15 March 2013

EBA: Update on the technical standards on supervisory reporting requirements

EBA published an updated version of the templates, instructions, validation rules and data point model for implementing technical standards (ITS) on supervisory reporting (COREP and FINREP).

All templates, instructions and the DPM published today are still draft and should not be considered as final products.

As soon as the final CRR/CRDIV texts are adopted by the EU legislator, the EBA will finalise the draft ITS and submit it to the European Commission for endorsement. The final ITS will then be published in the EU Official Journal.

Following the latest round of discussions between the EU legislators, the entry into force of the CRR/CRDIV package is expected to be 1 January 2014. If this date is confirmed, the first reporting period for COREP and FINREP requirements would be Q1 2014.

The updated package released today includes the following COREP and FINREP technical documents:

• A set of draft templates and related instructions regarding supervisory reporting requirements;
• A set of draft validation rules;
• A draft data point model (DPM);
• A FAQ document based on questions on the supervisory reporting requirements raised by stakeholders during the consultation period and workshop organised by the EBA;

All templates, instructions and the DPM are still draft and should not be considered as final products.

The provisions regarding the application date and the implementation timeline as well as, for FINREP, the scope and level of application, will be part of the final draft ITS to be adopted by the EBA.

As announced by the EBA in December 2012, a consultation paper regarding the data point model (DPM) covering liquidity and leverage reporting requirements will published separately in March.

Questions from stakeholders on the practical application of the supervisory reporting requirements will be addressed by the EBA in the context of a Q&A tool for the Single Rule Book currently being developed on the EBA website. The launch of this tool is linked to the finalisation of the CRR/ CRD. It will cover EBA technical standards and guidelines once they are finalised and adopted.

Full information

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