The European Banking Authority (EBA) has opened public consultations on revised Implementing Technical Standards for EU supervisory reporting and for supervisory benchmarking, setting out a simplification package intended to reduce reporting burden for banks while maintaining the information needed for supervision. The package would better align requirements with supervisory needs and reduce the number of data points in EU-harmonised reporting by around 50%, while adding new elements linked to IFRS 18, environmental, social and governance (ESG) reporting and the Fundamental Review of the Trading Book (FRTB). The proposals include stronger proportionality for small and non-complex institutions (SNCIs), including a ‘core plus supplement’ approach, adjustments to reporting frequency and scope, and improved alignment of definitions and qualitative elements. Separate EU-wide stress test and supervisory benchmarking collections would be integrated into regular reporting, and the EBA plans an EU-wide public repository of European and national supervisory data requests alongside guidance on data-request best practices; the package also includes an overview of national data collections and simplification efforts by competent authorities. For credit risk and IFRS 9 benchmarking, the update would reflect changes to Article 78 of Directive 2013/36/EU and, once integrated into the supervisory reporting ITS, remove the related requirements from the ITS on benchmarking of internal models. The EBA indicated the changes would apply from September 2027. Comments are due by 10 July 2026, except for IFRS 18-related FINREP changes where the deadline is 10 May 2026; the EBA also scheduled public hearings on 5 May 2026 (supervisory reporting) and 24 June 2026 (supervisory benchmarking), plus a workshop on 4 June 2026.
European Banking Authority 2026-04-10
European Banking Authority launches consultation on a major simplification of EU supervisory reporting including a 50% cut in data points
The European Banking Authority has launched consultations on a simplification package revising Implementing Technical Standards for EU supervisory reporting and benchmarking, aiming to cut harmonised reporting data points by around 50% while adding elements linked to IFRS 18, ESG reporting and the Fundamental Review of the Trading Book. The proposals introduce stronger proportionality for small and non-complex institutions, integrate EU-wide stress test collections into regular reporting, and envisage an EU-wide public repository of supervisory data requests. The changes are intended to apply from September 2027.