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    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    January 14, 2021

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0. The corrections are mainly on the taxonomy files in the COREP Net Stable Funding Ratio (NSFR) module and COREP Leverage Ratio (LR) module where EBA has addressed the issue of non-reportable data points on columns 0020 and 0030 of tables C 84. EBA has also amended a member code for “Cash pooling arrangements” in C 47. In this context, EBA has updated certain documents in the Data Point Model (DPM) version 3.0 and the taxonomy package 3.0. The parallel changes on minimum requirement for own funds and eligible liabilities (MREL) and total loss-absorbing capacity (TLAC) reporting framework for the 3.0 Data Point Model (DPM) cycle are also expected to be published this month, in January 2021.

    EBA reporting framework 3.0 comprises amendments linked to the revised Capital Requirements Directive and Regulations (CRR2 and CRD5), the revised Bank Resolution and Recovery Directive (BRRD2), and the Investment Firms Regulation (IFR). This version of the reporting framework is expected to apply from June 30, 2021. The main changes compared to the previous version of the EBA reporting framework relate to the following:

    • New implementing technical standards on supervisory reporting replacing Regulation (EU) No 680/2014, including new reporting requirements and changes to the reporting on own funds (including backstop for non-performing exposures), credit risk and counterparty credit risk, large exposures, leverage ratio, net stable funding ratio, FINREP, and global systemically important institution (G-SII) indicators
    • New implementing technical standards on disclosure and reporting of MREL and TLAC

     

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    Keywords: Europe, EU, Banking, Reporting, COREP, Basel, Reporting Framework 3.0, Taxonomy, DPM, MREL, TLAC

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