On 5 March 2019, the European Banking Authority (EBA) issued a consultation on updating its guidelines on harmonised definitions and templates for the reporting of funding plans. The majority of the proposed changes are designed to align the definitions and breakdowns used in the guidelines with those used in FINREP to facilitate the implementation and reduce reporting burden. The EBA believes that the changes will increase the comparability and facilitate better and more automatic validations of the data provided.
The deadline for comments on the consultation is 5 May 2019. The first reference date for reporting under the updated framework set out in the guidelines will be 31 December 2020.