COREP

The European Banking Authority (EBA) published its final draft version of implementing technical standards (ITS) on supervisory reporting outlining the implementation of the common reporting (COREP) framework according to the Capital Requirements Regulation (CRR) on 27 June 2013. The ITS were subsequently published in the Official Journal as Commission Implementing Regulation (EU) No 680/2014.

This regulation and the numerous amendments which followed detail the reporting requirements for own funds and capital requirements for all European institutions, including requirements for large exposures, total losses, risk positions collateralized by real estate (IP losses), and the Basel-III requirements with respect to short-term liquidity, stable refinancing, and gearing - the liquidity coverage ratio (LCR), additional monitoring metrics for liquidity (AMM), the net stable funding ratio (NSFR) and the leverage ratio.

Recent updates to COREP through the EBA’s Reporting Framework 2.9 include changes with respect to the reporting of securitisations according to the new securitisation framework and the LCR according to the LCR amending act. The most recent EBA draft ITS on supervisory reporting (EBA/ITS/2020/07), to be implemented through Reporting Framework 3.0, consider reporting requirements of the CRR II and the Backstop Regulation and accommodate the CRR ‘quick fix’ (Regulation (EU) 2020/873) in light of COVID-19.  Market-risk reporting was then advanced through Reporting Framework 3.1. Later EBA releases have continued this evolution, including the CRR3/CRD6 implementation roadmap.

The next major wave of COREP change is set out in Reporting Framework 4.4, which is being delivered in two phases. Phase 1, with the final technical package published on 12 October 2026, focuses on IFRS 18 FINREP, Pillar 3 disclosures, AMLA templates, and technical corrections. The broader CRR3/CRD6 step-2 supervisory reporting changes for COREP are planned for Phase 2 (4.4.1), expected in early 2027, with a first reference date of September 2027.

Phase 2 COREP-relevant updates are expected to include own-funds and operational-loss reporting, large exposures to shadow banking, expanded FRTB reporting, simplification of leverage-ratio and LCR templates, and the integration of regular stress-testing data. Related supervisory benchmarking for market risk is expected with a first reference date towards the end of June 2027.

Regnology’s COREP module provides institutions and groups the means to depict all essential reporting requirements requested by the supervisory authority according to CRR/CRD/securitisation framework in connection with the COREP framework and the associated ITS.