The European Banking Authority (EBA) and the European Central Bank (ECB), two of the European Union regulators, have been driving a multi-pronged strategy to refine the supervisory reporting framework for banks. The recently announced updates from these regulatory bodies focus on improving the mechanics of reporting, enhancing resolution planning oversight, modernizing technical standards, and strengthening the FINREP framework for credit risk.
Draft reporting framework 4.2 and revised validation rules
The EBA issued a revised list of its validation rules and published a draft technical package for version 4.2 of its reporting framework, along with an enhanced DPM 2.0 glossary, with the final version of the package slated for publication in November 2025. The glossary standardizes terminology across the entire reporting framework, improving data consistency and reducing ambiguity in reporting instructions. The draft technical package also contains new validation rules, DPM, and XBRL taxonomies. The draft technical package for release 4.2 covers the following:
Resolution framework: Comprehensive revision of the implementing technical standards on resolution planning and for the identification and transmission of information on minimum requirements for own funds and eligible liabilities (MREL), by resolution authorities to the EBA
Operational risk: New reporting requirements for operational risk under the revised Capital Requirements Regulation (CRR3) and Directive (CRD6) within COREP
Market risk: Changes to supervisory benchmarking for market risk
Shift to semi-annual MREL reporting
To facilitate a more timely and consistent assessment of the resolvability of banks, the EBA has finalized draft amendments to the reporting framework for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). The reporting frequency for MREL decisions by resolution authorities is shifting from annual to semi-annual, with revised submission dates of September 16 for MREL data as of June 30 and March 18 for data as of December 31. The amendments also introduce new data fields to better capture the discretionary elements applied by resolution authorities when setting MREL, while simultaneously streamlining the framework by deleting redundant information. The final draft implementing technical standards are expected to become applicable for resolution authorities with a reference date of December 31, 2025, following their publication in the Official Journal of the European Union.
Revisions to FINREP regulation
In parallel with the EBA reporting framework updates, the ECB is amending the FINREP regulation (2015/534):
to strengthen supervisory assessment of credit risk and Supervisory Review and Evaluation Process for less significant institutions.
to incorporate nine additional data points into the FINREP data point reporting framework while applying a stringent proportionality regime to ensure the burden is commensurate with the size and complexity of an institution.
for applicability to the less significant institutions with the first reporting reference date of December 2025 necessitating a swift internal preparation for the final quarter of the year.
with the corresponding taxonomy for supervisory financial reporting data points (SFRDP) as well as the finalized regulation (in the Official Journal of the European Union) expected to be published by the end of September 2025.
The way forward
The regulatory updates from the EBA and the ECB indicate a shift toward more frequent and granular reporting, with immediate deadlines approaching in late 2025 and early 2026. Financial institutions must promptly conduct detailed gap analyses against the new DPM 2.0 glossary and MREL semi-annual requirements. The key imperative is the prompt integration of these technical and operational changes to ensure data quality and full supervisory compliance across all risk frameworks.
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