On 2 December 2024, the European Banking Authority (EBA) published a final report containing draft Implementing Technical Standards (ITS) amending Commission Implementing Regulation (EU) 2021/2284 with regard to the reporting of information on certain K-factor requirements.

Commission Implementing Regulation (EU) 2021/2284 is being amended in light of the Capital Requirements Regulation 3 (CRR 3). The CRR 3 introduced, among others, a new framework for the determination of own funds requirement for credit valuation adjustment risk, and some amendments to the determination of own funds requirements for market risk by credit institutions, and an output floor. The EBA revised the ITS on supervisory reporting to reflect the changes introduced by the CRR 3. In light of the change in the framework applicable to credit institutions, and because of the formal links between the two ITS on reporting, the ITS on investment firms reporting and disclosures needs to be updated.

Next steps

In December 2024, the EBA will publish a technical package, which includes the data point modelling, validation rules and taxonomy, that shall be used by investment firms to submit this supervisory reporting information to supervisors.

The revised reporting requirements are expected to be applicable from 1 January 2025.