Supervision release 16 August 2016 – 53/2016

Launch of new reporting on credit institutions' liquidity coverage requirement (LCR) and changes in the reporting of significant currencies in liquidity reporting

​The Implementing Regulation on the supervisory reporting of credit institutions of the liquidity coverage requirement (LCR) applies from 10 September 2016

The European Commission adopted on 10 February 2016 Regulation (EU) 2016/322 as the Implementing Technical Standard (ITS) for the supervisory reporting of the liquidity coverage requirement (LCR). The Regulation was published in the Official Journal (OJ) of the European Union on 10 March 2016, and it will apply from 10 September 2016. The ITS reporting requirements apply to credit institutions.

For reporting according to the ITS, the first reporting reference date is 30 September 2016. The reporting frequency for the data is monthly. The reporting lag during the first six months is 30 calendar days and subsequently 15 calendar days.

For credit institutions, templates C72.00-76.00 (COREP LCR DA) under the ITS replace the LCR templates C51.00-54.00 (COREP LCR). In addition, templates C72.00-76.00 replace the Financial Supervisory Authority's own LCRTMP reporting for less significant institutions (LSI). For credit institutions, the last reporting reference date for the C51.00-54.00 templates is 30 August 2016. The last reporting reference date for the LCRTMP templates was 30 June 2016.

The specifications for ITS templates C72.00-76.00 are included in the EBA XBRL taxonomy and Data Point Model (DPM), version 2.4.1.1. The taxonomy version 2.4.1.1 will apply from 30 September 2016.

Changes in the reporting of significant currencies in liquidity reporting

As a result of the release of taxonomy version 2.4.1.1, in COREP liquidity reporting, the values of significant currencies are in future reported in the currency in question, as defined in Article 415(2)(a) of Regulation (EU) 2013/575 (CRR).

Previously, the values of significant currencies have been reported in the liquidity templates in euro. The total of all the currencies is still reported in euro, in accordance with Article 415(1) of the CRR.

The multicurrency reporting under taxonomy version 2.4.1.1 applies, in addition to templates C72.00-76.00 that will enter into force in September, to templates C51.00-54.00, C60.00-61.00 (COREP NSFR) and C67.00-71.00 (COREP ALM).

For further information, please contact

Maija Järvenpää, Risk Specialist, tel. +358 10 831 5511 or maija.jarvenpaa(at)fiva.fi