Final Draft Revisions to EU Supervisory Reporting Requirements for Sovereign Exposures and Operational Risk Published

The European Banking Authority has published a final report and final draft Implementing Technical Standards amending the existing ITS on supervisory reporting. The ITS on supervisory reporting collate the prudential reporting requirements of banks under the Capital Requirements Regulation, related technical standards and other financial information required by national regulators. The ITS on supervisory reporting are updated when prudential or supervisory requirements change. The EBA consulted on the amending ITS at the end of 2016. The amending ITS will include new requirements on reporting of information on sovereign exposures, amendments to the requirements on reporting of operational risk and reporting of additional monitoring metrics on liquidity as well as technical amendments to the reporting requirements on COREP, IP losses and leverage ratio. The final draft amending ITS have been submitted to the European Commission for adoption. The amended ITS will apply from March 2018 (reporting reference date March 31, 2018). The EBA is proposing that the EU legislation which grants it powers to prepare the draft ITS should be amended to give it powers to adopt its own implementing technical decisions, instead of the changes being made through an amending ITS - thus reducing the involvement of the Commission in the process. However, those proposals are still being assessed by the European Commission, European Parliament and Council of the European Union.

View the final report on draft ITS amending ITS on supervisory reporting and the related annexes.

View the EBA's proposals on powers to draft ITS on supervisory reporting.