EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0. The corrections are mainly in the taxonomy files in M 02.00.a of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC), where EBA has addressed the issue of reportable grey cells. In this context, EBA has updated the Data Point Model (DPM) database 3.0, XBRL taxonomy files and supporting documentation, taxonomy package 3.0, and sample files 3.0.
The EBA reporting framework 3.0 comprises amendments linked to the revised Capital Requirements Directive and Regulations (CRR2 and CRD5), 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 Regulation (EU) 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 global systemically important institution (G-SII) indicators
- New implementing technical standards on specific reporting requirements for market risk (Fundamental Review of the Trading Book or FRTB reporting)
- New implementing technical standards on disclosure and reporting of MREL and TLAC
- Technical package for the implementing technical standards for the notification of impracticability of contractual recognition of the bail‐in clause
- Technical package for the implementing technical standards on reporting decisions on MREL
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Keywords: Europe, EU, Banking, Reporting, Basel, Reporting Framework 3.0, MREL, TLAC, DPM, Taxonomy, CRR2, IFR, COREP, FINREP, Investment Firms, FRTB, EBA
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