COREP and FINREP reporting

The UK Capital Requirements Regulation, defined by the European Banking Authority (EBA), requires CRR firms to apply the implementing technical standards (ITS) for reporting (the guidance, templates, technical standards and validation required for reporting COREP and FINREP to supervisors).

EBA validation rules and filing rules

We implement the Validation Rules and Filing Rules as specified by the EBA within each of their Reporting Frameworks. Severities are translated as follows:

  • EBA Blocking rules are set to ERROR in RegData (ie rejection of the file).
  • EBA Non-blocking rules are set to WARNING (warnings will be accepted, but firms should look to investigate the cause and resolve them for future submissions).
  • EBA Deactivated rules are set to DISABLED (ignored).

Data point model and taxonomy

To ensure the supervisory reporting requirements are implemented consistently, the templates described in the annexes have been translated into a data point model (DPM), which in turn is used to generate the taxonomy.

The DPM is a structured representation of the data, identifying all the business concepts and its relationships, as well as validation rules. The taxonomy is the vehicle that enables data to be shared in line with the DPM structure. 

These are artefacts that were originally developed by the EBA and, along with the accompanying documentation, contain the relevant technical specifications necessary for developing an IT reporting solution. Firms should make sure they keep up to date with any changes to these artefacts.

Taxonomy entry point mapping to RegData

The entry point mapping spreadsheet maps individual entry points to the corresponding RegData data item and reporting basis.

Technical pack

For information on how to build a connection to the RegData direct submission gateway for COREP and FINREP reporting, and how to format an XBRL instance for both direct submission and web upload, please refer to our updated technical information page.