16 October 2019

EBA consults on supervisory reporting changes related to CRR2 and backstop regulation (Framework 3.0)

The EBA launched a public consultation on revised Implementing Technical Standards (ITS) on supervisory reporting, which aim to keep the reporting requirements in line with changes in the regulatory framework and with the evolving needs for Supervisory Authorities' risk assessments.

In particular, in 2019, there were two amendments to the CRR affecting supervisory reporting:

• The amending Regulation (EU) 2019/876 (‘CRR2'), which implements a number key measures such as liquidity, leverage and large exposures;
• The amending 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 and FINREP. The review of the reporting framework is designed to replace the Commission's Implementing Regulation (EU) No 680/2014 and has been used as an opportunity to improve the consistency between the reporting and disclosure requirements, with a view to facilitate institutions' compliance with both requirements. A parallel consultation regarding the draft ITS on public disclosures by institutions was also launched today.

This consultation paper is the first one of the deliverables that will be presented in a forthcoming roadmap ‘EBA work to improve the reporting in the EU', which describes the EBA's strategy to implement the CRR2/CRD5, the BRRD2 and the IFR mandates in the reporting framework and it will be published in Q4 2019. This roadmap is part of an overall roadmap with the strategic work plan of EBA.

Responses to this consultation can be sent to the EBA by 16 January 2020. A public hearing will take place at the EBA premises on 2 December from 10:00 to 12:30.

Full press release on EBA

Full consultation on EBA

© EBA