The European Banking Authority (EBA) has released several key publications aimed at improving the regulatory framework for banks. These include draft technical standards on the prudential treatment of crypto-asset exposures under the Capital Requirements Regulation (CRR3) and guidance on classification and reporting requirements for crypto-assets under the Markets in Crypto Assets Regulation (MiCAR). Additionally, a technical package and a revised list of Implementing Technical Standards (ITS) validation rules have been issued as part of the EBA's reporting framework.

The EBA is inviting feedback until April 8, 2025, on these proposed technical standards. The standards detail specific requirements for classifying, measuring, and capital treatment of various types of crypto-assets, considering their unique risks. They also reflect legal requirements introduced in MiCAR and address capital treatment for electronic money tokens (EMTs), asset reference tokens (ARTs), and unbacked crypto-assets like Bitcoin. These standards align with the Basel standard on prudential treatment of crypto-asset exposures where possible.

Furthermore, the three European Supervisory Authorities—EBA, EIOPA, and ESMA—have published joint guidelines to ensure consistency in regulatory classification under MiCAR. These guidelines include a standardized test to promote a common approach to classification and templates that market participants should use when communicating with supervisors about regulatory classification.

In terms of reporting requirements, the EBA has updated its periodically revised list of ITS validation rules and released a technical package under reporting framework 4.0. This will apply from the first half of 2025. The EBA has also provided further guidance on reporting requirements under MiCAR. The DPM Query Tool reflects this release with updates including new templates, validation rules, and XBRL taxonomies that banks must use for various reporting obligations.

These obligations cover information reporting by issuers of ARTs and EMTs, new ITS amending supervisory reporting frameworks to implement changes driven by EU Banking Package CRR3/CRD6 published in June 2024, minor amendments to reporting obligations by class 2 investment firms aligning with CRR3/CRD6 changes, and updated register information requirements under the Digital Operational Resilience Act following recent regulation adoption.