Joint Bank Reporting Committee (JBRC)

Our strategy for improving and simplifying reporting requirements is outlined in a report produced by the European System of Central Banks (ESCB) to provide input into the European Banking Authority (EBA) feasibility study on an integrated reporting system. The strategy’s main objective is to avoid duplication and to standardise the descriptions of the concepts used. This should, in turn, reduce the reporting burden for banks and improve the quality of the data received.

To this end, the EBA and the European Central Bank (ECB) established the Joint Bank Reporting Committee (JBRC), which is tasked with helping to develop common definitions and standards for the data that banks are required to report for statistical, supervisory and resolution purposes.

The ECB, the EBA, the European Commission and the Single Resolution Board (SRB) are all part of the JBRC, as are the relevant authorities with the power to issue supervisory, resolution and statistical reporting requirements in European Economic Area (EAA) countries.

In July 2024 the JBRC launched a public call for expression of interest to set up a substructure called the Reporting Contact Group (RCG). This will bring together stakeholders from the banking industry who have expertise on bank regulatory reporting, aiming to serve as a regular channel for cooperation and exchanges of views and best practices with authorities

One key tangible deliverable of the JBRC is a common data dictionary for the reporting of statistical, supervisory and resolution data by banks. In this regard, the JBRC works on establishing common concepts and definitions to be used in new and existing reporting.

The ECB, together with the EBA and the European Insurance and Occupational Pensions Authority (EIOPA), set up a Data Point Model (DPM) alliance to facilitate the definition and exchange of regulatory data within the financial sector. The purpose of the alliance is to increase efficiencies and avoid duplication of efforts; promote more efficient processes for defining and communicating reporting requirements, and for collecting and exchanging data and metadata amongst reporting entities, national authorities and European authorities; and facilitate good practices in the definition and exchange of regulatory reporting data and information. Alongside the establishment of the JBRC, this alliance is another step in the process of building an integrated reporting system.

Key documents

MoU on the establishment of the JBRC between the ECB and the EBA, March 2024

Press release on the establishment of the JBRC, March 2024

MoU on the establishment of a common Data Point Model (DPM) governance framework – “DPM Alliance”, March 2024 

EBA feasibility study on an integrated reporting system, December 2021

The ESCB input into the EBA feasibility report under article 430c of the Capital Requirements Regulation (CRR 2), September 2020