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The European Banking Authority (EBA) launched two consultations on two draft Implementing Technical Standards (ITS) amending the Commission's Implementing Regulation on supervisory reporting with regard to the Liquidity Coverage Ratio (LCR) and the Leverage Ratio (LR).
Proposed amendments to the LCR reporting
Following the Commission's adoption on 10 October 2014 of a Delegated Act specifying the LCR framework, the EBA now has developed amendments to the current ITS on reporting. The proposed amendments are only applicable to credit institutions and not to investment firms. The latter will continue reporting the LCR items using the current instructions and templates. These ITS will provide credit institutions with a completely new set of templates and instructions so as to capture all the necessary LCR items and to adequately ensure a proper supervisory reporting of the LCR according to the Commission's Delegated Act. In addition, these ITS outline all the necessary steps needed for the calculation of the ratio. For informative purposes only, the EBA is also publishing an excel-based "LCR calculation tool", which is not part of the ITS and, therefore, will not have any legal value for reporting purposes.
Proposed amendments to the LR reporting
Following the Commission's adoption on 10 October 2014 of a Delegated Act amending the definition of the LR in the Capital Requirements Regulation, the EBA now has developed amendments to the current ITS on reporting. The proposed amendments to the LR reporting instructions and templates are, however, limited and mainly reflect an alignment with the standard on LR published by the Basel Committee on Banking Supervision (BCBS).
In terms of implementation, for both the amended LCR and LR reporting, the EBA is proposing to have the first reference date six months from the adoption of the updated ITS, with the restriction that the resulting reference date would be no earlier than December 2015.
Comments to both consultations can be sent separately to the EBA by 10 February 2015 for the ITS on LCR and 27 January 2015 for the ITS on LR. A joint public hearing for both ITS will take place at the EBA premises on 15 January 2015 from 14.00 to 17.00 UK time.