On 2 June 2020, the EBA introduced new reporting guidelines concerning legislative and non-legislative moratoria on loan repayments. The guidelines address data gaps in supervisory reporting and disclosure relating to COVID-19 supervisory measures. The EBA issued new reporting templates built around concepts and datapoints used in FinRep reporting.
The PRA issued a statement on 24 June 2020 confirming that the reporting guidelines are not being applied for UK credit institutions at this time. This approach reflects that the PRA already receives data from institutions in relation to payment deferrals.
The PRA is considering how to apply the disclosure elements in the guidelines, taking account of proportionality measures in the guidelines; and the PRA’s Dear CEO letter of 4 June 2020 updating the guidance to UK credit institutions on payment deferrals, IFRS 9 and capital requirements.