The EBA’s overhaul of CRR will lead to a compete rethink about how regulatory data is sourced, governed and delivered across the enterprise. The institutions that will succeed will be those that treat supervisory reporting as a strategic data capability. That’s according to Rohini Gupta, CEO and Co-Founder at FinregE, the end-to-end AI-powered regulatory compliance platform.The European Banking Authority (EBA) has launched one of the most ambitious overhauls of supervisory reporting in more than a decade, unveiling a sweeping consultation that could fundamentally reshape how banks manage regulatory data across Europe. The proposals, published on 10 April 2026, aim to simplify and modernise reporting requirements under the Capital Requirements Regulation (CRR), while simultaneously introducing significant structural, operational and data challenges for financial institutions. At the heart of the initiative is a bold attempt to reduce complexity without compromising supervisory insight. The EBA has set out a plan to cut the overall number of regulatory data points by around 50% across the EU’s harmonised reporting framework, even while introducing new requirements linked to IFRS 18, ESG disclosures and the Fundamental Review of the Trading Book (FRTB). This reflects a broader shift in European regulation towards smarter and more proportionate oversight that reduces administrative burden while preserving data quality and decision-making value. However, despite being framed as a “simplification”, the consultation represents a highly complex and far-reaching transformation programme. Rather than a single regulatory update, the package spans nine interconnected modules covering liquidity, financial reporting (FINREP), operational risk, market risk, own funds (COREP), ESG reporting, stress testing and benchmarking integration, among others. Each module introduces distinct changes, timelines and data requirements, but all are designed to operate as a single, integrated framework. This interconnectedness creates a critical challenge for institutions. Firms that treat the consultation as a series of isolated reporting updates risk duplication, inconsistencies and governance failures. By contrast, those that approach it as an enterprise-wide transformation programme (spanning risk, finance, compliance and data teams) will be better positioned to manage the scale of change and identify efficiencies early. A central pillar of the reform is the integration of previously separate reporting streams. EU-wide stress testing and supervisory benchmarking exercises, historically conducted as standalone data collections, will be embedded into regular supervisory reporting. This is expected to eliminate duplication, improve consistency and create a more stable reporting environment, but it also requires firms to rethink how they structure, govern and reuse data across regulatory processes. The EBA is also introducing a more proportionate reporting model, particularly for small and non-complex institutions (SNCIs). This includes a “core plus supplement” approach, where smaller firms submit a reduced set of essential data while larger institutions continue to meet more granular requirements. While this aims to ease the burden on smaller players, it adds another layer of design complexity, as firms must determine how reporting obligations vary across business lines, entities and jurisdictions. In parallel, the consultation incorporates a range of new and evolving regulatory priorities. ESG reporting, for example, is being restructured with simplified templates and reduced duplication, while still aligning with broader EU sustainability frameworks. IFRS 18 changes are being fast-tracked, with earlier deadlines and transitional requirements that will begin impacting finance and reporting teams ahead of the broader implementation timeline. The timeline itself is tight and strategically significant. The consultation runs until 10 July 2026 (with earlier deadlines for IFRS 18-related elements) and the EBA aims to finalise the revised standards by the end of the year. First reporting under the new framework is expected from 30 September 2027, giving institutions roughly 18 months to interpret, design and implement the necessary changes. Crucially, this window creates both risk and opportunity. Firms that begin preparing early by mapping data flows, aligning governance structures and investing in integrated reporting capabilities, for example, can spread implementation over the full period and avoid last-minute disruption. Those that delay until final rules are published may face compressed timelines, higher costs and operational strain. Beyond technical changes, the consultation signals a deeper shift in regulatory philosophy. The EBA is moving away from fragmented, template-driven reporting towards a more integrated, data-centric model supported by shared standards, a common data dictionary and improved coordination across European authorities. Plans to establish an EU-wide repository of supervisory data requests and introduce best-practice guidance further reinforce this push towards transparency and consistency. For banks and financial institutions, the message is clear: simplification at the regulatory level does not translate into immediate operational ease. Instead, it demands a fundamental rethink of how regulatory data is sourced, governed and delivered across the enterprise. The institutions that succeed will be those that treat supervisory reporting not as a compliance obligation, but as a strategic data capability.As the consultation period progresses, industry engagement will play a critical role in shaping the final framework. The EBA has explicitly invited feedback on feasibility, implementation challenges and technical design, making this a rare opportunity for firms to influence the future of European regulatory reporting.In that sense, the “simplification” agenda represents more than a reduction in templates or data points. It is a decisive step towards a new operating model for regulatory reporting. And it’s a model that is integrated, scalable and data-driven, but which will require significant investment and coordination to realise in practice.Yes#EBAReporting #RegulatoryComplianceRohini GuptaCEOFinregE05 Jun, 2026