Consultation on ITS on Supervisory Reporting amendments with regards to COREP LCR (EBA/CP/2018/12)

Start date: 28/08/2018 | Deadline: 26/10/2018 | Status: Closed | Permanent link

EBA publishes consultation paper on LCR reporting

The European Banking Authority (EBA) launched today a public consultation on amendments to the Implementing Technical Standards (ITS) on COREP LCR reporting. The proposed changes, which are part of the EBA reporting framework 2.9, aim to keep reporting requirements in line with changes in the regulatory framework and with the evolving needs for Supervisory Authorities' risk assessments. This public consultation will run until 26 October 2018. 
The European Commission adopted and published on 13 July 2018 the draft Delegated Act amending the Commission Delegated Regulation with regards to the Liquidity Coverage Requirement (‘LCR’) for credit institutions. This LCR amending Act triggers some changes in the calculation of the LCR, which calls for a subsequent update of the ITS on LCR reporting to capture the necessary elements for its calculation and monitoring. 

Consultation process

Comments to this public consultation can be submitted to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 26 October 2018.
The public hearing for the ITS will take place at the EBA premises on 10 October 2018 from 11:00 to 12:30 UK time. All contributions received will be published following the close of the consultation, unless requested otherwise.

Legal basis and next steps

The draft ITS have been developed according to Article 415(3)(a) of Regulation (EU) No 575/2013, which mandates the EBA to develop uniform formats and IT solutions with associated instructions for frequencies and reference and remittance dates for the purpose of liquidity reporting. 
The EBA intends to submit these revised draft ITS to the European Commission after the final LCR amending Act is published in the Official Journal. The EBA expects to submit these revised draft ITS to the European Commission in April 2019. The first reference date of the revised LCR reporting requirements is proposed to be the first end month date after the date of application of the final LCR amending Act .
In September 2018, the EBA will publish draft Data Point Models (DPM) on the proposed changes to LCR reporting.