CoRep

The European Banking Authority (EBA) published its final draft version of implementing technical standards (ITS) on supervisory reporting outlining the implementation of the common reporting (CoRep) framework according to the Capital Requirements Regulation (CRR) on 27 June 2013. The ITS were subsequently published in the Official Journal as Commission Implementing Regulation (EU) No 680/2014.

This regulation and the numerous amendments which followed detail the reporting requirements for own funds and capital requirements for all European institutions, including requirements for large exposures, total losses, risk positions collateralized by real estate (IP losses), and the Basel-III requirements with respect to short-term liquidity, stable refinancing, and gearing - the liquidity coverage ratio (LCR), additional monitoring metrics for liquidity (AMM), the net stable funding ratio (NSFR) and the leverage ratio.

Recent updates to CoRep through the EBA’s Reporting Framework 2.9 include changes with respect to the reporting of securitisations according to the new securitisation framework and the LCR according to the LCR amending act. The most recent EBA draft ITS on supervisory reporting (EBA/ITS/2020/07), to be implemented through Reporting Framework 3.0, consider reporting requirements of the CRR II and the Backstop Regulation and accommodate the CRR ‘quick fix’ (Regulation (EU) 2020/873) in light of COVID-19. Future reporting requirements will reflect the new market-risk reporting in Reporting Framework 3.1.

Regnology’s CoRep module provides institutions and groups the means to depict all essential reporting requirements requested by the supervisory authority according to CRR/CRD/securitisation framework in connection with the CoRep framework and the associated ITS.