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06 January 2010

CEBS amends guidelines on common reporting for Capital Requirement Directive - COREP

The COREP templates have been amended to incorporate changes of the CRD and CRD II amendments and will be applicable by end 2010. Changes include amendments on the definition of capital and the provisions concerning the exposure value.

CEBS today publishes the revised framework on Common Reporting (COREP). The COREP templates have been amended to incorporate changes of the CRD (directives 2009/27/EC) as well as CRD II amendments, and will be applicable by 31 December 2010.

These changes affect the following COREP templates:

·     CRD amendments regarding the definition of capital (treatment of hybrid instruments) lead to changes in the CA template.

·     CRD provisions concerning the exposure value have minor impacts on CR SA and CR IRB templates which are limited to changes of legal references.

·     The CR SEC templates now include new CRD retention requirements.

·     The amendments of OPR templates relate to the implementation of a new business line.

CEBS has also published, as part of its final guidelines on large exposures, a reporting template on large exposure which shall be applied from 31 December 2010. As the uniform COREP framework would have to be applied only from 31 December 2012, there will be a two-year period during which common large exposures reporting will not be available under the COREP package. Throughout this period, until the future uniform COREP framework is implemented, CEBS recommends that national supervisors incorporate the large exposures reporting set out in the relevant guidelines into their national reporting system.

Press release

Explanatory note

© CEBS - Committee of European Banking Supervisors

Documents associated with this article

CEBS - credit and counter party risk - standardised approach to CRD.xlsx
CEBS - market risk - standardised approaches for position risks in traded debt intruments.xls
CEBS- operational risk.xls

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