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These Draft Implementing Technical Standards (ITS) will become part of the general supervisory reporting framework. In this respect, they are an addition to the draft ITS text proposed in the Consultation Paper on supervisory reporting for institutions (CP50) published on 20 December 2011, and need to be read in conjunction with them.
Main features of the ITS
These ITS aim at providing national authorities with harmonised information on their liquid assets, inflows and outflows and their stable sources of funding using uniform reporting formats developed by the EBA.
Against this background, this consultation paper puts forward proposals regarding the reporting requirements for both liquidity coverage and stable funding. The purpose of this monitoring is two-fold:
The scope and level of application of these ITS are in line with the Capital Requirements Regulation (CRR) text. The latter provides for the liquidity coverage reporting to be done at least monthly and the stable funding reporting at least quarterly.
These ITS have been developed on the basis of the templates for liquidity reporting used by the EBA in compiling the Basel III monitoring exercise as well as on the COREP and FINREP guidelines. They also build on voluntary reporting exercises conducted predominantly by larger institutions.
Next steps
These draft ITS have been developed on the basis of the European Commission’s legislative proposals for the CRR/CRD IV. Following the end of the consultation period, and to the extent that the final text of the CRR changes before the adoption of the ITS, the EBA will adapt its draft ITS accordingly to reflect any developments.
The CRR also mandates the EBA to develop additional liquidity monitoring metrics to provide competent authorities with a comprehensive view of institutions’ liquidity risk profiles. The EBA is currently working on these metrics and will launch a public consultation in due course, depending on the timeline that will be adopted in the CRR.
Based on the CRR proposals and these ITS, institutions are required to comply with the new reporting requirements as of 1 January, 2013. In the current timeline for the implementation of the CRR/CRD IV, the first regular reporting period is expected to be January 2013.