|
|
The European Banking Authority (EBA) today launched a public consultation on its draft ITS overhauling the EBA resolution planning reporting framework. The consultation runs until 30 October 2024.
• These draft Implementing Technical Standards (ITS) on the provision of information for the purposes of resolution plans aim to ensure that resolution authorities have the data they need, thus improving the usability of this reporting framework and enhancing a consistent monitoring of resolution planning.
• These draft ITS will further harmonise reporting requirements in the EU and avoid duplication of data requests, thus reducing the cost of compliance with resolution planning reporting obligations by institutions.
• Proportionality is a key driver of this regulatory product. Therefore, the streamlining of datapoints to avoid overlaps is based on the size and complexity of institutions.
The main proposals included in this consultation paper include bringing forward the submission deadline for reporting from April 30 to March 31, an extension of the scope of entities for which data is collected, and an expansion of the information requested on some topics, in particular organisational structure, granular liability data, critical functions, financial markets infrastructures data, critical services and critical information systems. The changes reflect some of the information that resolution authorities are already, and separately, collecting from their institutions, notably that collected by the Single Resolution Board.