CSSF Publishes Guidance on COREP and FINREP Reporting
CSSF published Version 6.0 of the additional guidance on specific aspects of COREP and FINREP reporting by credit institutions. This version contains additional guidance for templates COREP C 33.00, FINREP F 13.00, and FINREP F 18.00. It also includes translated section, in English, on FINREP F 22, which covers information on asset management functions, custody, and other service functions.
The semi-annual COREP C 33.00 reporting template is related to the General Government exposures by country of the counterparty. EBA has introduced this template as of reference date March 31, 2018 (taxonomy 2.7) and the template intended to offer an overview of the exposures toward General Governments. Additionally, FINREP templates F 13.00 and F 18.00 address collateral and financial guarantees received on loans and advances. The guidance provided in the document is not intended as an interpretation of the EBA implementing technical standards on supervisory reporting. The information disclosed by the CSSF in this document takes into consideration the guidance provided by the EBA questions and answers (Q&A) so far; nonetheless, EBA could adopt a different position in the future answers to Q&A, which may result in the need to amend this document accordingly.
Related Link: Additional Guidance, Version 6.0
Keywords: Europe, Luxembourg, Banking, Reporting, COREP, FINREP, Loan Guarantee, EBA, CSSF
Featured Experts
Laurent Birade
Advises U.S. and Canadian financial institutions on risk and finance integration, CCAR/DFAST stress testing, IFRS9 and CECL credit loss reserving, and credit risk practices.
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Previous Article
HM Treasury Seeks Views on Review of Solvency II Regime for InsurersRelated Articles
ESAs Publish Reporting Templates for Financial Conglomerates
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA Publishes Report on Asset Encumbrance of Banks in EU
EBA published the annual report on asset encumbrance of banks in EU.
US Agencies Publish Updates for Call Reports, FFIEC 101, and FR Y-9C
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA Proposes Guidelines for Establishing Intermediate Parent Entities
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC Adopts Financial Reporting Changes Arising from Benchmark Reforms
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HMT Updates List of Post-Brexit Equivalence Decisions in UK
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
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.
APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
ECB Letter Sets Out Strategies to Address Issue of Nonperforming Loans
ECB published a letter from Andrea Enria, the Chair of the Supervisory Board of ECB, answering questions raised by the President of the Bundestag (the German federal parliament) on how ECB assesses the financial stability of the euro area in the context of the significant level of nonperforming loans.
