EBA issues revised list of ITS validation rules

EBA has issued a revised list of validation rules in its ITS on supervisory reporting, thereby focusing on data fields that “have been deactivated either for incorrectness or for triggering IT problems“.
Failure to comply with validation rules of type „error“ when submitting data to EBA will result in the file being rejected and thus the transmission not being processed. If reporting entities consider that they can only comply with the reporting requirements set out in the applicable reporting standard if they breach a validation rule of type „error“, they should contact their respective competent authority. Validation rules with the severity level „warning“ are equally binding in the sense that they must also be taken into account and closely monitored by the reporting entities.