On 19 May 2014, the European Banking Authority (“EBA”) released a revised list of incorrect validation rules contained in its ITS on supervisory reporting. The EBA first announced on 16 April 2014 that certain validation rules in its ITS were incorrect (see Issue 13 of this weekly newsletter). The issue came to the EBA’s attention following tests based on real data from reporting firms as well as answers submitted via the EBA’s Q&A tool. The EBA expects the list of incorrect validation rules to increase as more data becomes available and an updated list of incorrect rules will be published again.
The EBA announcement is available at: http://www.eba.europa.eu/-/eba- publishes-revised-list-of-incorrect-its-validation-rules.