Featured Product

    ECB Amends Rule on Reporting of Supervisory Financial Information

    May 18, 2021

    ECB published the Regulation ECB/2021/24, which amends Regulation 2015/534 (also known as the ECB FINREP Regulation), on reporting of supervisory financial information. The ECB FINREP Regulation is being updated in response to the revised Capital Requirements Regulation (CRR2) and the adoption of Regulation 2021/451, which sets out the implementing technical standards on supervisory reporting of institutions. The Regulation ECB/2021/24 shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union. It shall apply from June 28, 2021.

    Regulation 2021/451 is repealing and replacing the Regulation 680/2014 on the implementing technical standards for supervisory reporting of institutions, in accordance with the CRR. As ECB FINREP Regulation provides for the use of templates developed by EBA and enacted in Regulation 680/2014, references to Regulation 680/2014 in the ECB FINREP Regulation are being updated. It is also necessary to consider other changes that require updates to cross-references to Regulation 2021/451 to ensure that ECB FINREP Regulation remains consistent with the applicable Regulation ECB/2021/24. These changes include certain changes in the naming and structure of certain templates in the Annexes to the ECB FINREP Regulation, to align with the naming and structure of the templates in the Annexes to Regulation 2021/451. Annexes to the Regulation ECB/2021/24, which mainly address the associated reporting templates and instructions, present amendments to the Annexes to ECB FINREP Regulation. Finally, references to CRR in the ECB FINREP Regulation are being updated to incorporate the CRR2 amendments from May 2019.


    Related Link: ECB/2021/24 (PDF)

    Effective Date: OJ+5 Days

    Keywords: Europe, EU, Banking, Reporting, FINREP, Accounting, CRR, Basel, CRR2, IFRS 9, Financial Instruments, ECB

    Featured Experts
    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582