The EBA provides guidance to banks on enhanced reporting requirements for operational risk ahead of new June 2026 reference date

The European Banking Authority (EBA) today published clear guidance for banks on how to manage enhanced reporting requirements for operational risk, following the postponement of the first reference date under the amended Implementing Technical Standards (ITS). This move comes after the European Commission adopted Regulation (EU) 2025/2475, which delays the application of new operational risk reporting obligations to the end of June 2026.

Key points for institutions:

• Extended preparation period: Banks now have until the end of June 2026, rather than March 2026, to comply with the new reporting requirements, ensuring at least six months to adapt to the change after the Regulation enters into force.
• Guidance on reporting: the EBA clarifies that institutions should use the COREP OF module (release 4.2) for operational risk reporting. Templates C 16.02, C 16.03, and C 16.04 will not be required for the March 2026 reference date, and their first mandatory submission will be in June 2026. However, banks may choose to report these templates voluntarily from March 2026.
• Ongoing requirements: Institutions must still report template C 16.01 using the updated technical tables in release 4.2, but information on “other operating expenses” will not be required for March 2026.
• Updated instructions and other IT solutions: the EBA has published amended instructions for both reporting and disclosure of operational risk, correcting references and ensuring consistency. They shall apply starting with reference date end June 2026. These updates are available on the EBA website, along with translations in all EU languages. The “Overview of the IT solutions” file, which covers the reporting obligations by linking the Articles of the ITS with the ITS templates to be reported, has also been revised to help banks navigate the amended requirements.
• Support for implementation: the EBA will soon update its signposting tool to reflect the new obligations. The mapping tool, which links reporting and disclosure templates, has also been updated.

Next steps

Banks are encouraged to consult the latest instructions and tools on the EBA website to ensure a smooth transition to the new reporting framework. The EBA remains committed to supporting institutions with clear, timely guidance as they prepare for the enhanced operational risk reporting regime.