EBA欧洲银行-EBA-ITS-2013-02-28Draft-ITS-on-supervisory-reporting29_92页_1001kb

EBA FINAL Draft Implementing Technical Standards on Supervisory Reporting under Regulation (EU) No 575/2013 Summary

Core Content

This document outlines the EBA FINAL draft Implementing Technical Standards (ITS) for supervisory reporting under Regulation (EU) No 575/2013 (CRR), which aims to establish a single rulebook for credit institutions and investment firms in the EU. The ITS are designed to ensure uniformity, proportionality, and efficiency in reporting requirements across the EU, thereby supporting supervisory convergence and systemic risk monitoring.

Main Features of the ITS

• Scope: The ITS apply to credit institutions and investment firms, both individually and on a consolidated basis, except for financial information.
• Reporting Areas:
  • Own funds and own funds requirements
  • Financial information
  • Losses from lending collateralised by immovable property
  • Large exposures
  • Leverage ratio
  • Liquidity ratios (Liquidity Coverage Ratio and Net Stable Funding Ratio)
• Proportionality: Reporting requirements are tailored to the nature, scale, and complexity of institutions. Only those with significant risk exposures or activities are required to report certain data points.
• Frequency and Dates:
  • Monthly reporting: Last day of the month
  • Quarterly reporting: 31 March, 30 June, 30 September, and 31 December
  • Semi-annual reporting: 30 June and 31 December
  • Annual reporting: 31 December
  • Deferred application: Financial information and liquidity reporting are applied from Q3 2014 (30 September 2014), with Q1 2014 (31 March 2014) as the first reference date for other reporting templates.
• Data Submission: The EBA recommends using XBRL taxonomies and a formal data model, but does not mandate their use. Institutions are encouraged to maintain national IT solutions for integrated reporting, provided they meet the ITS specifications.

Key Information

Uniform Reporting Standards

• Uniform reporting standards are essential to ensure fair competition, efficiency, and consistent risk assessment across the EU.
• These standards support cross-border supervision and help supervisory authorities (including EBA, ESRB, and ECB) monitor systemic risks effectively.

Financial Information Reporting

• Financial information is reported consolidated by institutions using IAS/IFRS or required by competent authorities to do so.
• The purpose of financial reporting is to provide a comprehensive view of the risk profile and to assess systemic risks.
• Disclosures not available in IAS/IFRS are included in the ITS to meet supervisory needs.

Implementation Timeline

• First reporting reference date: 31 March 2014
• First submission deadline for Q1 2014 data: 30 June 2014
• First liquidity reporting reference date: 31 March 2014
• First liquidity data submission deadline: 30 calendar days after the reference date

Harmonisation and IT Solutions

• The ITS are based on COREP and FINREP guidelines, which have been implemented in several EU member states.
• The EBA does not intend to harmonise underlying accounting frameworks, only supervisory reporting formats.
• A Data Point Model and validation formulae are developed to ensure harmonised and reliable data across different IT solutions.

Regulatory Context

• The CRR is the main legislative act establishing the single rulebook, which became effective on 1 January 2014.
• The ITS are part of the single rulebook, and once adopted by the European Commission, they will be directly applicable in all Member States.
• The EBA has conducted public consultations and considered feedback from the Banking Stakeholder Group to refine the ITS.

Legal Basis and Adoption

• The ITS are based on Article 15 of the EBA Regulation.
• They are to be adopted by the European Commission through implementing regulations.
• EU regulations are binding and directly applicable, meaning they form part of national law without further transposition.

Reporting Thresholds

• Institutions must report data only when thresholds are exceeded.
• Entry criteria: Institutions must report if they exceed thresholds on two consecutive reference dates.
• Exit criteria: Institutions may stop reporting if they fall below thresholds on three consecutive reference dates.

Conclusion

The EBA’s ITS are a critical component of the single rulebook under the CRR, aiming to enhance regulatory harmonisation, reduce complexity, and improve supervisory effectiveness. They ensure uniform reporting formats, proportional reporting obligations, and timely data submission while allowing for flexibility in IT solutions. The standards are designed to support systemic risk monitoring, cross-border supervision, and efficient regulatory oversight across the EU.