On 16 October 2019, the European Banking Authority (EBA) launched a consultation on new implementing technical standards (ITS) on supervisory reporting requirements for financial institutions governed by the Capital Requirements Regulation (CRR).

The new ITS reflect a mandate given to the EBA under Article 430 of CRR which aims to:

  • reflect amendments to the CRR made by the CRR II Regulation and the Backstop Regulation, which introduced a prudential backstop for non-performing loans (NPLs);
  • improve consistency between the CRR reporting and disclosure framework, including standardising formats and definitions; and
  • improve the proportionality of the CRR reporting framework, reducing requirements for small and non-complex institutions where appropriate.

The consultation paper proposes changes to different areas of reporting, including own funds, credit risk, counterparty credit risk, large exposures, leverage ratio, net stable funding ratio and FINREP.

The deadline for comments to the consultation is 16 January 2020. The EBA intends to submit the final draft ITS to the European Commission in June 2020. The ITS will apply from 30 June 2021.