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The European Banking Authority (EBA) published today a new XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will have as reference date 31 December 2014 onwards and will be used for the first reports on asset encumbrance and funding plans. The new taxonomy presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) which are contained in the ITS on supervisory reporting and in the EBA Guidelines on definitions and templates on funding plans.

These Guidelines propose harmonised definitions and templates for funding plans of credit institutions, with the objective of ensuring consistency in the way the reporting of funding plans is conducted.

The European Commission published today its Report on the operation of the European Supervisory Authorities (ESAs) and the European System of Financial Supervision (ESFS). The report recognises the overall effectiveness and efficiency of the three European Supervisory Authorities in contributing to restoring confidence in the financial sector and promoting the Single Rulebook. It also identifies areas where adjustments might be needed in order to improve and strengthen the functioning of the current institutional set up, also in light of the establishment of the Banking Union.

The European Banking Authority (EBA) disclosed today updated information on 64 European banks from 21 countries of the European Economic Area (EEA). The data covers the first half of 2013 and is based on 730,000 data points including capital, Risk Weighted Assets (RWAs) and sovereign exposures. Through this disclosure exercise, the EBA aims to promote greater understanding of capital positions and exposures of EU banks, thus contributing to market discipline and financial stability in the EU.