General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
October 09, 2018

EC adopted the Implementing Act amending the implementing technical standards (EU Regulation No 680/2014) on supervisory reporting in EU. EBA acknowledged the adoption, by EC, of these standards with regard to the inclusion of prudent valuation into COREP as well as other amendments. The Implementing Act is based on the final implementing technical standards on supervisory reporting, which EBA had submitted in April 2018. However, publication of this regulation in the Official Journal of the European Union is still pending. The regulation will apply from December 01, 2018 and the amended requirements will apply as of December 31, 2018 (reporting framework version 2.8).

The regulation being amended—that is, Regulation No 680/20142—specifies the modalities according to which institutions are required to report information relevant to their compliance with the Capital Requirements Regulation (CRR or Regulation No 575/2013). The regulatory framework established by CRR is gradually being supplemented and amended in its non-essential elements by the adoption of further regulatory technical standards. Regulation No 680/2014 is being updated to reflect those changes and to provide further precision in the instructions and definitions used for the supervisory reporting of institutions. Certain references and formatting inconsistencies, which were discovered as misleading in the course of the application of Regulation No 680/2014, are also being clarified. Amendments to Regulation No 680/2014 are also necessary to improve the ability of the competent authorities to effectively monitor and assess the risk profile of institutions and to obtain a view on the risks posed to the financial sector; this requires minor changes to the reporting requirements on the geographical distribution of exposures.

 

Related Links

Effective Date: December 01, 2018 

 

Keywords: Europe, EU, Banking, CRR, Reporting, Implementing Technical Standards, COREP, EBA, EC 

Related Articles
News

EBA Single Rulebook Q&A: Fourth Update for March 2019

EBA published answers to five questions under the Single Rulebook question and answer (Q&A) updates for this week.

March 22, 2019 WebPage Regulatory News
News

ECB Updates Validation Checks and List of Identifiers Under AnaCredit

ECB updated the AnaCredit validation checks (Version 1.4) and the list of national identifiers (version 2.4) for AnaCredit reporting.

March 21, 2019 WebPage Regulatory News
News

BCBS Publishes Results of the Basel III Monitoring Exercise

BCBS published results of the Basel III monitoring exercise based on data as of June 30, 2018.

March 20, 2019 WebPage Regulatory News
News

EBA, FCA, and PRA Agree on MoU Template for Supervisory Cooperation

EBA, FCA, and PRA announced that they have agreed on a template for the Memorandum of Understanding (MoU) that sets out the expectations for supervisory cooperation and information-sharing arrangements between UK and EU/European Economic Area national authorities.

March 20, 2019 WebPage Regulatory News
News

HKMA Publishes CoP on Loss-Absorbing Capacity Requirements of Banks

HKMA issued, in relation to the Financial Institutions Resolution (Loss-Absorbing Capacity Requirements—Banking Sector) Rules (LAC Rules) a chapter of a code of practice (LAC CoP) under section 196 of the Financial Institutions Resolution Ordinance (FIRO).

March 20, 2019 WebPage Regulatory News
News

EBA Publishes Reports Monitoring the Implementation of Basel III in EU

EBA published two reports measuring the impact of implementing the final Basel III reforms and monitoring the implementation of liquidity measures in EU.

March 20, 2019 WebPage Regulatory News
News

BCBS Publishes Results of Survey on Proportionality in Bank Regulation

BCBS published a report presenting the results of a survey conducted on proportionality practices in bank regulation and supervision.

March 19, 2019 WebPage Regulatory News
News

US Agencies Adopt Interim Rule to Facilitate Transfers of Legacy Swaps

US Agencies (FCA, FDIC, FED, FHFA, and OCC) are adopting and inviting comments on an interim final rule.

March 19, 2019 WebPage Regulatory News
News

EBA Updates List of Other Systemically Important Institutions in EU

EBA updated the 2018 list of other systemically important institutions (O-SIIs) in EU. The list also reflects the additional capital buffers that the relevant authorities have set for the identified O-SIIs.

March 19, 2019 WebPage Regulatory News
News

HKMA Expects Banks to Manage Risks Related to Crypto-Asset Exposures

HKMA issued a statement announcing that it expects authorized institutions to take note of the BCBS statement on crypto-assets and its prudential expectations.

March 18, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2780