EBA consults on new regulatory reporting requirements for institutions

A new banking regulatory package has come into force on 28 June 2019. The package consists of Directive (EU) 2019/878 and Regulation (EU) 2019/876, which aim at enhancing the capital and liquidity positions of EU institutions, as well as proportionality, the requirements being further adjusted to the institutions’ size, risk and systemic importance.

EBA has increased the consistency between the reporting and disclosure requirements, mostly based on the standardization of formats and definitions to facilitate compliance with both requirements. Institutions will use the same data, hence, the quality of disclosed information will be improved, as they will be subject to scrutiny by the supervisor through the reporting requirements.

This article provides further insight on the proposed standards covering the changes of reporting requirements on a topic by topic basis.