EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.9
EBA published phase 2 of its technical package on the reporting framework 2.9, which includes validation rules, Data Point Model (DPM) data dictionary, and XBRL taxonomies. The 2.9 “Phase 2” release covers changes in FINREP and Supervisory Benchmarking Portfolios frameworks, in addition to some hotfixes for COREP and resolution frameworks in “Phase 1” release. The update reflects the amendments to the implementing technical standards on supervisory reporting related to FINREP and on benchmarking of internal approaches, both of which were published on July 16, 2019.
EBA intends to publish an update to the 2.9 taxonomy in January, to add and correct validation rules. The aim would be to enhance data quality, taking into account both feedback on the 2.9 taxonomy, but also crucially practical reporting experience from the 2.9 release. Only elements of 2.9 that have not yet come into use in January would be affected (that is, excluding Resolution or Benchmarking). This change is not intended to impact any structural elements of the reporting, but only the validation rules—that is, the changes would be “instance compatible.” The amendments to the reporting framework 2.9 will apply from different reference dates due to different application dates of the underlying regulatory requirements.
Related Links
Keywords: Europe, EU, Banking, Reporting, Framework 2.9, Supervisory Benchmarking, FINREP, COREP, Resolution Framework, Validation Rules, DPM 2.9, Taxonomy, EBA
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
APRA Publishes Details on Committed Liquidity Facility for LCR BanksRelated Articles
EBA Examines Supervisory Practices, Issues Deposits Reporting Template
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
EC Mandates ESAs to Propose Amendments to SFDR Technical Standards
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
US Agency Publications Address Basel, Reporting, and CECL Developments
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
SEC Extends Comment Period on Climate Risk Disclosures
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
APRA Reduces Committed Liquidity Facility, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
EIOPA Responds to Stakeholder Views on Blockchain in Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.
HKMA Announces Decisions on CCyB and Loan Guarantee Scheme
The Hong Kong Monetary Authority (HKMA) announced that the applicable jurisdictional countercyclical capital buffer (CCyB) ratio for Hong Kong remains unchanged at 1.0%
CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
PRA Issues Statement on NPEs and Policy on Trading Activity Wind-Down
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.