What are Corep returns?
Common Reporting (COREP) is the standardized reporting framework issued by the European Banking Authority (EBA) for the Capital Requirements Directive reporting. It covers credit risk, market risk, operational risk, own funds and capital adequacy ratios.
What is Finrep and Corep?
While COREP is a capital reporting regime, FINREP is its financial counterpart. It is a framework given by EBA for reporting financial (accounting) information to the regulator which will be applicable to all Credit Institutions in the European Union.
What is EBA taxonomy?
The European Banking Authority (EBA) launched today a consultation on a revised version of its XBRL Taxonomy for supervisory reporting, which incorporates additional reporting requirements for asset encumbrance, non-performing exposures and forbearance.
What are EBA validation rules?
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.
What is Corep regulatory reporting?
Common Reporting (COREP) refers to the standardised regulatory reporting framework across the EU initiated by the Committee of European Banking Supervisors (CEBs) and their successor, the European Banking Authority (EBA). All IFPRU Firms are subject to COREP on a solo as well as a consolidated basis.
What is IFR and IFD?
On 16 April, the European Parliament adopted in Plenary a Regulation on the prudential requirements for investment firms (IFR) and a Directive on the prudential supervision of investment firms (IFD). IFR/IFD introduces a new prudential regime for certain investment firms, tailored to their activities and asset size.
How often is Corep reporting?
COREP covers reporting upon a firm’s own funds and capital requirements and must be undertaken on a quarterly basis to the FCA’s COREP Reporting Deadlines. COREP – or Common Reporting – covers the capital requirements and own funds reporting based on Directives 2006/48/EC and 2006/49/EC.
What is Finrep EBA?
The EBA has continually refined its implementing technical standards (ITS) on supervisory reporting with regard to financial reporting (FinRep). These regulations require effective processes and system landscapes as well as the integration of reporting and accounting.
How often is COREP submitted?
What is an Ifpru firm?
IFPRU applies to a collective portfolio management investment firm that is an IFPRU investment firm in parallel with IPRU(INV) 11 (see IPRU(INV) 11.6). (2) Generally, IFPRU only applies to a collective portfolio management investment firm’sdesignated investment business (excluding managing an AIF and ).
Who is FINREP submitted to?
FINREP applies to banks and investment firms that are: Listed on a recognised stock exchange. Prepare their financial statements in accordance with International Financial Reporting Standards (IFRS); and. Subject to CRD IV (all credit institutions and some investment firms)
When does the EBA publish the DPM for COREP-LCR?
COREP-LCR: review based on the coming new LCR delegated act. In September, the EBA will publish draft Data Point Models (DPM) on the proposed changes to COREP, FINREP and LCR reporting. All contributions received will be published after the consultation closes, unless requested otherwise.
What do you need to know about the EBA reporting framework?
EBA reporting frameworks. This page provides an overview of supervisory reporting requirements and gathers the technical information related to the Validation rules, the EBA Data Point Model(s) (DPM) as well as the XBRL Taxonomies. The objective is to provide a comprehensive overview of the reporting requirements applicable for each reference date.
When is the first reporting date for COREP?
Please click here for more information. The first reporting reference date will be 31 March 2020 for COREP changes, 30 April 2020 for changes regarding liquidity (LCR and ALMM) and 31 December 2019 for resolution planning.
Is there a public consultation on COREP LCR?
The European Banking Authority (EBA) launched today a public consultation on amendments to the Implementing Technical Standards (ITS) on COREP LCR reporting.
