EBA acknowledged the adoption by the EC of the Implementing Act amending Regulation (EU) No 680/2014 on implementing technical standards on supervisory reporting. This is with regard to amendments to COREP and Additional Monitoring Metrics for liquidity as well as other amendments. EC adopted this Implementing Act on November 09, 2017.
The Implementing Act is based on the final draft implementing technical standards on supervisory reporting that were submitted by EBA in April 2017. 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). EBA has updated the related documents on its website to reflect the adoption of the Implementing Act (see Implementing Technical Standards on Reporting and Reporting framework 2.7).
- EC-Adopted Implementing Act and Annexes (ZIP)
- Supervisory Reporting Standards
- Reporting Framework 2.7
Keywords: Europe, EU, Banking, Supervisory Reporting, Implementing Technical Standards, Reporting, COREP, EBA
Previous ArticleFED Reporting Updates for June 2017
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.