EBA published updates related to the reporting framework 3.0 and the implementing technical standards on Pillar 3 public disclosures by institutions. These updates are the result of the EC adoption of the implementing technical standards on supervisory reporting (version 3.0) on December 17, 2020, the EBA publication of the revised version of the mapping between disclosures and reporting, and the EBA release of phase 1 of the technical package on the reporting framework version 3.0.
EBA is updating the mapping of quantitative disclosure data and supervisory reporting and has published a file summarizing the frequency at which each type of institution should disclose each template and table, in accordance with the CRR2. The EBA tool provides a mapping tool between the Pillar 3 implementing technical standards on disclosures and the implementing technical standards on supervisory reporting (version 3.0). The Pillar 3 implementing technical standards on public disclosures have been developed to foster consistency across supervisory reporting. The mapping also aims to facilitate institutions’ compliance and improve the consistency and quality of disclosed information.
The Phase 1 technical package of reporting framework (version 3.0) provides the standard specifications for the implementation of EBA reporting requirements. The package includes the validation rules, the Data Point Model (DPM) data dictionary, and the XBRL taxonomies for v3.0. EBA also updated the DPM query tool. The technical package includes reporting requirements on FINREP, COREP, own funds (including the Fundamental Review of the Trading Book), COREP liquidity, asset encumbrance, large exposures, leverage ratio, and global systemically important institution (G-SII) data. EBA also updated its website to reflect the EC adoption of the supervisory reporting Implementing Act and its Annexes, which included changes introduced by the revised Capital Requirements Regulations (CRR2) and the Prudential Backstop Regulation.
- Press Release
- Mapping Tool (XLSX)
- Frequency of Disclosures (XLSX)
- DPM Table Layouts (ZIP)
- Reporting Framework 3.0
Keywords: Europe, EU, Banking, Basel, Reporting, Reporting Framework 3.0, Pillar 3, Disclosures, COREP, FINREP, CRR2, EBA
Previous ArticleEBA Proposes Methodology to Calibrate O-SII Buffer Rates
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.