The European Banking Authority (EBA) and the European Central Bank (ECB) have announced updates to their supervisory reporting frameworks for banks, aiming to improve reporting processes, enhance oversight of resolution planning, update technical standards, and strengthen the FINREP framework related to credit risk.

The EBA has released a draft technical package for version 4.2 of its reporting framework. This package includes a revised list of validation rules and an enhanced DPM 2.0 glossary, which is designed to standardize terminology across the reporting system and improve data consistency. The final version is expected in November 2025. The draft also introduces new validation rules, updated Data Point Model (DPM), and XBRL taxonomies.

According to the EBA, the new release covers several areas: "Resolution framework: Comprehensive revision of the implementing technical standards on resolution planning and for the identification and transmission of information on minimum requirements for own funds and eligible liabilities (MREL), by resolution authorities to the EBA; Operational risk: New reporting requirements for operational risk under the revised Capital Requirements Regulation (CRR3) and Directive (CRD6) within COREP; Market risk: Changes to supervisory benchmarking for market risk."

A significant change involves shifting MREL reporting from annual to semi-annual frequency. Submission dates will now be September 16 for MREL data as of June 30 and March 18 for data as of December 31. The amendments add new data fields intended to better capture discretionary elements used by resolution authorities when setting MREL while removing redundant information from reports. These changes are expected to take effect with reference dates beginning December 31, 2025.

In parallel with these updates, the ECB is revising its FINREP regulation (2015/534). The changes are intended "to strengthen supervisory assessment of credit risk and Supervisory Review and Evaluation Process for less significant institutions," according to regulatory sources. The revisions will introduce nine additional data points into FINREP's framework but apply a proportionality regime so that compliance requirements match each institution's size and complexity.

The first reference date requiring compliance with these FINREP amendments will be December 2025, meaning affected institutions need swift internal preparation before year-end deadlines. Both the corresponding taxonomy for supervisory financial reporting data points (SFRDP) and finalized regulation are scheduled for publication by September 2025 in the Official Journal of the European Union.

These developments reflect a move toward more frequent and detailed regulatory reporting in Europe’s banking sector. Financial institutions are advised to conduct thorough gap analyses against both the new DPM 2.0 glossary requirements and semi-annual MREL obligations in order to ensure compliance ahead of upcoming deadlines.