16 April 2014
The European Banking Authority (EBA) issued a list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that as a consequence, data submitted in accordance with these Implementing Technical Standards (ITS) should not be validated against the published set of incorrect rules.
The EBA announced that some initial tests based on real data from reporting firms, as well as some answers to questions submitted via the EBA Q&A tool, showed that several validation rules in its Implementing Technical Standards (ITS) on supervisory reporting were incorrect. As more real data will become available in the near future, the list of incorrect validation rules is expected to increase too.
The EBA will publish updated versions of this list well in advance of the remittance date for Q1 2014 data, which is 30 June 2014.
ITS validations rules in reporting solutions explain logical relationships between data points (i.e. cells of reporting templates) and result in validation reports on the formal correctness and quality of data.
Updated validation rule files are available on the EBA website under "Related documents" in the Supervisory Reporting section.