EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.9
EBA published phase 2 of its technical package on the reporting framework 2.9, which includes validation rules, Data Point Model (DPM) data dictionary, and XBRL taxonomies. The 2.9 “Phase 2” release covers changes in FINREP and Supervisory Benchmarking Portfolios frameworks, in addition to some hotfixes for COREP and resolution frameworks in “Phase 1” release. The update reflects the amendments to the implementing technical standards on supervisory reporting related to FINREP and on benchmarking of internal approaches, both of which were published on July 16, 2019.
EBA intends to publish an update to the 2.9 taxonomy in January, to add and correct validation rules. The aim would be to enhance data quality, taking into account both feedback on the 2.9 taxonomy, but also crucially practical reporting experience from the 2.9 release. Only elements of 2.9 that have not yet come into use in January would be affected (that is, excluding Resolution or Benchmarking). This change is not intended to impact any structural elements of the reporting, but only the validation rules—that is, the changes would be “instance compatible.” The amendments to the reporting framework 2.9 will apply from different reference dates due to different application dates of the underlying regulatory requirements.
Related Links
Keywords: Europe, EU, Banking, Reporting, Framework 2.9, Supervisory Benchmarking, FINREP, COREP, Resolution Framework, Validation Rules, DPM 2.9, Taxonomy, EBA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
APRA Publishes Details on Committed Liquidity Facility for LCR BanksRelated Articles
ESAs Issue Multiple Regulatory Updates for Financial Sector Entities
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
EBA Finalizes Methodology for Stress Tests, Issues Other Updates
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
OSFI Sets Out Work Priorities and Reporting Updates for Banks
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
APRA Finalizes Changes to Capital Framework, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
BIS Hub and Central Banks Conduct CBDC and DeFI Pilots
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
FASB Proposes Improvements to 2023 GAAP Reporting Taxonomy
The Financial Accounting Standards Board (FASB) is seeking comments, until November 03, 2022, on the proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy.
ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
