Credit and financial institutions, according to the current regulatory framework, are obliged to submit supervisory data to the Banking Supervision Department of Bank of Greece. An updated list with all institutions that are supervised by Bank of Greece (BoG) can be found in “Supervised Institutions”.
BoG’s current framework for reporting has fully adopted all relevant regulations of European Union (EU), European Banking Authority (EBA) and European Central Bank (ECB). In addition, the national legislation has been appropriately adapted, so as to provide for the reporting of supplementary supervisory data of national interest.
1. European framework
The European framework applying the reporting requirements is mainly determined by the following Regulations, as published in the Official Journal of the EU:
- Regulation (EU) 575/2013 of the European Parliament and the Council,
- Directive 2013/36/EU of the European Parliament and the Council,
- Commission Implementing Regulations (EU) 2021/451 (repealing 680/2014 since 28/06/2021) and 2021/453 laying down implementing technical standards with regard to supervisory reporting of institutions, as in force, taking into account all amendments (2022/1994, 2024/855).
It is noted that Commission Implementing Regulation (EU) 680/2014 had already been amended by regulations: 2015/79 (introduces the framework regarding supervisory reporting on asset encumbrance), 2015/227 (introduces the framework regarding supervisory reporting on non-performing exposures), 2015/1278, 2016/313 (introduces the framework regarding supervisory reporting on additional liquidity monitoring metrics), 2016/322 (introduces the framework regarding reporting on the liquidity coverage requirement), 2016/428 (introduces the framework regarding reporting on the leverage ratio), 2016/1702, 2017/1443, 2017/2114, 2018/1627 and 2020/429.
Greece has adopted the European framework, incorporating Directive 2013/36/EU with the Greek Law 4261/2014.
Article 430 of Regulation (EU) 575/2013, as in force, specifies the reporting on prudential requirements and financial information.
EBA, as an EU specialised agency set up to achieve a more integrated approach to banking supervision across the EU, provides an overview of its regulatory activity, ranging from binding Technical Standards to Guidelines, Recommendations and Opinions in its webpage Single Rulebook. Furthermore, Supervisory reporting webpage provides an overview of the supervisory reporting requirements arising from the CRD V/CRR framework, which are defined by the EBA via technical standards or guidelines.
EBA has established additional regulations and guidelines concerning specific supervisory reports. For the submission of Funding Plans, the applicable guidelines EBA/GL/2019/05 were adopted by the BoG with Executive Committee’s Act 181/4/28.01.2021 (available only in Greek). Reporting regarding Supervisory Benchmarking Exercises, in accordance with Article 78(2) of Directive 2013/36/EU of the European Parliament, is established via Commission Implementing Regulation (EU) 2016/2070. EBA publishes new requirements for reporting on Supervisory Benchmarking Exercises every year, introducing the necessary amendments.
For the reporting of the benchmarking exercises on remuneration practices, the gender pay gap and approved higher ratios under Directive 2013/36/EU, the applicable guidelines EBA/GL/2022/06 were adopted by the BoG with Executive Committee ’s Act 226/1/19.02.2024 (available only in Greek). For the reporting of the data regarding high earners under Directive 2013/36/EU and under Directive (EU) 2019/2034 the applicable guidelines EBA/GL/2022/08 were adopted by the BoG with Executive Committee ’s Act 231/2/15.07.2024 (available only in Greek).
Moreover, ECB has established the obligation for the reporting of supervisory financial information with Regulations 2015/534, 2017/1538, 2020/605, 2021/943 and 2023/1678 (introducing the framework for FINREP reports on a solo basis), as published in the EU Official Journal. The BoG adopted the relevant regulatory framework of the ECB with the Executive Committee’s Act 112/31.1.2017 and 157/5/02.04.2019 (available only in Greek).
The submission of institutions' supervisory data follows the sequential approach, according to which, the supervisory data are first submitted by institutions to the national competent authority (BoG, Banking Supervision Department). BoG then forwards the data to ECB, in accordance with its obligations as set out in ECB Decisions ECB/2023/18 and ECB/2023/19. Specifically, for the Significant Credit Institutions (SIs), data are auto forwarded to ECB upon reception. Supervisory data for both Significant Institutions (SIs) and Less Significant Institutions (LSIs) are forwarded by the ECB to the EBA.
The technical standards governing the data submitted are set by the EBA and are based on the XBRL format. EBA regularly reviews the versions of the supervisory reports in cooperation with the supervisory authorities. Technical information on the use of XBRL files (EBA Data Point Model, XBRL Taxonomies, Filing Indicators), validation rules and information on previous and current versions of supervisory reports are available at EBA Reporting Frameworks.
The frequency and the dates for the submission of supervisory reports in accordance to the European framework are listed in the Supervisory Reporting Calendar.
Supervised institutions may find additional technical information on how to submit supervisory reports and on the checks that are applicable to the submitted data in Frequently Asked Questions.
2. National Framework
In addition to the requirement to submit supervisory reports in accordance with the aforementioned European Implementing Technical Standards for credit institutions, the obligation to submit also national data (supervisory, statistics and other information) still remains in force. Furthermore, the national framework regulates the reporting requirements for financial sector entities, other than credit institutions, supervised by BoG.
The framework governing national reporting obligations is mainly defined by Governor’s Act 2651/20.1.2012 (available only in Greek), as in force. This act regulates the information and the frequency of supervisory reports which supervised institutions are required to submit to BoG. As this framework was established in 2012, appropriate adjustments had to be made in order to be compatible and complementary to the corresponding European framework. Related amendments are the following: Decisions of the Banking and Insurance Committee 95/10/22.11.2013, 108/1/4.4.2014, 121/4/30.10.2014, and Executive Committee’s Acts 108/19.12.2016, 133/13.2.2018, 139/24.4.2018 , 164/1/13.12.2019, 179/2/6.11.2020, 208/4/28.06.2022, 214/1/12.12.2022, 215/1/03.02.2023 and 226/1/19.02.2024 (available only in Greek).
National reporting obligations also arise from other Governor’s Acts or Executive Committee’s Acts, (Governor's Act 2684/18.5.2020 (as in force, with the amendment Governor's Act 2689/18.5.2022), Governor's Act 2685/22.10.2020, Executive Committee’s Act 191/2/23.07.2021, Executive Committee ’s Act 185/1/9.3.2021, Executive Committee's Act 214/1/12.12.2022, Executive Committees' Act 215/1/03.02.2023, Governor's Act 2693/18.7.2023) (available only in Greek).
For the monitoring of non-performing loans there is a specific framework (including reporting obligations) with Executive Committee’s Act 175/2/29.7.2020 (Annexes) (available only in Greek), as specifically described in Issues of non-performing exposures and as it is in force with the amendments Executive Committee's Act 206/03.06.2022 and Executive Committee's Act 229/3/10.05.2024 (available only in Greek).
For leasing, factoring, consumer credit companies and microfinance institutions there is a related framework (including reporting obligations) with Executive Committee’s Act 193/2/27.09.2021 (as in force with the amendment Executive Committee's Act 214/1/12.12.2022, available only in Greek).
For credit servicers firms operating under law 5072/2023 there is a related framework (including reporting obligations) with Executive Committee’s Act 118/19.5.2017 (available only in Greek), as in force, with the amendments Executive Committee’s Act 153/08.01.2019, Executive Committee's Act 179/1/6.11.2020 and Executive Committee's Act 206/03.06.2022 (available only in Greek).
For electronic money institutions, account information service providers and payments institutions, there is a related framework (including reporting obligations) with Executive Committee's Act 164/2/13.12.2019, as in force, with the amendments Executive Committees' Act 178/2/2.10.2020 and Executive Committee's Act 214/1/12.12.2022 (available only in Greek).
National data are submitted via standard Excel templates, which are described in the Table of National Reports.
Supervised institutions use the updated national reporting templates and their respective instructions, which are published in the relevant Table of Templates and Instructions of National Reports (available only in Greek).