European Banking Authority Launches Consultation on Technical Standards for Supervisory Reporting Requirements under CRR II

The European Banking Authority has launched a consultation on its draft Implementing Technical Standards for financial institutions’ reporting requirements under the revised Capital Requirements Regulation. The draft ITS will amend the existing reporting regime applicable to banks subject to the CRR, taking into account certain amendments to that regime made by CRR 2 and the “Backstop Regulation”. Responses to the consultation should be submitted by January 16, 2020.
 
The draft ITS set out requirements for the format and frequency of reporting on, for example, own funds, large exposures and leverage ratios and liquidity and stable funding, which are required under CRR 2. The Backstop Regulation introduced uniform minimum levels of loss coverage for future non-performing exposures, and the draft ITS therefore set out templates for the calculation of minimum loss coverage requirements and extend the financial reporting requirements for NPEs in line with the proposed templates.
 
The EBA has simultaneously published a consultation on its draft ITS for public disclosures by financial institutions under the CRR. Responses to that consultation should also be submitted by January 16, 2020. There are significant commonalities between the information made available via the public disclosures and that which must be reported in accordance with the draft supervisory reporting ITS. To ensure consistency of the information being disclosed and reported, the EBA has published a mapping of the public disclosures templates and supervisory reporting requirements to demonstrate how the two frameworks have been integrated.
 
View the EBA's consultation on draft ITS for supervisory reporting requirements by financial institutions. 
 
View details of the EBA's consultation and mapping of its draft ITS for public disclosures under CRR II.
 
View details of the Backstop Regulation.

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