This week the European Banking Authority (EBA) published its final draft Implementing Technical Standards (ITS) on reporting requirements for market risk. They are expected to take effect in September 2021 as part of v.3.1 of the EBA reporting framework. The requirements include a thresholds template, providing insights into the size of institutions’ trading books and the […]
National economies and the global economy are relying on central banks more than perhaps they ever have, with a host of emergency funding mechanisms in place right around the world. Central banks run on data. This week the European Banking Authority (EBA) published the next update to the package of reporting rules that comprise Phase […]
The European Banking Authority (EBA) has published a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting. Rules that have been deactivated either for incorrectness or for triggering IT problems have been highlighted. The EBA notes that data submitted in accordance with these ITSs should not be formally validated against […]
The European Banking Authority (EBA) recently published an updated list of validation rules and related XBRL taxonomy with the aim of improving data quality for reporting framework v 2.9. The updates include new and amended validation rules, severity status changes and new deactivations/reactivations of validation rules. It will help ensure reported data is accurate and […]
A recent European Banking Authority (EBA) report outlines key challenges relating to the increased adoption of big data and advanced analytics. Big data and advanced analytics – including machine learning – are increasingly prevalent in the banking industry, with their use only set to expand in future. Two-thirds of credit institutions surveyed by the EBA […]
European banks are seeking clarification on the European Banking Authority’s (EBA’s) e-money transaction and reporting regulations. Following an EBA workshop, banks from nine European countries have endorsed a note requesting clarification on the definition of e-money transactions and the related reporting requirements. EBA’s guidelines on fraud reporting under PSD2 require banks to report fraudulent e-money […]
This week the European Banking Authority (EBA) launched a public consultation on specific supervisory reporting requirements for market risk. These reporting requirements form the first part of the Fundamental Review of the Trading Book (FRTB) introduced by the revised Capital Requirements Regulation (CRR2) in the prudential framework of the EU. This consultation paper includes proposals […]
On November 5 the European Banking Authority (EBA) published an updated version of data point model 2.9.1, the accompanying taxonomy, and an updated list of validation rules. Updates to the reporting framework will take effect at different dates dependent on regulatory requirements. Find the updates and all related files here.
The European Banking Authority (EBA) have pushed back the deadline for the migration to Strong Customer Authentication (SCA) standards across Europe until 31 December 2020, giving national authorities a 15-month extension to implement the new rules. EBA have acknowledged a lack of clarity around the complex requirements and the importance of a harmonised approach across […]
The European Banking Authority (EBA) have published a report calling on the European Commission to improve conditions for cross-border banking and payments services within the EU. The report identifies two main impediments to cross-border banking and payments reaching their full potential in Europe. Firstly, clearer communications are needed to better identify when a digital activity […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
