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.
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Keywords: Europe, EU, Banking, Reporting, Framework 2.9, Supervisory Benchmarking, FINREP, COREP, Resolution Framework, Validation Rules, DPM 2.9, Taxonomy, EBA
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