EBA published the technical package for its 4.0 Reporting Framework
The European Banking Authority (EBA) published the technical package for its version 4.0 Reporting Framework. The EBA 4.0 Reporting Framework will apply in the first half of 2025. The package also marks the transition to the new 2.0 Data Point Model (DPM) semantic glossary and introduces the enhanced capabilities of the DPM 2.0 model.
The technical package provides the standard specifications that include the validation rules, the Data Point Model (DPM) and the XBRL taxonomies to support the following reporting obligations.
- Reporting of information by issuers of asset-referenced tokens (ARTs) and electronic money tokens (EMTs).
- New Implementing Technical Standards (ITS) amending the supervisory reporting framework (COREP templates) to implement the most immediate changes driven by the EU Banking Package (Capital Requirements Regulation – CRR3 and Capital Requirements Directive -CRDVI) published on 19 June in the Official Journal.
- Minor amendments to reporting obligations by class 2 investment firms (COREP templates), in alignment with the CRR3/CRDVI changes.
- Updated requirements for the registers of information under the Digital Operational Resilience Act (DORA) following the adoption by the EU Commission of the Commission Implementing Regulation (EU) 2024/2956 on standard templates for the register of information.
This draft technical package includes a version of the data dictionary contents in both formats the DPM 1.0 and the new format DPM 2.0. The DPM Query Tool has also been updated to reflect the current release.
EBA 4.0 background and next steps
Last year, the EBA announced the migration to DPM 2.0 method and published the related documentation. In June this year, the EBA published the plans for the migration to DPM 2.0 and to the new glossary. Together with the draft technical package, the EBA published in October a FAQs providing additional explanations.