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
Keywords: Europe, EU, Banking, Reporting, COREP, Basel, Reporting Framework 3.0, Taxonomy, DPM, MREL, TLAC
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The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).
The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).
The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.
The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).
HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.
The Australian Prudential Regulation Authority (APRA) is seeking comments, until October 21, 2022, on the introduction of CPS 230, which is the new cross-industry prudential standard on operational risk management.