EBA – Technical package for phase 2 of Reporting Framework 3.3 released

On 17 July 2023, the European Banking Authority (EBA) released the technical package for phase 2 of version 3.3 of its reporting framework.

This technical package is aimed at supporting the 2024 supervisory benchmarking exercise and consists of an economic model based on a systematic comparison among companies, including new market risk assessment models and some modifications to the supervisory benchmarking portfolios.

The function of the package is to provide standard criteria and to include validation rules, the Data Point Model (DPM) and XBRL taxonomies needed for this phase of version 3.3.

Additionally, to support the EBA’s creation of a monitoring framework for the transition to a sustainable economy, the collection of ESG data was included within the various supervisory reporting requirements.