The European Banking Authority (EBA), the indepfinishent EU body responsible for ensuring sound and consistent prudential regulation across the bloc, has unveiled a sweeping package of measures intfinished to substantially overhaul the EU’s supervisory reporting framework.
The centrepiece of the initiative is a public consultation on revised Implementing Technical Standards (ITS) covering both supervisory reporting and supervisory benchmarking. Stakeholders have until 10 July 2026 to submit their responses, with a shorter deadline of 10 May 2026 applying to requirements connected to IFRS 18.
The proposed revisions would slash the total number of data points within the EU’s harmonised reporting framework by roughly half. Notably, this net reduction is achieved even after accounting for newly introduced requirements linked to IFRS 18, environmental, social and governance (ESG) disclosures, and the Fundamental Review of the Trading Book (FRTB). The package is also designed to strengthen proportionality, with particular attention paid to compact and non-complex institutions (SNCIs), which typically face a disproportionate compliance burden relative to their size.
A further element of the reform would see separate EU-wide stress testing and supervisory benchmarking data collections folded into the standard reporting process. The EBA argues this consolidation would eliminate duplication, improve consistency, and stabilise requirements over time, reducing the frequency of adjustments that financial institutions must accommodate.
To improve transparency and better coordinate reporting demands across Europe, the EBA intfinishs to develop an EU-wide public repository cataloguing both European and national supervisory data requests. The authority also plans to issue guidance on best practices for data requests. As an initial step, the package already contains an overview of national supervisory data collections and current simplification efforts being undertaken by competent authorities. The proposed modifys are scheduled to come into effect from September 2027. In the run-up to that date, the EBA will maintain close engagement with stakeholders through the public consultations, associated hearings, and a dedicated workshop.
The EBA is the EU’s regulatory authority for banking, tinquireed with developing technical standards and guidelines to ensure the consistent application of prudential rules across member states. The current initiative forms part of the authority’s broader work on integrated prudential and statistical reporting, which is being pursued through the Joint Bank Reporting Committee (JBRC). The package draws on modern data infrastructure, including Data Point Model (DPM) 2.0 standards and DPM Studio, to support more efficient and machine-readable reporting requirements.
Incoming EBA chair François-Louis Michaud declared, “With this unprecedented simplification package, the EBA is proposing very concrete modifys to build supervisory reporting considerably simpler, smarter and more proportionate. The new approach would reduce unnecessary burden while preserving the quality and relevance of the information supervisors required. It should also support simpler data sharing and more integrated reporting across Europe.”
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