On 27 June 2013, the European Banking Authority (EBA) published the final draft version of Implementing Technical Standards (ITS) on Supervisory Reporting in the form of a technical description for implementation of the Common Reporting Framework (CoRep). This was updated again for Own Funds on 21 October 2013. The cited regulatory requirements form the basis for the reporting requirements, including for solvency and capital adequacy for all European institutes. For example, large exposure notifications, reports on total losses, and exposure values from risk positions collateralized by real estate are classified under CoRep. In addition, the CoRep framework contains information about short-term liquidity requirements, stable refinancing and leverage according to Basel III.
BearingPoint’s CoRep module provides institutes and groups the possibility to depict all essential reporting requirements requested by the supervisory authority according to CRR/CRD IV in connection with the CoRep framework and ITS.