Updated: October 2019
Harmonisation of reporting processes and requirements:
ESBG would appreciate a better-coordinated
reporting environment and the establishment of
a stable and quality-improved reporting across
ESBG values all reporting initiatives that lead to a
reduction of burden for the banking industry and
encourages European decision-makers to look
more into such possibilities in the future. It would
be a win-win situation for both banks and
authorities if the reporting framework could be
designed more efficiently.
We also invite decision-makers to always bear
the principle of proportionality in mind. It should
be used to identify those banks which are smaller,
or non-complex, and then assess how the
burden could be reduced compared with other
banks. This would actually help create a level
European banks are facing substantial reporting
burden driven by the following situations in the
In general, ESBG appreciates the authorities’
realisation that the reporting framework could be
improved and that they (mainly ECB and EBA)
started to establish various data- and reporting
initiatives within the different reporting areas
(supervisory and statistical reporting).
We hope that the collaboration between the
different authorities will be deepened and that
the reporting initiatives, provided that they are
properly designed, will become a reality. Expansion
of the scope of authorities (e.g. with the SRB) in
this collaboration would be highly welcomed.
Especially small and non-complex institutions
have been overwhelmed with the numerous
additional reporting requirements in recent years.
Many institutions, large and small, have made the
experience that the same data needed to be
reported more than once.
ESBG is fully supportive of working together with
the EU authorities in order to make the necessary
improvements in the area of reporting.
European banks must generate a vast amount of data to comply with a variety of reporting obligations, ranging
from financial and supervisory reporting to reporting for resolution plans (MREL) as well as statistical reporting.
These reporting requirements are the results of requests for information/data of a wide range of European
authorities, such as the European Banking Authority (EBA), the European Central Bank (ECB), the Single
Resolution Board (SRB), national competent authorities (NCA) and other authorities/institutions with the power
to require reports from the banking industry.
In order to streamline these reporting requirements and processes across Europe, some European authorities
have started various data and reporting initiatives within some specific reporting areas:
Furthermore, the ECB’s Expert Group on Data Quality (EGDQ) established a Data Quality Dashboard to monitor
the accuracy, completeness and punctuality of supervisory reports. It needs to be expected, that in the near
future, the results of this reporting dashboard are going to have a substantial impact for the bank’s assessment
in the supervisory review and evaluation process (SREP), possibly leading to additional capital requirements.