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As part of the European Banking Authority's (EBA) harmonisation of European regulatory reporting (COREP), the EBA has proposed in this consultation paper a series of amendments to the COREP framework. The changes will allow the inclusion of the new requirements for reporting information on prudent valuation, as well as some supplementary requirements for reporting credit risk information.
The information collected will allow banking supervisors throughout the EU to assess how banking institutions are complying with the requirements on prudent valuation set by EU legislation and the related technical standards developed by the EBA, as well as any additional financial information required by competent authorities to perform their supervisory tasks.
Comments to this public consultation can be submitted to the EBA by 30 March 2016.