CRR: EBA publishes final draft ITS on supervisory reporting and consults on reporting of prudent valuation information

The EBA has published final draft ITS on supervisory reporting under the CRR, which set out proposals for minor amendments to Commission Implementing Regulation 680/2014 in relation to reporting templates and instructions, which were deemed necessary to reflect published answers to the Single Rulebook Q&As, to align with disclosure requirements for capital buffers as well as to correct legal references and other clerical errors. The EBA has not conducted an open public consultation on the proposals as the changes do not involve significant changes in substantive terms. Given the scope of the changes, the EBA has replaced the relevant Annexes in their entirety and has published the final draft versions in the draft ITS. The EBA expects the amendments to be applicable for the reporting reference date of 31 December 2016.

The EBA has also launched a consultation on further proposed amendments to Implementing Regulation 680/2014 relating to the inclusion of prudent valuation into the Guidelines on Common Reporting (COREP), in particular:

• new requirements as regards the reporting of information on prudent valuation; and
   
• supplementary requirements as regards the reporting of credit risk information.

Comments to the consultation close on 30 March 2016.