On 14 December 2023, the European Banking Authority (EBA) issued a consultation paper containing draft implementing technical standards (ITS) amending Commission Implementing Regulation (EU) 2021/451 on supervisory reporting referred to in Article 430(7) of the Capital Requirements Regulation (CRR) concerning the output floor, credit risk, market risk and the leverage ratio.
The EBA has issued this consultation paper to consult on the changes to the current reporting framework as regards the output floor, credit risk, market risk and the leverage ratio that derive from the implementation of the Basel 3 reforms in the CRR 3. Reporting requirements for operational risk reflecting the CRR 3 are not covered by the consultation paper but will be consulted on together with some policy products at the beginning of 2024. The EBA intends to bring together the reporting requirements that are now being consulted on and those on operational risk in the finalisation of the draft ITS upon their publication and submission to the European Commission. The remaining impacts of the CRR 3 and the Capital Requirements Directive 6 in reporting will be implemented in a separate consultation paper which is expected in Q4 2024.
The deadline for comments on the consultation paper is 14 March 2024.