COREP and FINREP
Also called common Reporting, financial Reporting, EBA supervisory reporting
COREP and FINREP are the EU's harmonised supervisory reporting frameworks for banks and other institutions under the Capital Requirements Regulation. COREP (Common Reporting) covers own funds, capital requirements, large exposures, leverage and liquidity. FINREP (Financial Reporting) covers balance sheet, income and asset quality data. Both use EBA templates.
How it works
Institutions file the templates with their national supervisor, mostly each quarter, on fixed remittance dates after each reference date. The data follows the EBA's data point model and XBRL taxonomy, and every submission must pass the EBA validation rules. Finance teams source FINREP from the general ledger, while risk teams produce most COREP figures from capital and liquidity engines.
COREP and FINREP are the main data supervisors use to monitor solvency and asset quality across EU banks. Resubmissions and validation failures draw supervisory attention. The templates change with each EBA reporting framework release, including the version that brought in the CRR3 Basel reforms, so banks run a recurring change process. UK banks follow the PRA's retained versions.
The rules
Requires institutions to report own funds, capital requirements, leverage, liquidity and financial information to competent authorities.
EU credit institutions and CRR investment firmsSets the COREP and FINREP templates, frequencies and remittance dates, including CRR3 changes, and repeals Implementing Regulation (EU) 2021/451.
Institutions reporting under the CRRCommon questions
What is the difference between COREP and FINREP?
COREP reports prudential data: capital, risk exposure amounts, large exposures, leverage and liquidity. FINREP reports financial statement data such as assets, liabilities, income and non-performing loans, on an IFRS or national GAAP basis.
How often are COREP and FINREP filed?
Most templates are quarterly, with some semi-annual and annual templates. Remittance dates fall about six weeks after each quarter end. Liquidity returns such as the LCR are filed monthly.
Do UK banks still file COREP and FINREP?
Yes. The PRA kept the frameworks after Brexit and now maintains its own versions in the PRA Rulebook. UK templates have started to diverge from the EBA versions as the PRA implements its own rules.
