The European Banking Authority (EBA) published on 16th of March 2021 a decision, which changes the Basel III monitoring exercise from its current voluntary nature to a
mandatory exercise from December 2021.
This change stems from the need to expand the sample to more jurisdictions and credit institutions, making it more representative, as well as to reach a stable sample over time by providing authorities with a sound legal basis that frames institutions’ participation.
The data submission applies to credit institutions at the
individual level or at the
consolidated level depending on the following criteria :
The decision applies clear selection criteria for defining the country samples. Specifically, the national competent authority in each member state (e.g. CSSF for Luxembourg) should apply, sequentially, the following criteria :
Every three years, national competent authorities shall make the calculations and establish the
sample of participating credit institutions, which shall remain stable during these three years.
By September 30th of each year, competent authorities shall provide the EBA with
the sample of participating credit institutions.
The monitoring exercise shall take place on an annual basis with reference date as of 31st of December and
submission deadline being the first Friday of April of the following year.
In their turn, after having performed
rigorous internal controls and quality checks, the national competent authorities shall submit to the EBA the Basel data by the third Friday of April.
Thibault Thomas (Senior Manager)
21-25 Allée Scheffer,L-2520 – Luxembourg,Luxembourg
Tel: +352 286 843 1 / mobile : +352 661 883 132