FINREP — short for Financial Reporting — is the EBA's harmonised supervisory reporting framework for financial data. Where COREP captures capital adequacy and risk-weighted assets, FINREP captures the underlying financial statements: balance sheets, income statements, credit quality breakdowns, and off-balance sheet exposures. Together, the two frameworks give supervisors a consolidated picture of a bank's solvency and financial health.
FINREP data is submitted to national competent authorities (NCAs) — the Banque de France/ACPR in France, BaFin in Germany, PRA in the UK for legacy reporters, and so on — which forward it to the EBA's central database and, for significant institutions, to the ECB via the Single Supervisory Mechanism (SSM). The result is a pan-European dataset that underpins the EBA's risk assessments, transparency exercises, and statistical publications.
Unlike national GAAP financial reporting, FINREP is built around IFRS accounting standards. That distinction has significant consequences for which institutions must submit which templates — a point worth examining carefully before configuring any reporting workflow.
