EBA and Reporting Frameworks

EBA and Reporting Frameworks

The European Banking Authority (EBA) is an independent EU body responsible for ensuring effective supervision of the European banking sector. It issues proposals for a harmonized, standardized regulatory framework to govern banking activities across EU member states, aiming to establish a transparent and stable single market.

EBA facilitates centralized disclosure of supervisory data on EU banks, promotes cooperation among national authorities in the supervision of banking groups, and seeks to ensure fair treatment and protection of all consumers of financial products within the EU.

Currently, the reporting framework version 3.4 and the Implementing Technical Standards (ITS) on Pillar 3 public disclosures are in effect. In 2025, versions 4.0 and 4.1 are expected to be implemented, incorporating updates related to Supervisory Benchmarking (Risk Measure) CRR3/CRD6 and ART/EMT (Funds linked to cryptocurrencies or electronic tokens). Meanwhile, DPM 3.5 will come into force by the end of 2024, covering changes related to DORA and FICOD.

EBA Reporting Frameworks 3.3 and 3.4

The EBA reporting frameworks 3.3 and 3.4 introduce significant changes related to Interest Rate Risk in the Banking Book (IRRBB) and Environmental, Social, and Governance (ESG) reporting. Key changes compared to the previous version include:

• New ITS on supervisory reporting, replacing Regulation (EU) No 680/2014, introducing new reporting requirements and modifications in reporting on:
  • Own funds (including the backstop for non-performing exposures)
  • Credit risk and counterparty credit risk
  • Large exposures
  • Leverage ratio
  • Net stable funding ratio (NSFR)
  • FINREP
  • G-SII indicators
• Updated ITS on disclosure and reporting for MREL and TLAC
• Guidelines for FINREP and COREP
• Technical package for ITS on IRRBB reporting
• Validation rules to ensure data quality
• Data Point Model (DPM 3.4), including a database, dictionary, and data point table
• XBRL v3.0 (Phase 1 and Phase 2), facilitating standardized financial data exchange between institutions and regulators.

EBA Supervisory Reporting

The CCH Tagetik Wolters Kluwer solution for EBA Supervisory Reporting is a pre-configured solution that includes a comprehensive set of regulatory compliance tools banks need to meet reporting obligations for FINREP, COREP, Asset Encumbrance, Funding Plan, LCR, NSFR, ALMM, MREL, and IRRBB. By automatically populating reporting templates with EBA-compliant data, the burden of regulatory reporting is significantly reduced. The automated solution ensures compliance with strict deadlines efficiently.

EBA compliance is not just about generating reports—it encompasses the entire data collection and disclosure process for both the market and regulators. Wolters Kluwer provides a pre-packaged solution with a complete set of accounts, pre-built FINREP and COREP templates, diagnostic checks, calculation rules, consolidation logic, multi-GAAP support, and XBRL outputs.

CCH Tagetik’s built-in financial intelligence enables full EBA compliance:

• Automated data loading, collection, and mapping
• Built-in controls, diagnostics, and validations
• Intercompany reconciliation tools
• Support for multi-entity consolidation, including currency and ownership considerations
• Reconciliation with IFRS data to ensure consistency across FINREP/COREP and IFRS reports

From data collection to final disclosure, the EBA Supervisory Reporting solution provides all the capabilities, financial intelligence, and process governance needed to ensure compliance with FINREP, COREP, Asset Encumbrance, Funding Plan, LCR, NSFR, ALMM, MREL, and IRRBB.

The EBA Supervisory Reporting solution integrates seamlessly with all data sources and existing applications, offering a single platform for financial performance management. It also provides flexible configuration to meet specific regulatory and organizational needs.

Automated XML Generation for Bank of Slovenia Reporting

We also offer automated XML generation for supervisory reporting to the Bank of Slovenia. The solution is based on Excel-prepared templates, categorized by ITS modules and levels (individual, consolidated). With pre-configured metadata settings, a final XML file is generated and submitted via B2B protocol to the Bank of Slovenia.

Since the reporting files are structured by module, validation is limited to predefined code lists and, where necessary, includes calculations based on specific reporting segments.

At CRMT, we ensure that your solution remains fully aligned with evolving EBA regulatory requirements through ongoing maintenance and updates.

Achieve Compliance Faster:

✔ Easily map data from multiple sources
✔ Ensure FINREP and COREP reconciliation with IFRS reporting
✔ Collaborate efficiently with all stakeholders in a unified platform

Technology

Wolters Kluwer

CCH® Tagetik is consistently ranked among the leading solutions in financial planning, financial close, and consolidation, according to top global industry analyses.