EBA acknowledged the adoption, by EC, of an Implementing Act with regard to the common reporting (COREP) and financial reporting (FINREP) changes, in accordance with the Capital Requirements Regulation or CRR. Under the framework version 2.9, the amendments to the reporting framework will apply with different reference dates due to different application dates of the underlying regulatory requirements. The first reference date concerning COREP changes will be March 31, 2020, as part of the reporting framework version 2.9.
The COREP amendments concern the new securitization framework and changes to the liquidity coverage ratio (LCR) to align with the LCR amending Act. The FINREP amendments concern the following:
- Reporting requirements on nonperforming exposures and forbearance to allow the monitoring of nonperforming exposure strategies of reporting institutions
- Reporting requirements on profit and loss items
- Implementation of the new International Financial Reporting Standard on Leases (IFRS 16)
The adopted Implementing Act amends the implementing technical standards on supervisory reporting (Regulation No 680/2014) and is based on the final draft implementing standards on supervisory reporting that EBA submitted in July 2019 and EC adopted on February 14, 2020. However, the publication of these final draft standards in the Official Journal of the European Union is still pending.
Keywords: Europe, EU, Banking, FINREP, COREP, CRR, Reporting Framework 2.9, Reporting, LCR, Implementing Technical Standards, IFRS 16, NPLs, EBA
Previous ArticleBoE Paper Examines Blockchain Structure and Cryptocurrency Prices
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.