BR-AG | Senior Business Analyst, Practice Lead
The European Banking Authority (EBA) has published a technical package for version 3.5 of its reporting framework. This package includes essential specifications such as validation rules, the Data Point Model (DPM), and XBRL taxonomies, addressing various reporting requirements.
EBA reporting framework 3.5Â is expected to apply from 12/2024.
At BR-AG, we consistently track the latest updates and new reporting requirements, including new or revised validation rules for reporting standards, released by the EBA, European Insurance and Occupational Pensions Authority (EIOPA), Single Resolution Board (SRB) and other authorities, to comprehensively reflect them in our XBRL reporting tool.
The DPM 3.5 technical standard exceptionally includes certain data collections that will be reportable at a later date. Additionally, this release introduces a new format for the DPM data dictionary (DPM2.0) and adopts a new XBRL architecture, with an updated DPM Query Tool.
As mentioned, this package provides the standard specifications that include the validation rules, the Data Point Model (DPM) and the XBRL taxonomies to support the following reporting obligations:
- amendments to the technical standards on specific reporting requirements for the Fundamental Review of the Trading Book (FRTB);
- diversity benchmarking Guidelines;
- the cross-sectoral technical standards on the standard templates for the purposes of the register of information concerning all contractual arrangements on the use of ICT services provided by ICT third-party service providers under the Digital Operational Resilience Act (DORA);
- the amendments to the reporting and disclosure technical standards on minimum requirements for own funds and eligible liabilities and total loss-absorbing capacity (MREL/TLAC), following the final changes introduced by the co-legislators in the level 1 text.
Read more, here.Â
The amendments for FRTB reporting will become effective on January 1, 2026, after a recent postponement. The templates published now should not be used for reporting until the FRTB regulation enters into force.
The DORA-related technical standards are derived from drafts submitted to the European Commission (EC) earlier this year and will be revised to incorporate any changes made during the Commission’s review. Any further changes will be reflected by the EBA in subsequent releases.
These enhancements are expected to reduce compliance burdens for financial institutions and improve data consistency across the EU.
Providing our validation and reporting tool for EBA regulatory reporting, ATOME Particles, we know that our Customers can identify and meet new regulatory requirements easily – on time, every time.
By taking the heavy lifting out of your reporting process in the part of performing data validation – the tool ensures that data is accurate and correctly imported into XBRL format in a cost-efficient manner.
Book a meeting with our experts to see how ATOME Particles can streamline your XBRL reporting and ensure compliance with the latest EBA 3.5 requirements.
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