ECB published the Decision 2021/432, which amends Decision 2017/1198, on the reporting of funding plans of credit institutions by national competent authorities to ECB. The amendments to Decision 2017/1198 relate to the requirements for reporting funding plans, remittance dates, and first reporting reference date in 2021. The first reference date for reporting in 2021 shall be December 31, 2020. Decision 2021/432 shall take effect on the day of its notification to the national competent authorities of the participating member states.
The ECB Decision (2017/1198) that is being amended requires national competent authorities to provide the funding plans of certain significant and less significant credit institutions to ECB; it also establishes harmonized procedures for the submission, to ECB, of those funding plans. Decision 2017/1198 requires funding plans to be reported in accordance with the EBA guidelines on harmonized definitions and templates for funding plans of credit institutions. However, these EBA guidelines were repealed and replaced with effect from December 31, 2020 by the EBA guidelines (on harmonized definitions and templates for funding plans of credit institutions) that were published in 2019. Consequently, the EBA Decision on supervisory reporting by competent authorities (to EBA) requires competent authorities to submit data on funding plans of all credit institutions under their supervisory remit in accordance with the EBA 2019 guidelines. The EBA Decision also classifies all credit institutions as either "Largest institutions in the Member State" or "Smaller Institutions" for determining the submission dates of the requested data from competent authorities to EBA. It is appropriate that ECB also takes account of these classifications. Thus, to align the reporting of funding plans of credit institutions to ECB with the most recent harmonized definitions and templates in the EBA 2019 guidelines and to ensure compliance with the EBA Decision on supervisory reporting, Decision 2017/1198 has been amended via the new Decision 2021/432.
Keywords: Europe, EU, Banking, Reporting, Funding Plans, Decision 2017/1198, Decision 2021/432, CRR, EBA, ECB
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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