Adopted and published on the Official Journal
Following the Commission’s adoption on 10 October 2014 of a Delegated Act amending the definition of the LR in the Capital Requirements Regulation, the EBA now has developed amendments to the current ITS on reporting. The proposed amendments to the LR reporting instructions and templates are, however, limited and mainly reflect an alignment with the standard on LR published by the Basel Committee on Banking Supervision (BCBS).
The European Banking Authority (EBA) published today its updated Implementing Technical Standards (ITS) on disclosure and supervisory reporting of leverage ratio for EU institutions. The ITS include changes to templates and instructions to update the leverage ratio disclosure and reporting framework following the Commission's adoption of the Delegated Act on the Leverage Ratio on 10 October 2014. As part of the EU Single Rulebook in the banking sector, these standards aim at harmonising reporting and disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions.
The EBA final draft ITS on leverage ratio disclosure issued today include all items relevant for leverage ratio disclosure. The disclosure framework set out in the ITS consists of four templates: a table reconciling the figures of the leverage ratio denominator with those reported under the relevant accounting standards; a table providing, a breakdown of the leverage ratio denominator by exposure category; a table providing a further breakdown of the leverage ratio denominator by group of counterparty; and a table with qualitative information on leverage risk. Compared to the version submitted by the EBA to the EU Commission on 5 June 2014, the version published today has been slightly updated to reflect the changes introduced by the Commission's Delegated Act on the leverage ratio while ensuring consistency with the reporting templates.
In the same vein, the review of the existing reporting templates structure has been made in line with the new requirements in the Delegated Act . The amendments will, on aggregate, lead to a reduction in size, with as a result a lower number of cells. Validation rules, data point model (DPM) and XBRL taxonomies reflecting the amended templates are being finalised and will be published at a later stage.
The draft ITS will become applicable as of the day following their publication in the Official Journal of the European Union.
The present publication is a second submission of the final draft ITS on disclosure and supervisory reporting of leverage ratio for EU institutions, in accordance with Article 451(2) of the CRR following the European Commission's Delegated Regulation (EU) 2015/62 of 10 October 2014 amending Regulation (EU) No 575/2013 of the European parliament and of the Council with regard to the leverage ratio (Delegated Act on the Leverage Ratio).
The first edition of the ITS on disclosure of the leverage ratio was published by the EBA on 5 June 2014. In view of the empowerment of the Commission to amend the capital measure and total exposure measure of the leverage ratio (i.e. resulting in Delegated Regulation (EU) 2015/62), the Commission has not adopted this ITS.
The European Banking Authority (EBA) published today its updated Implementing Technical Standards (ITS) on supervisory reporting of leverage ratio for EU institutions. The ITS include changes to templates and instructions to update the leverage ratio reporting framework following the Commission's adoption of the Delegated Act on the Leverage Ratio on 10 October 2014. As part of the EU Single Rulebook in the banking sector, these standards aim at harmonising reporting of the leverage ratio across the EU by providing institutions with uniform templates and instructions.
The review of the existing reporting templates structure has been made in line with the new requirements in the Commission's Delegated Act on the leverage ratio. The amendments will, on aggregate, lead to a reduction in size, with as a result a lower number of cells. Validation rules, data point model (DPM) and XBRL taxonomies reflecting the amended templates are being finalised and will be published at a later stage.
The draft ITS will become applicable as of the day following their publication in the Official Journal of the European Union.
Legal basis
The present publication is a second submission of the final draft ITS on supervisory reporting of leverage ratio for EU institutions, in accordance with Article 451(2) of the CRR following the European Commission's Delegated Regulation (EU) 2015/62 of 10 October 2014 amending Regulation (EU) No 575/2013 of the European parliament and of the Council with regard to the leverage ratio (Delegated Act on the Leverage Ratio).
Proposed amendments to the LR reporting
Following the Commission’s adoption on 10 October 2014 of a Delegated Act amending the definition of the LR in the Capital Requirements Regulation, the EBA now has developed amendments to the current ITS on reporting. The proposed amendments to the LR reporting instructions and templates are, however, limited and mainly reflect an alignment with the standard on LR published by the Basel Committee on Banking Supervision (BCBS).
Implementation timeline
In terms of implementation for the amended LR reporting, the EBA is proposing to have the first reference date six months from the adoption of the updated ITS, with the restriction that the resulting reference date would be no earlier than December 2015.
Consultation process
Comments to the consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 27 January 2015.
The public hearing for the ITS will take place at the EBA premises on 15 January 2015 from 14.00 to 17.00 UK time. All contributions received will be published following the close of the consultation, unless requested otherwise.
Legal basis
These draft ITS have been developed to adequately reflect at the reporting level the single rulebook, which will be to a great extent updated as a result of the Commission’s LR Delegated Act.