EBA Issues Erratum for Technical Package on Reporting Framework 3.0
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0. The corrections are mainly on the taxonomy files in the COREP Net Stable Funding Ratio (NSFR) module and COREP Leverage Ratio (LR) module where EBA has addressed the issue of non-reportable data points on columns 0020 and 0030 of tables C 84. EBA has also amended a member code for “Cash pooling arrangements” in C 47. In this context, EBA has updated certain documents in the Data Point Model (DPM) version 3.0 and the taxonomy package 3.0. The parallel changes on minimum requirement for own funds and eligible liabilities (MREL) and total loss-absorbing capacity (TLAC) reporting framework for the 3.0 Data Point Model (DPM) cycle are also expected to be published this month, in January 2021.
EBA reporting framework 3.0 comprises amendments linked to the revised Capital Requirements Directive and Regulations (CRR2 and CRD5), the revised Bank Resolution and Recovery Directive (BRRD2), and the Investment Firms Regulation (IFR). This version of the reporting framework is expected to apply from June 30, 2021. The main changes compared to the previous version of the EBA reporting framework relate to the following:
- New implementing technical standards on supervisory reporting replacing Regulation (EU) No 680/2014, including new reporting requirements and changes to the reporting on own funds (including backstop for non-performing exposures), credit risk and counterparty credit risk, large exposures, leverage ratio, net stable funding ratio, FINREP, and global systemically important institution (G-SII) indicators
- New implementing technical standards on disclosure and reporting of MREL and TLAC
Related Links
Keywords: Europe, EU, Banking, Reporting, COREP, Basel, Reporting Framework 3.0, Taxonomy, DPM, MREL, TLAC
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
CBM Amends Directive on Loan Moratoria Amid PandemicRelated Articles
BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
EBA Seeks Views on Proportionality Assessment Methodology
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
US Agencies Propose Changes to Call Reports and Instructions
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
PRA Finalizes Rulebook Definition of Higher Paid Material Risk-Taker
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
EBA Examines Asset Encumbrance in Banking Sector
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
EBA Publishes Methodological Guide to Mystery Shopping
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
APRA Issues Update on Capital Reform Policy Settings for Banks
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
CPMI-IOSCO Assess Continuity Planning of Market Infrastructures
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
BoE Announces Changes to Validation Rules for Form BTL
The Bank of England (BoE) published questions and answers (Q&A) on OSCA to BEEDS migration for statistical reporting as well a presentation from the project overview session held with statistical reporters.
BCBS Proposes Changes to Process for Reviewing G-SIB Methodology
The Basel Committee on Banking Supervision (BCBS) is consulting on a technical amendment to the Basel Framework to reflect a new process reviewing the global systemically important bank (G-SIB) assessment methodology.
