Shearman & Sterling LLP | FinReg | European Banking Authority Publishes Guidelines on COVID-19 Exposures Reporting
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  • European Banking Authority Publishes Guidelines on COVID-19 Exposures Reporting
    The European Banking Authority has published guidelines on bank reporting and disclosure of exposures subject to measures designed to protect borrowers from the economic impact of the COVID-19 crisis. The measures include payment moratoria, which are exempt from prudential treatment as forbearance measures and therefore not subject to the usual supervisory reporting framework. Public guarantee schemes introduced in many Member States are also not captured by existing reporting frameworks. This has created a data gap, which has implications for the risk-analysis of individual institutions and for overall financial stability in the EU.
    The EBA has published these guidelines to elicit information that may help to monitor the effect of measures introduced in response to COVID-19. The reporting requirements will apply on a quarterly basis for an expected period of 18 months, with the first reference date being June 30, 2020. The disclosure requirements will apply semi-annually on June 30 and December 31. All reporting requirements will apply at an individual, sub-consolidated and consolidated level. In particular, disclosure and reporting requirements will cover:
    • exposures subject to moratoria on repayments under the EBA’s Guidelines on COVID-19-related legislative and non-legislative moratoria on loan repayments; and
    • exposures subject to COVID-19-related forbearance measures.
    Newly originated exposures subject to COVID-19-related public guarantee schemes will be subject only to reporting requirements.
    View the EBA's guidelines on COVID-19 exposures reporting.
    View details of the EBA’s guidelines on COVID-19 payments moratoria.
    Details of other regulatory responses to COVID-19 are available on our COVID-19 Research Center.
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