On 10 August 2020, the European Banking Authority (EBA) published its final report concerning guidelines on supervisory reporting and disclosure requirements in compliance with the Capital Requirements Regulation (CRR) ‘quick fix’ in response to the COVID-19 pandemic.
The guidelines comprise a set of instructions covering the impact of the CRR ‘quick fix’ on the following reporting and disclosure requirements: reporting of credit and market risk and own funds; reporting of leverage ratio; and disclosure of leverage ratio. The reporting requirements covered by the guidelines will apply from the date of their publication until the reporting reference date of 31 May 2021, inclusive. The disclosure requirements will apply from the date of their publication until and including the last disclosure reference date prior to the disclosure reference date of 28 June 2021.
Due to the urgency of the matter, the specific focus of the guidelines on the COVID-19 pandemic-related measures and the need to provide credit institutions with the maximum time possible to prepare themselves for the additional reporting and disclosure requirements to be imposed by Member State competent authorities in compliance with the guidelines, the EBA decided not to carry out public consultations or a cost-benefit analysis in this case.