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Complementary cost-benefit assessment for the Integrated Reporting Framework

Between 2020 and 2021, the European System of Central Banks carried out a cost-benefit assessment on the Integrated Reporting Framework (IReF). Since then, several aspects have been identified that would be useful for drafting the IReF regulation, requiring an additional assessment by the banking industry and other stakeholders.

For example, further information is required on the possibility of integrating country-specific requirements that are common across the euro area into IReF. Closer alignment between IReF and FINREP solo reporting may also be beneficial for both reporting agents and authorities.

To collect this additional information the ECB launched a complementary cost-benefit assessment. The survey was carried out between 5 May 2023 and 31 July 2023. Publication of the results is expected by the end of 2023.

The national central banks of the Eurosystem and Sveriges Riksbank selected representative national respondents to ensure a minimum coverage of 80% of their domestic banks in terms of total assets and include institutions of all sizes and types.

Additionally, any credit institution and deposit-taking corporation other than credit institutions resident in a participating country could express an interest in completing the questionnaire. 


The results of the survey are expected to be published by the end of 2023.