European Central Bank amends FINREP reporting to add nine data points for credit risk assessment of less significant institutions

The European Central Bank’s Governing Council has amended the ECB FINREP Regulation to incorporate nine additional supervisory financial reporting data points into the FINREP data point reporting framework. The update is intended to strengthen the supervisory assessment of credit risk and support application of the revised Supervisory Review and Evaluation Process methodology for less significant institutions (LSIs) across all LSIs covered by the framework. The ECB FINREP Regulation applies a proportionality regime that extends certain financial reporting requirements to institutions outside the scope of the European Banking Authority’s FINREP implementing technical standards, which are limited to banking groups applying International Financial Reporting Standards. Under this approach, some LSIs report only a subset of data points using a smaller set of FINREP templates; the amendment adds new data points within that framework, including specified cells in templates F18 and F19. Publication in the Official Journal is expected by the end of September 2025, and the amended requirements will apply to LSIs under the FINREP data point reporting framework with a first reporting reference date of December 2025. The corresponding taxonomy for supervisory financial reporting data points is also expected to be published on the ECB’s website by the end of September 2025.