Final draft adopted by the EBA and submitted to the European Commission
The proposed changes to the Implementing Technical Standards (ITS) amending Regulation (EU) No 2021/451 on Supervisory Reporting aim at implementing new reporting on Interest Rate Risk in the Banking Book (IRRBB) built on the policy work the EBA completed in October 2022.
The European Banking Authority (EBA) launched today a public consultation on its draft Implementing Technical Standards (ITS) on supervisory reporting with respect to IRRBB. Proportionality is a key consideration in the proposed new reporting, in order to make reporting requirements better suited to the size and risk of the institutions. The consultation runs until 2 May 2023.
These draft amending ITS aim at providing quality data to supervisors to monitor institutions’ IRBB risk and the implementation of the policy package published by the EBA in October 2022. The reporting package under consultation is particularly relevant in the current environment of high inflation combined with growing interest rates. Proportionality has been a key consideration when developing this package, building on the evidence and recommendations drawn from the EBA Cost of Compliance study. In this regard, the consultation paper includes simplified templates for the reporting by small and non-complex institutions (SNCIs) and asks for specific feedback on proportionality for medium institutions.
Comments to this 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 2 May 2023. All contributions received will be published following the end of the consultation, unless requested otherwise.
A public hearing will be organised in the form of a webinar on 15 March 2023 from 14:00 to 16:00 CET. The EBA invites interested stakeholders to register using this link by 13 March at 16:00 CET.
The dial-in details will be communicated in due course
These draft ITS have been developed in accordance with Article 430(7) of Regulation (EU) No 575/2013, which mandates the EBA to develop uniform formats, definitions, frequencies and reference and remittance dates and IT solutions. These draft ITS has also follow up on the policy work on IRRBB that the EBA completed in October 2022.
The EBA expects to submit these draft ITS to the European Commission in mid 2023. The expected application of the revised requirements is for 30 June 2024 reporting reference date.
The European Banking Authority (EBA) today published its Decision to run an ad-hoc data collection of institutions’ IRRBB data. This data collection will provide competent authorities and the EBA with timely and necessary data and tools to monitor risks arising from interest rate changes and the implementation of the IRRBB scrutiny plan. The ad-hoc collection follows a proportionate approach, as it will apply only to those institutions that are already providing IRRBB data in the context of the QIS exercise and include the same templates that these institutions will have to report once the final ITS on IRRBB reporting starts applying.
The Decision EBA/DC/498 has been developed in accordance with the EBA tasks set out in Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority, in particular Article 29(1) letter (f), Article 32 and Article 35 thereof and amending Decision EBA/DC/2020/335 of 5 June 2020 on the European Centralised Infrastructure of Data.
The submission reference date for this ad-hoc collection is set as of 31 December 2023. Competent authorities will need to submit institutions’ data to the EBA by March 2024.
The technical package supporting the collection of this IRRBB ad-hoc collection will be made available to the public on EBA website by mid-October 2023, as part of reporting framework 3.3.
The European Banking Authority (EBA) today published today its final ITS on supervisory reporting with respect to IRRBB. The amended final draft ITS equip supervisors with the appropriate data to monitor risks arising from interest rates’ changes. In addition, they aim at providing quality data to supervisors to monitor institutions’ IRBB risk and the implementation of the policy package published by the EBA in October 2022.
The revised reporting package is particularly relevant in the current environment of high inflation combined with growing interest rates. Proportionality has been a key consideration when developing this package, building on the evidence and recommendations drawn from the EBA Cost of Compliance study. In this regard, the ITS include simplified templates for the reporting by SNCIs and for ‘other’ institutions.
Finally, the content of these ITS has been streamlined and simplified to fit the purpose of the underlying regulation as a result of the feedback received during the public consultation.
These draft ITS have been developed in accordance with Article 430(7) of Regulation (EU) No 575/2013, which mandates the EBA to develop uniform formats, definitions, frequencies and reference and remittance dates and IT solutions. These final draft ITS also follow up on the policy work on IRRBB that the EBA completed in October 2022.
The first reference date for the application of these technical standards is 30 September 2024. The final draft ITS are part of the 3.4 reporting framework release, and the technical package will be published by mid-October 2023.
The templates and instructions of these final draft ITS will be used in an advanced data collection for a sample of selected institutions, to equip supervisors in the monitoring of IRRBB risks in the current rate environment in a timely manner.
The European Banking Authority (EBA) launched today a public consultation on its draft Implementing Technical Standards (ITS) on supervisory reporting with respect to IRRBB. Proportionality is a key consideration in the proposed new reporting, in order to make reporting requirements better suited to the size and risk of the institutions. The consultation runs until 2 May 2023.
These draft amending ITS aim at providing quality data to supervisors to monitor institutions’ IRBB risk and the implementation of the policy package published by the EBA in October 2022. The reporting package under consultation is particularly relevant in the current environment of high inflation combined with growing interest rates. Proportionality has been a key consideration when developing this package, building on the evidence and recommendations drawn from the EBA Cost of Compliance study. In this regard, the consultation paper includes simplified templates for the reporting by small and non-complex institutions (SNCIs) and asks for specific feedback on proportionality for medium institutions.
Comments to this 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 2 May 2023. All contributions received will be published following the end of the consultation, unless requested otherwise.
A public hearing will be organised in the form of a webinar on 15 March 2023 from 14:00 to 16:00 CET. The EBA invites interested stakeholders to register using this link by 13 March at 16:00 CET.
The dial-in details will be communicated in due course
These draft ITS have been developed in accordance with Article 430(7) of Regulation (EU) No 575/2013, which mandates the EBA to develop uniform formats, definitions, frequencies and reference and remittance dates and IT solutions. These draft ITS has also follow up on the policy work on IRRBB that the EBA completed in October 2022.
The EBA expects to submit these draft ITS to the European Commission in mid 2023. The expected application of the revised requirements is for 30 June 2024 reporting reference date.