The regulations and guidelines apply to credit institutions which are identified as significant institutions in accordance with the criteria provided in the Regulation on the Single Supervisory Mechanism1 (SSM Regulation) and the SSM Framework Regulation2 and which hence fall within the scope of direct supervision by the European Central Bank (ECB). This scope of application fulfills the recommendation3 of the European Systemic Risk Board (ESRB) that the data collection be applied to credit institutions covering at least 75% of the banking system’s total consolidated assets.
In the updated Guidelines issued by the EBA, the definitions and breakdowns have been aligned with those used in FINREP reporting. The Guidelines introduce a more detailed breakdown of market-based funding according to seniority, and some simplifications for small and non-complex institutions to enhance proportionality.
According to the updated guidelines, the first reporting reference date is 31 December 2020, with the deadline for submitting the reports set for 15 March 2021.
For further information, please contact
Marjo Risku, Senior Risk Expert, telephone +358 9 183 5275 or marjo.risku(at)fiva.fi
- Regulations and guidelines 6/2014: Reporting of funding plans
- EBA: Updated Guidelines on harmonised definitions and templates for funding plans of credit institutions
1Council Regulation (EU) No. 1024/2013 (32013R1024) of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions; OJ L 287, p.63
2Regulation (EU) No 468/2014 (32014R0468) of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities; OJ L 141 p.1
3RECOMMENDATION OF THE EUROPEAN SYSTEMIC RISK BOARD of 20 December 2012 on funding of credit institutions (ESRB/2012/2)