As the first reference date for the European Banking Authority’s (EBA) interest rate risk in the banking book (IRRBB) reporting requirements approaches on 30 September 2024, and with the EBA poised to closely monitor the implementation of the new regulations, European banks need to ensure they are adequately prepared to meet the complexity and challenges posed by the new reporting requirements.
The EBA’s introduction of the reporting reforms aims to ensure uniformity among regulated EU institutions in reporting and data comparability. This newly harmonized reporting integrates data lineage and quality elements, essential for institutions to conduct comprehensive assessments of IRRBB risks and enhance the accuracy of data reported to regulatory bodies.
The granularity of the required results presents significant challenges for banks, necessitating extensive adjustments to risk systems and reporting protocols. Thus, it is imperative for banks of all sizes to comprehensively prepare; establishing the necessary systems and frameworks to ensure regulatory compliance while remaining competitive in the market.
Join Xavier Dubois, Director, Product Management, Finance, Risk & Regulatory Reporting, who will discuss a practical and best-practice approach to implementation and reporting requirements.
Agenda highlights include:
- Overview of the EBA’s key changes and their implications
- Key challenges posed by the new IRRBB reforms
- The enhanced need to integrate financial and regulatory metrics
- Best practices for navigating enhanced data granularity, quality, and metrics
- A pragmatic approach to reporting
- Your questions answered - Live Q&A with discussion and clarification
REGISTER TODAY to gain valuable insight into this important regulatory deadline. These changes set out by the EBA apply to all banks in the EU and should be of strong interest to all Risk Management, Regulatory departments and Asset and Liability Management teams in charge of IRRBB calculation.