What is COREP?

The Common Reporting Framework, COREP for short, refers to the standardised regulatory reporting framework initiated by the Committee of European Banking Supervisors (CEBs) and their successor, the European Banking Authority (EBA).

COREP was introduced as part of the Capital Requirements Directive (CRD IV) to standardise the reporting of capital requirements and prudential regulatory information by regulated investment firms and credit institutions across the EU.

COREP not only covers credit risk, but also market risk, operational risk, own funds and capital adequacy ratios and has been adopted in over 30 countries within Europe.

As a result a number of previous regulatory returns have been replaced by new reports where it is mandatory to submit in a harmonised format, namely XBRL.

Amongst other elements, reporting covers:

• Capital Adequacy
• Own Funds
• Leverage
• Liquidity Coverage
• Large Exposures
• IP Losses
• Stable Funding
• Asset Encumbrance

COREP returns are to be completed for uploading and submission upon the FCA’s GABRIEL system.

When is COREP effective from?

What is COREP?

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