What is FINREP EBA?
What is FINREP EBA?
What is FINREP EBA?
EBA amends implementing technical standards on supervisory reporting with regard to financial information (FINREP)
What are EBA regulations?
The European Banking Authority (EBA) is a regulatory body that strives to maintain financial stability throughout the European Union’s (EU) banking industry. It was established in 2010 by the European Parliament, replacing the Committee of European Banking Supervisors (CEBS).
What is Corep and FINREP reporting?
While COREP is a capital reporting regime, FINREP is its financial counterpart. It is a framework given by EBA for reporting financial (accounting) information to the regulator which will be applicable to all Credit Institutions in the European Union.
What is DPM framework?
The DPM is a structured representation of the data, identifying all the business concepts and its relations, as well as validation rules. The XBRL Taxonomies presents the data items, business concepts, relations and validation rules described by the DPM in the technical format of an XBRL taxonomy.
What does Finrep stand for?
Financial Reporting
FINREP stands for Financial Reporting and is based on the International Financial Reporting Standards (IFRS); COREP stands for Common Reporting of the solvency ratio and is based on the Capital Requirements Directive (CRD).
What is Srep ECB?
This activity is called the Supervisory Review and Evaluation Process, or SREP, and its purpose is to allow banks’ risk profiles to be assessed consistently and decisions about necessary supervisory measures to be taken.
Who does the EBA regulate?
Overview. The EBA is the EU agency tasked with implementing a standard set of rules to regulate and supervise banking across all EU countries. Its aim is to create an efficient, transparent and stable single market in EU banking products.
What does EBA mean?
EBA
| Acronym | Definition |
|---|---|
| EBA | Employee Benefit Adviser (online magazine) |
| EBA | Economics & Business Administration (various schools) |
| EBA | Euro Banking Association |
| EBA | English Bowling Association |
What does FINREP stand for?
Who needs to report COREP?
The FSA has mandated that all regulated organizations in the UK use COREP to make their regular statutory reports from 1 July 2013 (subject to change). COREP will apply to all firms who are regulated under BIPRU, the FSAs prudential sourcebook for Banks, Building Societies and Investment Firms.
What is EBA DPM?
The Data Point Model (DPM) is a data dictionary encompassing the harmonised data requirements developed by the EBA and included in its Technical Standards and Guidelines.
What is liquidity reporting?
Liquidity Report means a report signed by the Chief Financial Officers of the Borrower, in form and substance satisfactory to the Agent in Agent’s Discretion, which sets forth Liquidity and such other information related thereto as requested by the Agent in Agent’s Discretion.
What are the regulatory reporting requirements for Finrep?
FINREP is the reporting framework for certain credit institutions, banks, and investment companies. They would have to be listed on a stock exchange, make use of International Financial Reporting Standards (IFRS), and subjected to CRD IV (the fourth version of the CRD mandate).
When does the implementing act for Finrep apply?
The Implementing Act, which is based on the final draft ITS on supervisory reporting submitted by the EBA in November 2016, was adopted by the Commission on 29 June 2017 and its publication in the EU Official Journal is still pending. The amended requirements will apply as of 1 March 2018 (reporting framework v2.7).
What are the regulatory reporting requirements for EBA?
EBA’s regulatory reporting requirements also include Asset Encumbrance, wherein the objective is to effect a sole measure for the same across organizations. They also consist of funding plans for financial bodies and benchmarking of internal models in the form of Supervisory Benchmarking Portfolios.
What are implementing technical standards on amendments to Finrep?
The European Banking Authority (EBA) acknowledged the adoption by the European Commission of the Implementing Act amending Regulation (EU) No 680/2014 (Implementing Technical Standards on Supervisory Reporting) with regard to financial reporting (FINREP) following the changes in the International Accounting Standards (IFRS 9).