ITS on Supervisory Reporting amendments with regards to COREP securitisation

Status: Under development

The proposed changes to the ITS amending Regulation (EU) No 680/2014 on Supervisory Reporting aim at aligning the reporting of securitisations with the new EU securitisation framework - the Securitisation Regulation (Regulation (EU) No 2017/2402) and the Regulation (EU) No 2017/2401 amending the CRR.

Consultation on ITS on Supervisory Reporting amendments with regards to COREP securitisation (EBA/CP/2018/14)

Summary
28/08/2018

EBA publishes consultation paper on COREP - securitisations

The European Banking Authority (EBA) launched today a public consultation on amendments to the Implementing Technical Standards (ITS) on COREP – securitisations 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 27 November 2018. 
 
A new EU securitisation framework came into force in January 2018. This includes the Securitisation Regulation (Regulation (EU) No 2017/2402) and the Regulation (EU) No 2017/2401 amending the CRR containing targeted amendments to the CRR with regards to securitisation. The proposed amendments to the ITS on supervisory reporting aims to integrate the changes in the new securitisation framework and, at the same time, to ensure consistency between reporting and disclosure requirements.

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 27 November 2018.
 
The public hearing for the ITS will take place at the EBA premises on 3 October 2018 from 11:30 to 13:00 UK time. All contributions received will be published following the close of the consultation, unless requested otherwise.

Legal basis and next steps

These draft ITS have been developed in accordance with Article 99(5) of Regulation (EU) No 575/2013 which mandates the EBA to develop uniform formats, definitions, frequencies and reference and remittance dates and IT solutions.
 
The EBA expects to submit these revised draft ITS to the European Commission in April 2019. The application of the revised requirements will be in March 2018, with the first reporting reference date as of 31 March 2020. In September 2018, the EBA will publish draft Data Point Models (DPM) on the proposed changes to COREP reporting.