EBA Pushback on Commission Operational Risk RTS: What It Means for CRR3 Reporting
The EBA objects to two Commission amendments on operational risk RTS under CRR3. What changed, what it means for reporting teams, and how to prepare.
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ESMA/EBA Suitability Assessment Guidelines: What the 2026 Consultation Means for Luxembourg Boards
Last updated: April 2026 Get a board appointment wrong in Luxembourg and the CSSF will tell you to fix it. That conversation is not one any institution wants to have, and under the proposed updated suitability guidelines, the scope of what “wrong” looks like just got wider. The joint ESMA-EBA consultation paper (ESMA35-243228190-8034 / EBA/CP/2026/03),…
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EBA Third-Country Branch Reporting – What the New Harmonised Standards Mean for Your Branch
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…
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Large Exposures Reporting for Luxembourg Banks – COREP LE Templates and Connected Clients
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,…
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Interest Rate Risk in the Banking Book (IRRBB) – EBA Guidelines and CSSF Expectations for Luxembourg Banks
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…
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Deposit Guarantee Scheme Reporting in Luxembourg – FGDL Membership, SCV Files, and the Covered Deposits Survey
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…
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MREL and Own Funds Reduction – Prior Permission Process Explained for Banks
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…
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MiCAR Reporting Obligations for CASPs: Complete Implementation Guide
Last updated: March 2026 Introduction MiCAR (Markets in Crypto-Assets Regulation) creates the first comprehensive regulatory framework requiring crypto-asset service providers to implement authorization, prudential reporting, transaction monitoring, and incident notification systems. The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) represents the first unified rulebook for crypto-asset activities across the entire European Union. For reporting teams…
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FINREP Reporting Explained: What You Actually Need to Know
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…
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The Most Common COREP Reporting Errors (And How to Avoid Them)
Last updated: March 2026 Why COREP Errors Matter COREP submission day is busy, stressful, and error-prone – but overlooking COREP reporting errors carries real consequences that extend far beyond a missed deadline. You’re pulling data from multiple systems, running reconciliations, and pushing templates through validation in the final hours. When errors appear – especially late…