The EBA has launched a public consultation on the inclusion of prudent valuation into COREP, the reporting framework through which EU banking institutions report supervisory information.
In this consultation paper, the EBA has proposed a series of amendments to the COREP framework. The changes will allow the inclusion of the new requirements for reporting information on prudent valuation, as well as some supplementary requirements for reporting credit risk information. The information collected will allow banking supervisors throughout the EU to assess how banking institutions are complying with the requirements on prudent valuation set by EU legislation and the related technical standards developed by the EBA, as well as any additional financial information required by competent authorities to perform their supervisory tasks. The public consultation will run until 30 March 2016.