European Banking Authority Common Reporting (COREP)
March 2, 2011
Common Reporting ("COREP") is the term used to describe harmonised European Capital Requirements Directive reporting. COREP will be mandated by the European Banking Authority as a standardised reporting framework from 31 December 2012.
COREP will become the prudential reporting standard for credit institutions and some investment firms according to the framework established in the Capital Requirements Directive.
COREP will apply to all firms who are regulated under BIPRU, our prudential sourcebook for Banks, Building Societies and Investment Firms.
The COREP Industry Standing Group will inform and help the FSA to implement common reporting.
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