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    EBA Updates Reporting Framework 3.0 and Pillar 3 Disclosure Standards

    December 22, 2020

    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.

     

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    Keywords: Europe, EU, Banking, Basel, Reporting, Reporting Framework 3.0, Pillar 3, Disclosures, COREP, FINREP, CRR2, EBA

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