The European Central Bank has set out the Eurosystem’s main milestones for the Integrated Reporting Framework, which is intended to harmonise statistical reporting across euro area banks through a single standardised framework directly applicable to resident banks and to support broader EU data integration. Subject to adoption of the IReF Regulation, the timetable provides for a public consultation on the draft regulation in the second half of 2027, a one-year pilot phase starting in the second quarter of 2030, and the first official IReF reporting in the second quarter of 2031. The pilot will allow reporting agents to test whether they can meet the new IReF data requirements and is intended to address technical and operational issues before the first official transmission. Official reporting will be followed by a one-year parallel reporting phase, during which existing statistical reporting within IReF scope will continue alongside IReF reporting. The implementation approach will rely more heavily on EU-based technology solutions, including a European cloud. Ahead of the consultation, the banking industry will receive key information on IReF reporting requirements. The Eurosystem is also preparing a broader implementation plan covering methodological and technical details, changes to national collection frameworks, and how residual country-specific requirements will be modelled consistently with IReF. The ECB described IReF as a first tangible step toward integrating statistical, prudential and resolution reporting in the EU under work coordinated by the Joint Bank Reporting Committee.
European Central Bank2026-06-08
European Central Bank sets Integrated Reporting Framework milestones with pilot in 2030 and first reporting in 2031
The European Central Bank outlined the Eurosystem’s main milestones for the Integrated Reporting Framework, which will harmonise statistical reporting across euro area banks through a single standardised framework and support broader EU data integration. Subject to adoption of the IReF Regulation, the timetable foresees a public consultation in the second half of 2027, a one-year pilot from the second quarter of 2030, first official reporting in the second quarter of 2031, and a one-year parallel reporting phase. The ECB will provide banks with key information on IReF requirements, develop an implementation plan using EU-based technology solutions, and positions IReF as a first step toward integrating statistical, prudential and resolution reporting.