On August 28, the European Banking Authority (EBA) published a consultation paper on amendments to the Commission Implementing Regulation (Implementing Regulation) containing implementing technical standards on supervisory reporting (ITS), relating to the new securitizations framework, which came into force in January.

The ITS set out the common reporting framework relating to capital requirements, own funds and liquidity reporting by credit institutions and investment firms that are subject to the Capital Requirements Regulation (CRR). They aim to collect information on credit institutions’ and investment firms’ compliance with prudential requirements under the CRR and related technical standards.

The EBA is proposing amendments to the Implementing Regulation to integrate changes in the new securitizations framework, and to foster consistency between reporting and disclosure requirements. It is also proposing amendments to reflect national competent authorities’ ability to monitor and assess firms’ risk profiles, and to obtain a view on the risks posed to the financial sector.

The deadline for responses is November 27, The EBA expects to submit the final draft of the ITS to the European Commission in April or May 2019. It foresees the first reference date for the application of the ITS to be on March 31, 2020, with an implementation period of approximately one year.

The proposed revisions to Annexes 1 and II of the ITS are available here.

The consultation paper is available here.