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Supervision release 1 December 2016 – 78/2016

Changes to ITS-based supervisory reporting for the financial sector at the turn of the year

The European Commission issued on 18 August 2016 Implementing Regulation (EU) 2016/1702 amending Implementing Regulation (EU) No 680/2014 concerning the templates and instructions for COREP reporting.

The Regulation applies as of 1 December 2016 and the first reporting reference date is 31 December 2016. The Regulation is binding in its entirety and is directly applicable in all Member States.

Renewed reporting of relevant credit exposures (COREP)

In reporting of relevant credit exposures, table C 09.03 “Breakdown of total own funds requirements for credit risk of relevant credit exposures by country (CR GB 3)” has been replaced by table C 09.04 “Breakdown of credit exposures relevant for the calculation of the countercyclical buffer by country and institution-specific countercyclical buffer rate (CCB)”.

The new table C 09.04 is implemented in order to receive more information regarding the elements of the institution-specific countercyclical buffer. The information requested refers to the own funds requirements determined in accordance with Part Three, Title II and Title IV of the Capital Requirements Regulation (CRR) and the geographical location for credit exposures, securitisation exposures and trading book exposures relevant for the calculation of the institution-specific countercyclical capital buffer (relevant credit exposures) in accordance with Article 140 of the Capital Requirements Directive (CRD).

There are also small changes to tables C 07.00 “Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA)” and C 09.01 “Geographical breakdown of exposures by residence of the obligor (SA exposures) (CR GB 1)”.

Other changes

Some minor changes have also been made to data collections FINREP, funding plans (FP), asset encumbrance (AE) and supervisory benchmarking portfolios (SBP). More information on these is available on the EBA’s website.

For further information, please contact

  • Marika Männistö, marika.mannisto(at)fiva.fi, Analyst, tel. +358 10 831 5545
  • Tülin Bedretdin, tylin.bedretdin(at)fiva.fi, Risk Specialist, tel. +358 10 831 5429