EBA Updates Validation Rules

EBA Updates Validation Rules

By Prathamesh 24 June, 2024

Earlier this month the European Banking Authority (EBA) issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting.

This update highlights specific rules that have been deactivated due to incorrectness or IT issues. The EBA has advised Competent Authorities across the EU that data submitted in compliance with these ITSs should not be validated against the deactivated rules.

This revision aims to enhance the accuracy and efficiency of supervisory reporting by ensuring that only correct and functional validation rules are applied.

To find out more details please visit : https://www.xbrl.org/