includes:

• a micro taxonomy package and
• Data Point Model (DPM) validation rules updates scripts.

These components are required from release 4.0 onwards for each validation rules updates exercise. They ensure consistent amendments to the rules in both the taxonomy and the DPM. With the introduction of DPM 2.0 from release 4.0 onwards, validation rules are now embedded directly into both the taxonomy and DPM. This integration enhances consistency in implementation by reporting institutions, improves traceability of changes, and contributes to a more efficient and harmonised supervisory reporting process.