EBA issues amended technical standards on reporting of liquidity coverage ratio

The European Banking Authority (EBA) published today its updated Implementing Technical Standards (ITS) on supervisory reporting of liquidity coverage ratio (LCR) for EU credit institutions. The ITS include templates and instructions to update the LCR reporting framework following the Commission's adoption of the Delegated Act on the liquidity coverage requirement on 10 October 2014. As part of the EU Single Rulebook in the banking sector, these standards aim at harmonising reporting of the LCR across the EU by providing credit institutions with uniform templates and instructions.

The updated EBA final draft ITS on reporting on liquidity coverage ratio issued today include new templates and instructions for credit institutions so as to capture all the necessary LCR items and to adequately ensure a supervisory reporting of the LCR according to the Commission's Delegated Act. In addition, the ITS outline all the necessary steps needed for the calculation of the ratio.

These new templates and instructions will only be applicable to credit institutions and not to investment firms who will continue reporting the LCR items using the current instructions and templates. However, credit institutions will start reporting using the new instructions and templates only as of the application date of the amended technical standards, which will be specified in their final publication in the EU Official Journal.

For informative purposes only, the EBA is also publishing an excel-based "LCR calculation tool", which is not part of the ITS and, therefore, will not have any legal value for reporting purposes.

Validation rules, data point model (DPM) and XBRL taxonomies reflecting the amended templates are being finalised and will be published at a later stage.

Legal basis

These draft ITS have been developed to adequately reflect at the reporting level the specifications of the LCR introduced in the Commission's Delegated Act.

The draft ITS reflect the Single Rulebook at the reporting level and hence need to be updated whenever the Single Rulebook is updated. The Commission's Delegated Act on LCR constitutes a major update to the Single Rulebook as it provides in detail the liquidity coverage requirement for credit institutions.