The EBA publishes its plan for the implementation of the data point model 2.0
The European Banking Authority (EBA) published today its plan for the implementation of the data point model (DPM) 2.0 related to its reporting release 4.0 framework, with the objective of moving towards a more integrated regulatory reporting.
Following the publication of the new DPM data dictionary format in 2023, the EBA plans to implement the DPM 2.0 new model in 2024. The DPM 2.0 will bring several benefits: enhanced integration with more granular reporting, improved versioning of data definitions, and better definition of data relationships.
To facilitate the transition from DPM 1.0, the EBA envisages a transitional period for DPM 2.0 until December 2025. In addition, the DPM 2.0 sample database and related technical documentation were made available already in 2023.
The framework release 4.0 technical package will be published in December 2024 and a preliminary release will be available in October anticipating a very close to final version to all reporting institutions. Additionally, a new semantic glossary will be introduced with the release 4.0 when all the existing frameworks will be redefined to align with this new glossary. The reporting will change gradually in subsequent releases and the old DPM semantic data dictionary (old glossary included) will be discontinued from December 2025.
The XBRL new taxonomy architecture 2.0 will be incorporated for reporting from release 4.0, with a preliminary taxonomy version (not for use) available already in release 3.5. By reference date 31 December 2025, only xBRL-CSV reporting format will be allowed to be received by the EBA.
The EBA continues to offer in each new release the technical packages with the standard specifications, including validation rules, the Data Point Model (DPM), and exchange taxonomies to support amendments to EBA reporting and disclosure requirements.
Detailed information on each phase of the DMP 2.0 implementation
During the transitional period (2024-2025), both versions of the DPM metamodel, DPM 1.0 and DPM 2.0, will be available simultaneously. Significant effort has been made to ensure compatibility between the old and new formats to facilitate a smooth transition for all stakeholders in the reporting chain.
With the release of Reporting 4.0 (first reference date March 2025), the EBA will start publishing new and updated reporting frameworks in both DPM 1.0 and DPM 2.0 formats.
However, starting from the releases with reference date of December 2025, the EBA will exclusively publish in the new DPM 2.0 format. Therefore, for releases with a first reference date before December 2025, the EBA will publish in both DPM 1.0 and DPM 2.0 formats. For those with a first reference date from December 2025 onwards, only DPM 2.0 will be published.
The comprehensive changes introduced in Reporting Release 4.0 called for additional effort from everyone involved in reporting. Besides changes to reporting requirements stemming from the CRR3, release 4.0 will also incorporate the new glossary produced by data quality review, and all the modules will be updated with this new glossary. To speed up and facilitate this process, the EBA will release a preliminary version of the technical package in October, two months before the final version that is scheduled for publication in December 2024.The preliminary publication of Reporting release 4.0 will include all elements usually shared by the EBA to validate the technical package and referring the DPM 1.0. The same data will be defined also in DPM 2.0 which will be published only three weeks later, some additional preparatory work for the new data dictionary.
The EBA is currently conducting a quality review of its DPM data dictionary definitions to improve its semantic glossary, and the way the latter is used to define the reporting variables included in EBA regulatory frameworks. The EBA plans to implement the new glossary with the release of the reporting framework 4.0.
In December 2024, with the publication of release 4.0, all EBA frameworks will reference the new semantic glossary and all modules not within the scope of 4.0/4.1 releases should be applied from December 2025. After this period, all reporting will exclusively use the new semantic glossary.
The taxonomy produced in reporting release 4.0 will follow architecture 2.0. This new architecture will also be published in reporting release 3.5, alongside current xBRL architecture 1.0, used in the reporting chain. The purpose of the 3.5 publication is to allow users to compare and prepare for the new architecture from release 4.0.
Starting from reference dates of December 2025, EBA plans to accept only xBRL-CSV reporting format. To assist users in preparing for this change, EBA has included JSON metadata to support this format in its taxonomies since release 3.1.
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Franca Rosa Congiu