CRR: Commission Implementing Regulations published in Official Journal

Two Commission Implementing Regulations which amend Implementing Regulation 680/2014 under the Capital Requirements Regulation (CRR) have been published in the Official Journal.

Commission Implementing Regulation 2016/322 lays down ITS with regard to supervisory reporting of institutions of the liquidity coverage requirement (LCR) and includes new templates and instructions to assist credit institutions to capture the necessary LCR items and to ensure proper supervisory reporting of the LCR. The Regulation enters into force on 30 March 2016 and will apply from 10 September 2016.

Commission Implementing Regulation 2016/313 amends Implementing Regulation 680/2014 with regard to additional monitoring metrics for liquidity reporting. The Regulation follows publication of an opinion by the EBA, which set out the EBA's acceptance of the proposed amendments with the exception of those relating to the reporting of liquid assets and expected cash outflows and inflows (the maturity ladder). Having assessed the EBA's opinion, the Commission has decided to proceed with amending the ITS to be aligned with the definitive approach set out in Commission Delegated Regulation 2015/61. The Commission has called on the EBA to update the maturity ladder to align with Delegated Regulation 2015/61 as soon as possible. In the interim, where justified, supervisors may seek additional reporting not provided for by the Implementing Regulation. The Regulation enters into force on 25 March 2016.