24.06.2020

The European Banking Authority (EBA) published new implementing technical standards (ITS) on public disclosures by institutions and revised final draft ITS on supervisory reporting (according to Art. 430 of the Capital Requirements Regulation - CRR) that implement changes introduced in the Prudential Backstop Regulation and in the CRR II. The first disclosure and reporting reference dates will be 30 June 2021.

The disclosure ITS, mandated by Art. 434a CRR, provide a single overarching package that brings together all previous pieces of regulation and incorporates all prudential disclosures, in line with the Basel Committee on Banking Supervision’s Pillar-3 standards and with the increased standardisation of institutions' public disclosures. The CRR II definitions for ‘small and less complex institutions’ and ‘large institutions’ support proportionality of Pillar-3 disclosures and the ITS includes risk-profile thresholds to trigger additional disclosures for large banks.

The reporting ITS, which replace Commission Implementing Regulation (EU) No 680/2014, include new reporting requirements on counterparty credit risk, net stable funding ratio (NSFR), and non-performing exposure minimum coverage and reflect changes to reporting, including own funds, credit risk, large exposures, leverage ratio, financial reporting, and global significant institution indicators. Proportionality measures include simplified NSFR reporting for small and non-complex institutions. The corresponding reporting technical package, including the data point model, validation rules and XBRL taxonomy, is expected by the end of the summer 2020.

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