In June 2023, the European Banking Authority (EBA) published the technical package for phase 1 of version 3.3 of its reporting framework.
A month later in July, the EBA published the technical package for phase 2 of 3.3 reporting framework. The technical package provides standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for this phase of version 3.3.
Access the technical documents here.
The modifications are impacting reporting by credit institutions, investment firms, management companies, custodians and authorized alternative investment fund managers.
The EBA reporting framework release 3.3 consists of three packages and includes the following new and amended reporting requirements:
Expected first reference date: December 2023
Integration of a subset of Pillar 3 disclosure templates in preparation for the Pilot of the Pillar 3 Data hub project. Only a small number of institutions are included in the pilot.
As mentioned in EBA’s Work Programme for 2023, the mandate for the EBA to establish a Pillar 3 data hub determined by the Capital Requirements Regulation (CRR 3) proposal and also anticipated on EBA’s Pillar 3 roadmap published in 2019, which will centralize public prudential disclosures for all EU institutions, in order to further promote comparability of public prudential information and market discipline and facilitate compliance with Pillar 3 requirements by smaller institutions. Further, the EBA Pillar 3 hub is expected to connect to ESAP (European Single Access Point) which covers all company disclosures.
Expected first reference date: December 2023
The reporting of Environmental, Social and Governance (ESG) data has been integrated into the DPM and taxonomy. Reporting in the XBRL format beings as from 31 December 2023 data on an ad hoc basis and concerns significant credit institutions.
The data belonging to the ad hoc reporting scope correspond in terms of content to the ESG disclosures under Pillar 3. This new XBRL reporting is more than a technical reporting format. It’s envisaged that standardization and quality of Pillar 3 information will be fostered by ensuring consistency and integration between Pillar 3 and supervisory reporting data.
After the entry into force of the Capital Requirements Regulation (CRR 3), ESG reporting will be extended to other credit institutions as well.
Expected first reference date: December 2023
In the DPM 3.3 version, the integration of EU IPU into the DPM and XBRL taxonomies has been made.
Expected first reference date: September 2023
Phase 2 of version 3.3 consists of the technical package supporting the supervisory benchmarking exercise 2024 (end-2023 data).
The package includes the new market risk and IFRS9 templates, and other amendments to the Supervisory Benchmarking Portfolios framework, as specified in the amending Implementing Technical Standards (ITS) for the 2024 benchmarking exercise.
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According to EBA, the framework v3.4, expected to apply from June 2024, will include the following amended reporting requirements:
- Amendment to the ITS on supervisory reporting to include the new reporting on Interest Rate Risk in the Banking Book (IRRBB).
- Amendments to the ITS on specific reporting requirements, introducing new reporting on the own funds requirements for market risk calculated based on the Fundamental Review of the Trading Book (FRTB) framework.
- A comprehensive revision of the reporting ITS on resolution planning.
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