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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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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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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CESOP: What Payment Service Providers Need to Report
Last updated: March 2026 Introduction CESOP reporting is a mandatory quarterly obligation for European payment service providers handling cross-border transactions above the 25-payment threshold – missing the deadline or submitting inaccurate data can result in supervisory action and penalties. If you work in payments or compliance at a European financial institution, CESOP likely sits on…