FINREP

The EBA has continually refined its implementing technical standards (ITS) on supervisory reporting with regard to financial reporting (FINREP). The objective of the ITS is to contribute to the stability of the financial markets, through the obligation to report financial information resulting from Article 99 of the Capital Requirements Regulation (CRR), which calls for the harmonization of regulatory requirements across Europe as well as the provision of a detailed overview of institution-specific risk profiles.

Over the past years, FINREP requirements have expanded from the consolidated level of “significant supervised groups” to include individual “significant supervised entities and subsidiaries”, driven by the ECB’s Regulation (EU) 2015/534. This extension of reporting (“FINREP Solo”) was completed when “less-significant” banking operations became subject to FinRep reporting, starting from 30 June 2017.

Recent amendments to FINREP come from Reg (EU) 2017/1443, which introduces the concept of expected losses with International Financial Reporting Standards 9 Financial Instruments (IFRS 9), and from Reg (EU) 2020/429, which amends/adds reporting of non-performing and forborne exposures, of profit or loss items (especially concerning expenses), and on leases according to the new IFRS 16.

The next major accounting-driven change is IFRS 18 Presentation and Disclosure in Financial Statements. In Reporting Framework 4.4 Phase 1 (final technical package published 12 October 2026), the EBA delivers a new FINREP module with IFRS 18-aligned income and expenses templates. Institutions should use this module together with the related EBA Opinion. Authorities may also allow voluntary earlier application ahead of the mandatory first reference date of March 2027.

The same Phase 1 package covers ECB data collection on selected FINREP datapoints for less significant institutions (LSIs). That data is collected by the ECB, not by the EBA.

For a practical bank-focused walkthrough, see Regnology’s guide to IFRS 18 accounting changes.

One challenge of FINREP is the ever-growing data volume. Another challenge is maintaining data consistency and availability. These regulations require effective processes and system landscapes as well as the integration of reporting and accounting.

Regnology Reporting Hub covers all financial reporting requirements of the EBA and ECB.