Paris: The European Banking Authority has set out the next steps on supervisory reporting simplification, and the result is a lighter template set that banks will not have to file until December 2027. The authority announced the plan on 6 November 2026 after months of industry dialogue and a public consultation that ran from 10 April to 10 July 2026.
The work centres on a revision of Implementing Regulation (EU) 2024/3117, the technical standard that tells banks what supervisory data to send and how often. According to a summary by the law firm Norton Rose Fulbright, the EBA has refined its draft since the consultation. The final package aims for what the authority calls a tangible reduction in reporting requirements, although the summary gives no cost-saving figure, no count of removed data points and no percentage cut.
Several changes stand out in the supervisory reporting simplification package. The EBA plans more proportionality, clearer instructions, lower reporting frequencies and closer alignment with public disclosure requirements. It reduces collateral, stress-testing and ESG reporting and removes selected reporting thresholds. Credit risk and IFRS 9 benchmarking reporting will move into the main supervisory reporting framework, with much leaner IFRS 9 requirements and more focus on consolidated figures.
Operational risk and stress testing get their own treatment, and supervisory reporting simplification reaches both. Granular reporting of operational risk losses will use fewer data fields and clearer instructions. A dedicated stress-testing module will carry separate remittance timelines and frequencies, with further reduced requirements and some data points removed. Banks that run large reporting teams have long argued that overlapping requests from different authorities cause more work than any single template, so these changes target a real pain point.
Timing is the part banks will read first. The first reference date for the new requirements moves to December 2027. Liquidity, asset encumbrance, supervisory benchmarking and ESG reporting move later still, to December 2028. The EBA will publish its final report on the draft technical standard in December 2026, and a technical package with the data point model, taxonomies and validation rules will follow in early 2027. Supervisory reporting simplification therefore gives institutions roughly a year to adapt their systems after the final text.
The supervisory reporting simplification plan reaches beyond templates. The EBA will issue guidelines on how authorities design and make supervisory and resolution data requests, with the aim of improving coordination, cutting duplication and encouraging data sharing between authorities. It also plans an EU-wide public repository of such requests, expected to start operating in the first quarter of 2027, and proposals on reporting change management in the first half of 2027. The guidelines are due by the end of 2026.
Readers should note the limits of the available material on supervisory reporting simplification. The summary comes from lawyers, not from the EBA, and the authority’s own press release and final report will hold the precise list of removed data points and thresholds. It is also unclear whether December 2026 is a fixed or provisional date for the final report, and how the EBA chose which areas to defer to 2028.
The practical test comes in December. If the final report keeps the promised cuts, supervisory reporting simplification will give banks, especially smaller ones, a clearer and cheaper reporting routine from 2027. If the cuts shrink in the final text, the longer timelines will be the main gain. Either way, supervisors and banks now have a dated path, and the EBA has made reporting burden a visible part of the EU’s wider simplification drive.
