ACPR Amends Reporting Module Timelines Under EBA Framework 3.2
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2. The regulatory authority also issued a clarification on the transmission of information on the publication of covered bonds.
Below are the key highlights of the recent updates:
- The French regulator has announced that the implementation dates of the EBA framework version 3.2 AE, GSII, and COREP_OF modules could be pushed back to March 2023, COREP_ALM to January 2023 (or even later for each of them). For all modules not in scope of version 3.2, the methods for indicating consolidation remain the same as in 2022, the entry points continue to carry the level of consolidation, and the identifier of the instance does not change. These arrangements will be detailed at the next "Place Banque" meeting on September 19, 2022.
- ACPR also issued a clarification with respect to the methods of transmission of information related to a report on covered bonds. On August 03, 2022, ACPR specified that declarations with respect to the publication of covered bonds must be signed electronically. However, due to technical reasons, ACPR is now informing that this obligation will not come into force until the deadline of March 2023. Thus, remittances related to the September and December 2022 deadlines do not need to be electronically signed. Consequently, the "Guaranteed Banking Bonds" report of the OBG domain of the ONEGATE portal will not contain a space dedicated to the signature file for these 2 maturities.
Related Links (in French)
Keywords: Europe, France, Banking, Covered Bonds, Reporting, Basel, IFR, CRR, Reporting Framework 3 2, ACPR
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
MAS Launches SaaS Solution to Simplify Listed Entity ESG DisclosuresRelated Articles
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
BIS Bulletin Examines Cognitive Limits of Large Language Models
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
ECB is Conducting First Cyber Risk Stress Test for Banks
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
EBA Continues Momentum Toward Strengthening Prudential Rules for Banks
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
EU and UK Agencies Issue Updates on Final Basel III Rules
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards