The European Banking Authority’s(EBA) standards on supervisory reporting aim at collecting information on institutions' compliance with prudential requirements in a consistent way and need to be updated whenever prudential or supervisory requirements change.
Information on sovereign exposures was crucial in the past and is becoming even more important now that the treatment of sovereigns is under review. The proposed draft ITS include additional information on sovereign exposures as the currently available data suffers from several shortcomings, which has required, so far, to resort to ad-hoc collections from Competent Authorities.
Considering the significant increase in institutions' costs stemming from operational risk events and the significant impact on profitability, these draft ITS also propose improvements to the reported information on operational risk. These changes will allow supervisors to monitor the losses due to this risk and to analyse the drivers behind the events triggering such material losses.
Comments to this consultation can be sent to the EBA by 7 January 2017.
Press release
EBA-CP-2016-20 (Consultation Paper on ITS amending Implementing Regulation (EU) No 680/2014 with regard to operational risk and sovereign exposures)
EBA-CP-2016-20 (Annex 1_OpR_GenGov templates)
EBA-CP-2016-20 (Annex 1_OpR_GenGov templates_Changes showing)
EBA-CP-2016-20 (Annex 2_OpR_GenGov instructions)
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