CURENTIS analyzes EBA's FINREP reform proposals
The consultation aims to reduce reporting burden via template eliminations and proportionality, while adding risk-based data on collateral, NBFIs, and crypto-assets.
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Banking regulatory, compliance, and digitalization products and consulting firm
curentis.comLast updated
In short: CURENTIS analyzed major regulatory shifts in EU banking, focusing on CRR3, sustainability reporting, and the new AML Regulation package.
The consultation aims to reduce reporting burden via template eliminations and proportionality, while adding risk-based data on collateral, NBFIs, and crypto-assets.
The EBA aims to increase transparency and reduce redundancy with new templates and simplifications for CRR3 implementation.
Four key points: new data requirements, compliance expansion, data architecture as a lever, and increasing time pressure.
The EBA proposes integrating stress tests with regular reporting to cut data requirements by 55%, with new templates and ESG expansion by 2029.
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