On 24 June 2020, the PRA issued a statement regarding the European Banking Authority (EBA) guidelines to address gaps in reporting data and public information in the context of COVID-19 (EBA guidelines).

The PRA states that it does not consider it necessary at this time to extend the supervisory reporting elements of the EBA guidelines. Firms are therefore not expected to prepare or transmit to the PRA the reporting templates contained within the EBA guidelines. The PRA is considering how the disclosure elements of the EBA guidelines are to be applied in a manner reflecting both the proportionality measures in the EBA guidelines and also the letter from Sam Woods to UK deposit-takers on the IFRS 9 and capital requirements aspects of initial and further payment deferrals and FCA guidance. The PRA will provide further details in due course.