Adopted and published on the Official Journal
The proposed changes to the Implementing Technical Standards (ITS) amending Regulation (EU) No 680/2014 on Supervisory Reporting aim at updating the LCR reporting with the European Commission’s draft Delegated Act amending the Commission Delegated Regulation with regard to the Liquidity Coverage Requirement (‘LCR’) for credit institutions.
The European Banking Authority (EBA) published today its updated calculation tool of the liquidity coverage ratio (LCR) with the aim to provide additional support for reporting institutions. This excel-based tool takes into account the amendments in the liquidity coverage requirement introduced by Commission Delegated Regulation (EU) 2018/1620 that applies from 30 April 2020. This tool is provided for information purposes only and has no legal value.
The LCR calculation tool is based on the revised LCR reporting templates of the framework release v 2.9 applicable from April 2020.
The European Banking Authority (EBA) published today amendments to the Implementing Technical Standards (ITS) on supervisory reporting. The updated corresponding Data Point Model (DPM) and XBRL taxonomy include amendments to COREP and Liquidity, as well as to resolution planning reporting. This package forms part of the EBA reporting framework version 2.9, which will be applicable for first submissions of data as of December 2019 (Resolution), March 2020 (COREP) and April 2020 (Liquidity).
These final draft ITS amending the European Commission's Implementing Regulation (EU) No 680/2014 on supervisory reporting aim to keep reporting requirements in line with changes in the regulatory framework and with the evolving needs for Supervisory Authorities' risk assessments. This first set of updated ITS include:
These final draft ITS will submitted to the European Commission for adoption together with the final draft ITS on FINREP changes, (launched for consultation on 28 August 2018) which is expected for early Q3 2019.
The documents covering modules on COREP, Liquidity and resolution planning published today include the following:
The EBA has cooperated closely with the SRB with regard to the reporting on resolution planning. This release of the DPM, validation rules and taxonomy includes, for practical reasons, additional information required by the SRB beyond the minimum framework established in the EBA ITS on resolution reporting requirements, namely new information on critical functions and financial market infrastructures as well as amendments to the liabilities data reporting. The SRB's additional requirements are under the SRB's responsibility and any question related to it should be addressed directly to them. Please click here for more information.
The first reporting reference date will be 31 March 2020 for COREP changes, 30 April 2020 for changes regarding liquidity (LCR and ALMM) and 31 December 2019 for resolution planning.
The EBA is required to develop ITS specifying supervisory reporting in the areas of own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios, asset encumbrance, additional liquidity monitoring metrics, supervisory benchmarking and resolution planning. These ITS are adopted by the EU Commission in the form of Implementing Regulations. The present publication comes as an update to the Regulation (EU) No 680/2014.
The taxonomy defines a representation for data collection under the reporting requirements as defined by EBA technical standards and guidelines. As part of enhancing regulatory harmonisation in the EU banking sector and facilitating cross-border supervision, uniform data definitions and formats are necessary to enable comparable data on credit institutions and investment firms across the EU. Although the EBA XBRL taxonomy was primarily developed for data transmission between Competent Authorities and the EBA, many authorities have been using it for the collection of supervisory reporting from the institutions they supervise. In this respect, the EBA taxonomy will lead to greater efficiency and convergence of reporting and the usage of a common data dictionary will enhance the supervisory practices across Members States.
The European Banking Authority (EBA) launched today a consultation on the new draft version of Data Point Model (DPM) 2.9. The new release is an exposure draft of the new data requirements proposed in the ongoing public consultations on amendments to the Implementing Technical Standards (ITS) on supervisory reporting on COREP LCR, COREP securitisation & FINREP-NPE&FB, P&L and IFRS16. The final DPM 2.9 version will be updated together with the ITS on supervisory reporting to include the feedback received from the public consultations. The consultation runs until 7 December 2018.
Comments 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 7 December 2018.
All contributions received will be published following the close of the consultation, unless requested otherwise.
Uniform data formats are necessary to enable the exchange of reported data regarding credit institutions and investment firms, as part of the operation 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. In this respect, a common data dictionary will lead to greater efficiency in and convergence of supervisory practices across Members States, facilitating the supervisory process and allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.