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    EBA Acknowledges Adoption of Amended FINREP Standards by EC

    July 05, 2017

    EBA acknowledged the adoption by the EC of the implementing technical standards on supervisory reporting (Implementing Act amending Regulation (EU) No 680/2014) with regard to financial reporting (FINREP). This follows the changes in the International Accounting Standards, including IFRS 9.

    EC adopted this Implementing Act, which is based on the final draft implementing technical standards on supervisory reporting submitted by the EBA in November 2016, on June 29, 2017 and its publication in the Official Journal of the European Union is still pending. The amended requirements will apply as of March 01, 2018 (reporting framework v2.7). The related documents published on EBA's website have been updated to reflect the adoption of the Implementing Act

     

    Related Links

    Reporting Framework 2.7

    Implementing Standards on Changes to FINREP Due to IFRS 9

    Text Adopted by EC (PDF)

    Keywords: EBA, Europe, IFRS 9, Accounting, Banking, FINREP, EC, Supervisory Reporting

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