Implementing Technical Standards on Supervisory Reporting

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).

Documents

Last updated on 21/10/2013

Links

Press Release

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.

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.

Consultation Papers

Consultation on the Data Point Model related to the Technical Standards on Supervisory Reporting Requirements for Liquidity Coverage and Stable Funding (EBA/CP/2013/04)

Summary 18/03/2013

The EBA published today a draft Data Point Model (DPM) based on its draft Implementing Technical Standards (ITS) on Supervisory Reporting Requirements for Liquidity Coverage and Stable Funding (Consultation paper EBA/CP/2012/05 published on 7 June 2012). Interested parties are invited to provide comments on the DPM by 13 May 2013.

In order to assist a uniform implementation of the ITS on supervisory reporting requirements for institutions, the data items included in the consultation EBA/CP/2012/05 have been translated into a DPM. This also includes the updates to the templates and instructions as published on 20 December 2012. 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 EBA has developed these draft ITS and the DPM based on the proposed CRR/CRDIV legislation. When finalising the draft ITS, the DPM will be adapted to reflect the final CRR/CRDIV text as well as the feedback received.

Consultation process

EBA invites comments on the attached documentation of the DPM, and in particular on what regards the semantic content of the DPM, i.e. the proposed categorisation of the data points/template cells, which should adequately and unequivocally reflect the meaning of the business concepts found on the underlying regulations and templates.

Comments regarding matters put forward in consultation EBA/CP/2012/05 will not be processed here.

Please send your comments to the EBA by e-mail to EBA-CP-2013-03@eba.europa.eu by 13.05.2013, indicating the reference ‘EBA/CP/2013/04’.

Responses

Consultation on the Data Point Model related to the Technical Standards on Supervisory Reporting Requirements for Leverage Ratio (EBA/CP/2013/03)

Summary 18/03/2013

The EBA published today a draft Data Point Model (DPM) based on its draft Implementing Technical Standards (ITS) on Supervisory Reporting Requirements for Leverage Ratio. Interested parties are invited to provide comments on the DPM by 13 May 2013.

In order to assist a uniform implementation of the ITS on supervisory reporting requirements for institutions, the data items included in the consultation EBA/CP/2012/06 have been translated into a DPM. This also includes the updates to the templates and instructions as published on 20 December 2012. 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 EBA has developed these draft ITS and the DPM based on the proposed CRR/CRDIV legislation. When finalising the draft ITS, the DPM will be adapted to reflect the final CRR/CRDIV text as well as the feedback received.

Consultation process

Responses

Consultation paper on draft Implementing Technical Standards on supervisory reporting requirements for liquidity coverage and stable funding (EBA/CP/2012/05)

Summary 07/06/2012

The European Banking Authority (EBA) launched today a consultation on Draft Implementing Technical Standards (ITS) on supervisory reporting requirements for liquidity coverage and stable funding. These ITS, which will be part of the EU single rulebook, intend to specify the main features (formats, frequencies, IT solutions) of prudential reporting to be applied by financial institutions in Europe. The consultation runs until 27 August 2012.

These ITS will become part of the general supervisory reporting framework. In this respect, they are an addition to the draft ITS text proposed in the Consultation Paper on supervisory reporting for institutions (CP50) published on 20 December 2011 and need to be read in conjunction with them.

Main features of the ITS

These ITS aim at providing national authorities with harmonized information on their liquid assets, inflows and outflows and their stable sources of funding using uniform reporting formats developed by the EBA.
Against this background, this consultation paper puts forward proposals regarding the reporting requirements for both liquidity coverage and stable funding. The purpose of this monitoring is two-fold: (i) to inform the economic impact assessment of the liquidity requirements the EBA is asked to perform during the monitoring period, and (ii) to enable competent authorities to monitor institutions’ compliance with the liquidity requirements once they have been introduced as binding minimum standards.

The scope and level of application of these ITS are in line with the Capital Requirements Regulation (CRR) text. The latter provides for the liquidity coverage reporting to be done at least monthly and the stable funding reporting at least quarterly.
These ITS have been developed on the basis of the templates for liquidity reporting used by the EBA in compiling the Basel III monitoring exercise as well as on the COREP and FINREP guidelines. They also build on voluntary reporting exercises conducted predominantly by larger institutions.

Next steps

These draft ITS have been developed on the basis of the European Commission’s legislative proposals for the CRR/CRD IV. Following the end of the consultation period, and to the extent that the final text of the CRR changes before the adoption of the ITS, the EBA will adapt its draft ITS accordingly to reflect any developments.

The CRR also mandates the EBA to develop additional liquidity monitoring metrics to provide competent authorities with a comprehensive view of institutions’ liquidity risk profiles. The EBA is currently working on these metrics and will launch a public consultation in due course, depending on the timeline that will be adopted in the CRR.

As stated above, the information collected under these ITS will be used to inform the EBA’s impact assessment on the introduction of the liquidity requirements. The EBA will disclose the methodology it intends to use for this assessment later this year.

A separate consultation on a data point model containing all the relevant technical specifications necessary for developing an IT reporting format will be published in the second half of 2012.

Based on the CRR proposals and these ITS, institutions are required to comply with the new reporting requirements as of 1 January 2013. In the current timeline for the implementation of the CRR/CRD IV, the first regular reporting period is expected to be January 2013.

Responses

Consultation on Guidelines on draft Implementing Technical Standards (ITS) on Supervisory Reporting (Leverage ratio) (EBA/CP/2012/06)

Summary 07/06/2012

The European Banking Authority (EBA) launched today a consultation on Draft Implementing Technical Standards (ITS) on Supervisory reporting requirements for leverage ratio. These ITS, which will be part of the EU single rulebook, intend to specify the main features (formats, frequencies, IT solutions) of prudential reporting to be applied by financial institutions in Europe. The consultation runs until 27 August 2012.

The reporting of the data will allow for a comparison of the leverage ratio measure and its components across European financial institutions. In addition, it will serve for the future assessment and calibration of the leverage ratio on which the EBA shall report to the European Commission.

Main features of these ITS

These ITS aim at providing national authorities with harmonized information on the leverage ratio and its components using uniform reporting formats developed by the EBA.

The proposals put forward in this consultation will serve at least two purposes. Firstly, the leverage ratio will be part of the supervisory review by national authorities in order to assess the risk of excessive leverage in its institutions. Secondly, the reporting will give the EBA the ability to quantitatively assess the impact and effectiveness of the leverage ratio, on which the EBA is required to produce a report by 2016. Furthermore, these ITS will allow the EBA to assess any potential calibration of the leverage ratio if needed.
To take into account that the leverage ratio should apply to institutions, which differ in size, nature and complexity, it has been deemed necessary to apply the requirements for more detailed reporting of the components of the leverage ratio in a proportionate manner.
The scope and level of application of these ITS are in line with the Capital Requirements Regulation (CRR) text. The reporting frequency is therefore proposed to be on a quarterly basis, in order to be aligned with the proposed CRR requirements for calculation of the leverage ratio.
These ITS have been developed based on the template used for the Quantitative Impact Study (QIS) by the Basel Committee on Banking Supervision (BCBS) and on the COREP and FINREP guidelines. Furthermore, the proposed reporting is, as far as possible, based on existing accounting and prudential measures already used for determining own funds and minimum funds requirements.

Next steps

A separate consultation on a data point model containing all the relevant technical specifications necessary for developing an IT reporting format will be published in the second half of 2012.

Responses

Consultation on data point model related to Implementing Technical Standards (ITS) on supervisory reporting (DPM)

Summary 25/05/2012

The EBA published today a draft Data Point Model (DPM) based on its draft Implementing Technical Standards (ITS) on supervisory reporting requirements for institutions (Consultation papers CP 50 published on 20 December 2011 and CP 51 published on 13 February 2012). Interest parties are invited to provide comments on the DPM by 11 June 2012.

In order to assist a uniform implementation of the ITS on supervisory reporting requirements for institutions, the data items included in CP 50 and CP 51 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 EBA has developed these draft ITS and the DPM based on the proposed legislative texts for the CRR (as published by the European Commission in July 2011). When finalising the draft ITS, the DPM will be adapted to reflect the final CRR text as well as the feedback received via CP 50 and CP 51.

The final ITS documentation (including the DPM) is planned to be published in July 2012. Please note that the publication depends on the prior finalization of CRD IV/CRR package which provides the legal basis and mandate for the EBA to develop ITS on supervisory reporting.

Invitation to provide comments

EBA invites comments on the attached documentation of the DPM, and in particular on what regards the semantic content of the DPM, i.e. the proposed categorisation of the data points/template cells, which should adequately and unequivocally reflect the meaning of the business concepts found on the underlying regulations and templates.

Please send your comments to the EBA by e-mail to CP50@eba.europa.eu by 11.06.2012, indicating the reference ‘DPM’ on the subject field.

EBA consultation paper on draft ITS on reporting of large exposures (CP51)

Summary 13/02/2012

The consultation is open to all interested parties, including supervised institutions and other market participants. All contributions received will be published on the EBA’s website unless respondents request otherwise. Please send your comments to the following e-mail address: CP51@eba.europa.eu by 26 March 2012.

Responses

EBA consultation paper on draft ITS on supervisory reporting requirements (CP50)

Summary 20/12/2011

The EBA published today a consultation paper on draft Implementing Technical Standards (ITS) on supervisory reporting requirements for institutions (CP50). The public consultation starts today and runs until 20 March 2012.