EBA published the phase 2 of the reporting framework 3.0. The technical package for this reporting framework includes the validation rules, the Data Point Model (DPM), and the XBRL taxonomy. The package covers reporting requirements on minimum requirement for own funds and eligible liabilities (MREL) and total loss-absorbing capacity (TLAC), MREL decisions, and notifications on the impracticability of contractual recognition of bail-in. This release also offers error corrections to the previous releases with respect to the topics of remuneration (High earners and benchmarking Report), global systemically important institution (G-SII) indicators, and asset encumbrance. To facilitate navigation through the data dictionary, EBA has updated the DPM Query Tool to reflect the information in the current release.
The EBA reporting framework 3.0 comprises amendments linked to the revised Capital Requirements Directive and Regulation (CRD5 and CRR2), 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 the Regulation 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 G-SII indicators
- New implementing technical standards on disclosure and reporting of MREL and TLAC
- Press Release
- Validation Rules (XLSX)
- Taxonomy Files and Other Information (ZIP)
- DPM Query Tool (ZIP)
- Reporting Framework 3.0
Keywords: Europe, EU, Banking, Basel, Reporting, Reporting Framework 3.0, COREP, FINREP, CRR2, MREL, TLAC, IFR, Investment Firms, EBA
Previous ArticleFI Report Outlines Work on Sustainability Issues in Financial Sector
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.
The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.