Last updated: April 2026 Your COREP templates are filed on time. Your LCR and NSFR ratios are above the minimum. Your Pillar 3 disclosures are published. Then the CSSF sends a letter asking for your ICAAP/ILAAP documentation as part of the SREP cycle, and the room goes quiet. Because unlike the quantitative reports, ICAAP and…
Last updated: March 2026 If you run regulatory reporting for a third-country branch in the EU, your reporting workload is about to change substantially. For the first time, the EBA has published a harmonised set of reporting templates specifically designed for third-country branches (TCBs). The first reporting reference date is 31 March 2027. That is…
Last updated: March 2026 Your institution has three loan facilities to three different Luxembourg companies. Different names, different sectors, different NACE codes. Each facility is well below the 25% large exposure limit. Then a supervisor asks you to explain why all three companies share the same ultimate beneficial owner, depend on the same revenue source,…
Last updated: March 2026 Your LCR is 142%. The NSFR is 108%. Both are comfortably above the 100% minimum. Then the supervisor asks why your C 67.00 shows that a single counterparty provides 23% of your wholesale funding, why the maturity ladder in C 66.01 shows a cliff in the 3-month bucket, and why the…
Last updated: March 2026 Rates went up faster than most banks modelled. Between mid-2022 and late 2023, the ECB raised its deposit facility rate from -0.50% to 4.00%, a shift of 450 basis points in under 18 months. For Luxembourg banks that had built fixed-rate asset portfolios during the low-rate era, financed by short-term or…
Last updated: March 2026 Last year, a Luxembourg institution ran a CPDI-requested SCV stress test and discovered that 22% of its depositor records were flagged as not ready for straight-through compensation. Names did not match across accounts for the same depositor. NIN fields were blank for accounts opened before 2016. Omnibus accounts had been incorrectly…
Last updated: March 2026 COREP and FINREP go to the supervisor. Pillar 3 goes to the public. That distinction is what makes Pillar 3 different from every other regulatory reporting obligation a Luxembourg bank carries. When your joint supervisory team or CSSF case officer reads your COREP submission, the audience is one. When your Pillar…
Last updated: March 2026 Your resolution authority has set your MREL requirement. You know the number. What you may not know is how to prove, every quarter, that you meet it. MREL reporting is not a single template and a single submission. It is a set of interlocking templates covering key metrics, creditor ranking, funding…
Last updated: March 2026 Your treasury team wants to call an AT1 instrument. The economics are clear, the replacement is lined up, and the board has signed off. But you cannot pick up the phone and announce the call tomorrow. You need MREL prior permission first. And if you miss the application deadline or submit…
Last updated: March 2026 What Is FINREP and Why It Matters FINREP stands for Financial Reporting. It’s the European regulatory framework for collecting standardized financial data from banks and certain investment firms. If you work in prudential reporting at a European bank, FINREP is not optional – it’s a statutory obligation enforced by your national…