COREP — Common Reporting — is the standardised prudential supervisory reporting framework that credit institutions and investment firms across the European Union must submit to their national competent authorities (NCAs). Introduced to harmonise the patchwork of national reporting regimes that previously existed across member states, COREP gives supervisors a consistent, comparable view of capital adequacy, credit risk, market risk, operational risk, leverage, and liquidity across the banking system.
The framework was designed by the European Banking Authority (EBA) and sits on top of the Capital Requirements Regulation (CRR — Regulation (EU) No 575/2013) and Capital Requirements Directive (CRD IV/V). COREP reports translate the quantitative requirements of those texts — minimum own funds, risk-weighted assets, leverage ratios, liquidity coverage — into structured data that supervisors can aggregate, benchmark, and act upon.
For compliance officers and risk managers, COREP is not optional background reading: it is a binding legal obligation with strict deadlines, precise technical formats, and material penalties for late or incorrect submission.
