ECB and EBA update the classification system for their reporting frameworks
The European Central Bank (ECB) and the European Banking Authority (EBA) published today a third version of the classification system that links their respective reporting frameworks. This common system, which will support EU banks in their reporting exercise to both the EBA and the ECB, supersedes the second version published in March 2012 and aims at providing a better understanding of the links between the two different reporting frameworks of the ECB and the EBA, while creating synergies between datasets that were originally designed for different purposes.