About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

EBA Seeks to Reduce Reporting Costs for Financial Firms

Subscribe to our newsletter

The European Banking Authority (EBA) is exploring ways to streamline supervisory reporting requirements and reduce reporting costs for financial institutions, especially smaller ones, as part of its drive to create a more “proportionate” regulatory and supervisory framework.

Common supervisory reporting was first introduced in the EU back in 2013, and the EBA is mandated by Article 430(8) of the EU’s Capital Requirements Regulation (CRR) to measure the costs institutions incur when complying with the reporting requirements set out in its Implementing Technical Standards (ITS) on supervisory reporting. The bank is also required to assess whether these reporting costs are proportionate with regard to the benefits delivered for the purposes of prudential supervision and make recommendations on how to reduce the reporting cost at least for small and non-complex institutions.

To this end, the EBA this week has launched a new survey addressed to all European banks, calling for case studies to collect evidence on reporting costs as well as industry views on ways to reduce such costs and make the supervisory reporting more efficient.

The findings from this analysis should be formulated in a report and delivered to the European Commission and European Parliament in 2021. The cost of compliance study will focuses first, on understanding the actual reporting costs incurred by institutions in relation to supervisory reporting, and in particular in relation to the EBA ITS; second, on assessing the effects of a reduction of some specific reporting requirements on costs and supervisory effectiveness; and third, on assessing whether the reporting costs are proportionate with regard to the benefits delivered.

The deadline for questionnaire responses and case study submission is October 2020 – with responses to the qualitative questions expected by 1 October 2020, and responses to the quantitative questions as well as the submission of case studies are expected by 31 October 2020.

The final report, expected to be delivered to the European Commission and European Parliament in 2021, will contain recommendations on how to reduce reporting costs for the banking industry by looking at both technological improvements and reducing some reporting requirements.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best approaches for trade and transaction reporting

11 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Compliance practitioners and technology leaders in capital markets face mounting pressure to ensure that reporting processes are efficient, accurate, and aligned with global standards. Market developments and jurisdictional nuances in regulatory frameworks like MiFID II, EMIR, SFTR and MAS create a...

BLOG

Key Takeaways from FINRA’s 2025 Oversight Report

FINRA released its 2025 Regulatory Oversight Report (the Report) in January, highlighting several rapidly evolving challenges confronting its member firms. From the rise of “deepfake” AI that empowers criminals to carry out convincing cyberattacks, to newly highlighted dangers of synthetic identity fraud, the Report details how malicious actors continue to adapt their methods. Along with...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...