On 31 July 2023, the European Banking Authority (EBA) published a Final Report proposing amendments to the implementing technical standards (ITS) on supervisory reporting regarding interest rate risk in the banking book (IRRBB) reporting requirements. This new harmonised reporting aims to bring the data quality required for assessing IRRBB risks on an appropriate scale of institutions, including large institutions, small and non-complex institutions (SNCIs) and institutions other than large institutions and SCNIs, which cannot be left outside the scrutiny of IRRBB risks.
The new reporting will provide supervisors with the necessary data to monitor IRRBB risks in credit institutions, taking into careful consideration the concept of proportionality for SNCIs and other institutions.
The draft ITS will be submitted to the European Commission for endorsement before being published in the Official Journal of the European Union. The first reference date for the application of these ITS is envisaged to be in September 2024. The expected implementation period for the proposed changes is approximately 1 year.