European Central Bank (ECB) and European Banking Association (EBA) intensify efforts to improve reporting.

European Central Bank (ECB) and European Banking Association (EBA) intensify efforts to improve reporting.

European Central Bank (ECB) and European Banking Association (EBA) intensify efforts to improve reporting.

The ECB and EBA have 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 two institutions aim to harmonise and integrate data reporting by the banking industry to improve efficiency and reduce the associated costs.

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