On 23 June 2021, the European Banking Authority (EBA) issued a consultation proposing amending implementing technical standards (ITS) on supervisory reporting with regards to COREP and asset encumbrance reporting as well as the reporting for the purposes of identifying global systemically important institutions (G-SIIs).

The ITS have been developed in accordance with Article 430 of the Capital Requirements Regulation, which mandates the EBA to develop and specify uniform formats, definitions, frequencies and reference and remittance dates and IT solutions for the reporting to supervisory authorities.

The EBA expects to submit the draft ITS to the European Commission in Q4 2021 or Q1 2022. The revised requirements are envisaged to apply from the reference date 31 December 2022.

The deadline for comments on the consultation is 23 September 2021.