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    EBA Updates Guidelines on Reporting of Funding Plans of Banks

    December 09, 2019

    EBA updated the guidelines on harmonized definitions and templates for the reporting of funding plans of credit institutions. The changes include additional details of forecasted market-based funding, alignment to FINREP reporting, and additional proportionality revisions for small and non-complex credit institutions. This update is the result of experience gained through the EBA assessment of funding plans of banks in the recent years as well as the questions raised via the EBA Single Rulebook Question and Answer tool. The first reporting reference date will be December 31, 2020. The guidelines will be part of the version 2.10 reporting framework release and EBA will publish the related technical package in early 2020.

    Credit institutions should report their funding plans in accordance with the harmonized instructions and templates referred to in Annexes I and II to the guidelines. EBA consulted on the updated guidelines from March to May 2019. Seven responses were received, of which six were published on the EBA website. The introduced changes will provide deeper insights into the funding plans of banks and will increase efficiency, facilitate implementation, and reduce reporting costs. The new detailed breakdown of the forecasted market-based funding according to seniority will allow monitoring funding structures and, in particular, the need of issuing minimum requirement for own funds and eligible liabilities (MREL) eligible instruments and of replacing maturing central bank funding support, which are expected to be the key drivers for the funding needs of credit institutions.

    The new template on the forecast of statement of profit or loss will allow the monitoring of trends over time in firms’ profitability and their impact on funding. The updated guidelines include detailed instructions and are fully aligned with definitions and breakdowns used in FINREP reporting to increase comparability, facilitate the data production process for credit institutions, and deliver better data quality. The guidelines also introduce some simplifications for small and non-complex institutions to enhance proportionality and reduce reporting costs. 


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    Keywords: Europe, EU, Banking, Reporting, FINREP, Single Rulebook, Funding Plans, MREL, Proportionality, CRR/CRD, EBA

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