PRA comments on EBA Covid-19 reporting guidelines

PRA has considered how to approach implementation of the EBA’s guidelines on gaps in reporting data in the context of Covid-19 in the light of its and FCA’s approach to payment deferrals and the data it is already collecting from UK credit institutions.

PRA has decided it does not need to extend the supervisory reporting element of the Guidelines to UK institutions, so UK firms do not need to use the EBA’s reporting templates.