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EBF calls for coordination among authorities towards a fully integrated reporting system in Europe

Brussels, 15 July 2025 – Today, the European Banking Federation (EBF) called for authorities to increase coordination across their respective initiatives in order to streamline the reporting burden for banks. The EBF has been working closely with authorities to support both individual and collective efforts. However, it stressed that further coordination among authorities is essential, especially as authorities aim to simplify the reporting burden for banks.

As part of the recent consultation by the Single Resolution Board (SRB) on Expectations on Valuation Capabilities (EoVC), the EBF has submitted its response identifying significant concerns regarding the approach proposed by the SRB, namely potential inconsistencies and duplications with other authorities’ initiatives such as the European Central Bank’s (ECB) Integrated Reporting Framework (IReF). As it stands, banks would need to implement a revised Valuation Data Set approach based on the current ECB’s AnaCredit and Securities Holdings Statistics definitions and change to the new, and completely different, IReF reporting framework only two years later. This would lead to a significant unnecessary burden and extensive complexity in parallel implementation.

There are also other reporting requirements, such as the Credit Risk Loan Tapes used for the ECB, under its Single Supervisory Mechanism capabilities, to assess the credit risk of banks using the full granular data of loans (balance sheet item: loans at amortised cost). Similarly, the European Banking Authority’s (EBA) Non Performing Loans (NPLs) templates, part of the EBA commitment for enhancing a sound European NPL secondary market, are equally granular and describe NPL loans at amortised cost.

The four requirements outlined above call for four very granular data sets that all describe items on the asset side of the balance sheet, but are unaligned in the data models, attributes, and a glossary of such attributes, thereby complicating the burden on banks.

While the long-term objective of the recently established Joint Bank Reporting Committee (JBRC) and the Reporting Contact Group (RCG) is to achieve an integrated reporting system for reporting requirements for prudential, resolution and statistical purposes, all current individual initiatives should be discussed and coordinated among authorities. It is crucial, for example, to align timelines and ensure that granular data provided by the ECB’s IReF will be usable for the SRB’s Valuation Data sets. Only such coordination would create a consistent and integrated approach, supporting the long-term goal of an Integrated Reporting System at the European level as described in §430c of the Capital Requirements Regulation.

The EBF remains fully committed to working together with authorities towards achieving the ultimate objective of a truly integrated reporting system in Europe.

For more information:

Gonzalo Gasós, Senior Director of Prudential Policy & Supervision, g.gasos@ebf.eu

Francisco Saravia, Senior Policy Adviser – Prudential Policy & Supervision, f.saravia@ebf.eu 

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure, and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.