The European Banking Authority (EBA) published guidance for banks on managing enhanced reporting requirements for operational risk. This follows the postponement of the first reference date under the amended Implementing Technical Standards (ITS).
The European Commission adopted Regulation (EU) 2025/2475, delaying the application of new operational risk reporting obligations to the end of June 2026.
Key points for institutions include:
- Extended preparation period: Banks now have until June 2026, instead of March 2026, to comply with the new reporting requirements, allowing at least six months for adaptation after the regulation enters into force.
- Reporting guidance: Institutions should use the COREP OF module (release 4.2) for operational risk reporting. Templates C 16.02, C 16.03, and C 16.04 will not be required for the March 2026 reference date, with the first mandatory submission in June 2026. Reporting these templates voluntarily from March 2026 is optional.
- Ongoing requirements: Institutions must report template C 16.01 using updated technical tables, but information on “other operating expenses” will not be required for March 2026.
- Updated instructions and IT solutions: The EBA published amended instructions for reporting and disclosure, applicable from the June 2026 reference date. These are available on the EBA website, including translations in all EU languages. The revised “Overview of the IT solutions” file links reporting obligations with ITS templates to assist banks.
- Support for implementation: The EBA will update its signposting and mapping tools to reflect the new obligations.
Banks are advised to consult the latest instructions and tools on the EBA website to ensure a smooth transition. The EBA remains committed to providing clear guidance to support institutions in preparing for the new operational risk reporting regime.
