Implementing Technical Standards on supervisory reporting (simplification package)
- Status: Under consultation
The revised Implementing Technical Standards (ITS) on supervisory reporting aim to significantly simplify EU supervisory reporting by establishing a harmonised framework for institutions to report prudential data to competent authorities, thereby enabling effective supervision and the assessment of financial soundness across the EU. The proposed revisions aim to streamline and simplify reporting requirements, reflecting supervisory experience and recent regulatory, accounting and policy developments. They also incorporate targeted updates, including adjustments related to IFRS 18, the integration of ESG risks, and enhancements to specific areas such as liquidity, asset encumbrance and market risk reporting, while promoting greater efficiency and proportionality in the framework.
The ITS amending Commission Implementing Regulation (EU) 2024/3117 regarding Credit Risk and IFRS 9 Benchmarking reporting introduce revised templates regarding the Credit Risk (CR) and IFRS 9 of the Benchmarking exercise as required by Article 78 of Directive 2013/36/EU (CRD). Up to 2026, with reference date 31 December 2025, the Benchmarking templates for CR and IFRS 9 were included in a separate ITS (Commission Implementing Regulation (EU) 2016/2070). Starting from 2027, the EBA proposes to simplify and integrate the Benchmarking templates into the ITS on Supervisory Reporting as a separate module.
Efficient reporting: simpler, smarter, proportionate - the interactive pages provide easy reference, reading and understanding of the Consultation Paper and its modules
Opinion on the implementation of IFRS 18 in supervisory financial reporting
The EBA published an Opinion providing guidance on how institutions can report profit or loss information during the interim period between the first application date of IFRS 18 and the first application date of the amending Implementing Technical Standards (ITS) on supervisory financial reporting (FINREP) under consultation until 10 July 2026.
- Opinion on the implementation of IFRS 18 in supervisory financial reporting (FINREP) - interim period
- Final Report on draft ITS on the implementation of IFRS 18 in supervisory financial reporting (FINREP)
- Annex 2 (Finrep templates IFRS 18- Annex III) - Clean version | Track changes
- Annex 2 (Finrep templates IFRS 18- Annex IV) - Clean version | Track changes
- Annex 2 (Finrep instructions IFRS 18- Annex V) - Clean version | Track changes