EBA releases phase 1 of its 3.2 reporting framework and updates on validation rules
The European Banking Authority (EBA) published today phase 1 of its 3.2 reporting framework. The technical package supports the implementation of the reporting framework by providing standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for version 3.2. The phase 2 and 3 of the same framework will be published in Q2 and Q3 of this year. The EBA also published today a revised list of validation rules for the reporting frameworks currently in use.
Phase 1 of the technical package covers the new reporting requirements that include the amendments to the following supervisory reporting frameworks: common reporting (COREP) on own funds, additional liquidity monitoring metrics (ALMM), net stable funding ratio (NSFR), asset encumbrance, global systemically important institutions (G-SII) reporting and Investment Firms). The new reporting requirements are expected apply from December 2022. The technical package for Supervisory Benchmarking and Remunerations will be published respectively in phase 2 and 3.
The EBA also published today an updated package of validation rules that reflects the changes to the reporting framework currently in use. This package highlights the validation rules that have been deactivated or the updated severity status.
Franca Rosa Congiu