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On 31 January 2023, the European Banking Authority (EBA) issued a consultation on draft implementing technical standards (ITS) on supervisory reporting with respect to the IRRBB. The draft ITS have been developed in accordance with Article 430(7) of the Capital Requirements Regulation, which mandates the EBA to develop uniform formats, definitions, frequencies and reference and remittance dates and IT solutions. The draft ITS also follow up on the policy work on IRRBB that the EBA completed in October 2022. The draft ITS are intended to improve the quality of data that supervisors receive to monitor institutions’ IRBB risk and the implementation of the policy package published by the EBA in October 2022. The deadline for comments on the consultation is 2 May 2023. The EBA expects to submit the draft ITS to the European Commission in mid-2023. The expected application of the revised requirements is for the 30 June 2024 reporting reference date.
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