The European Banking Authority has issued guidance for banks on enhanced operational risk reporting, extending the compliance deadline to June 2026 following Regulation (EU) 2025/2475.
The European Banking Authority (EBA) published guidance for banks on managing enhanced reporting requirements for operational risk. This follows the postponement of the first reference date under the amended Implementing Technical Standards (ITS).
The European Commission adopted Regulation (EU) 2025/2475, delaying the application of new operational risk reporting obligations to the end of June 2026. Banks now have until June 2026 to comply, providing at least six months for adaptation after the regulation enters into force.
The EBA clarifies that institutions should use the COREP OF module (release 4.2) for operational risk reporting. Templates C 16.02, C 16.03, and C 16.04 will not be required for the March 2026 reference date, with mandatory submission starting in June 2026. Reporting these templates voluntarily from March 2026 is optional.
Institutions must continue to report template C 16.01 using the updated technical tables in release 4.2. However, information on “other operating expenses” will not be required for March 2026.
The EBA has published amended instructions for reporting and disclosure, applicable from the reference date end June 2026. These updates, available on the EBA website in all EU languages, include revisions to the “Overview of the IT solutions” file, linking articles of the ITS with the templates to assist banks in navigating the new requirements.
The EBA will soon update its signposting and mapping tools to reflect the new obligations, supporting institutions in their implementation efforts.
Banks are encouraged to consult the latest instructions and tools on the EBA website to ensure a smooth transition. The EBA remains committed to providing clear, timely guidance for the enhanced operational risk reporting regime.
