The European Banking Authority (EBA) launched a public consultation (to run until 16 January 2020) on revised implementing technical standards (ITS) on supervisory reporting, which aim to keep the reporting requirements in line with two amendments to the Capital Requirements Regulation (CRR) affecting supervisory reporting: Regulation (EU) 2019/876 (CRR2), which implements a number of key measures such as liquidity, leverage and large exposures, and Regulation (EU) 2019/630 (Backstop Regulation), which sets minimum loss coverage for future non-performing exposures (NPEs).
This consultation paper proposes changes to different areas of reporting, including own funds, credit risk, counterparty credit risk, large exposures, leverage ratio, net stable funding ratio (NSFR) and financial reporting (FinRep). The review of the reporting framework is designed to replace the Commission's Implementing Regulation (EU) No 680/2014 (EBA ITS on supervisory reporting) and improve the consistency between reporting and disclosure requirements.
This consultation paper (CP) is the first deliverable in the roadmap “EBA work to improve the reporting in the EU”, which will describe the EBA's strategy to implement the CRR2, the amended Capital Requirements Directive (CRD5), the amended Bank Recovery and Resolution Directive (BRRD2), and the Investment Funds Regulation (IFR) mandates in the reporting framework and which should be published in Q4 2019. The EBA expects to submit the revised draft ITS to the European Commission in June 2020. The application of the revised requirements will be in June 2021, with the first reporting reference date of 30 June 2021. During the summer of 2020, the EBA will publish the corresponding draft data point models (DPMs).