The EBA Published Guidelines on Reporting and Disclosure of Exposures Subject to COVID-19 Crisis

June 02, 2020 – The Guidelines have been developed to deliver data related to the legislative measures applied in response to the COVID-19 crisis in order to ensure an appropriate understanding of institutions’ risk profile and the asset quality on their balance sheets.

As a coordinated approach to the collection of information on the payment moratoria to the existing loans and public guarantees to new lending in the context of COVID-19, European Banking Authority (EBA) is introducing additional reporting and disclosure templates.

Reporting should be performed on a quarterly basis, with the first reference date of 30 June 2020, and for an expected period of 18 months. Disclosure should be performed semi-annually on 30 June and 31 December.

To support reporting based on these guidelines, the EBA will provide technical package, covering validation rules, the data point model (DPM) and the XBRL taxonomy and will fully integrate the new reporting into the EBA reporting framework. To reduce the costs for institutions and national competent authorities, the EBA will include the technical documents of the new reporting requirements as a separate module within the planned release of 2.10 phase 2 in June 2020.

The reporting and disclosure requirements are in the context of the COVID-19 crisis and are therefore expected to be time-limited.

National competent authorities should require credit institutions to report the data in a format that enables transfer and aggregation at national and EU levels, and utilize the confidentiality of information.

In Member States where no relevant measures have been implemented due to COVID 19, such as moratoria on loan repayments or public guarantee schemes applied on new loans, credit institutions in these jurisdictions do not have to report or disclose such information.

For more information please visit: The European Banking Authority

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