On 2 June 2020, the European Banking Authority (EBA) published guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
The guidelines cover the following: (1) reporting requirements to monitor the use of payment moratoria and the evolution of the credit quality of the exposures subject to such moratoria in accordance with the guidelines on moratoria, (2) disclosure requirements for the exposures subject to the payment moratoria in accordance with the guidelines on moratoria, (3) reporting requirements for the new loans subject to specific public guarantees set up to mitigate the effects of the COVID-19 crisis, (4) disclosure requirements for the new loans subject to the specific public guarantees set up to mitigate the effects of COVID-19 crisis, and (5) reporting requirements on other forbearance measures applied in response to COVID-19 crisis
The guidelines are built on the existing definitions of Commission Implementing Regulation (EU) No 680/2014 (FINREP), and are subject to the application of the principle of proportionality and supervisory flexibility to tailor the application of the guidelines in way that is best suited for the particular situations in a given Member State. The guidelines provide large room for supervisory flexibility in implementation in terms of both the population of institutions addressed and the data templates applied.
The reporting and disclosure requirements are on the basis of these guidelines put forward strictly in the context of the COVID-19 pandemic, and are therefore expected to be time-limited.