EBA issues revised list of ITS validation rules
The European Banking Authority (EBA) has issued a revised list of the validation rules included in its Implementing Technical Standards (ITS) on supervisory reporting. It highlights those that have been deactivated either for incorrectness or for triggering IT problems, and notes that these should no longer be used to assess submitted data.
Validation rules are used to check data quality and highlight possible issues. As issues emerge within this complex set of rules, the EBA usually releases its updated list of ITS validation rules each quarter, most recently on 10 June. It has made this exceptional publication outside its usual calendar due to substantial changes brought about with the release of its new reporting framework 3.0, including rules that need to be deactivated until further amendments can be provided.
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