Eurosystem sets milestones for Integrated Reporting Framework implementation
The Eurosystem has announced its main milestones for the implementation of the Integrated Reporting Framework, a programme aimed at harmonising statistical reporting across euro area banks.
The framework will consolidate statistical reporting requirements into a single standardised reporting framework, reducing the reporting burden on banks over the long term.
A public consultation on the draft IReF Regulation is planned for the second half of 2027, followed by a one-year pilot phase starting in the second quarter of 2030.
Official IReF reporting is set to commence in the second quarter of 2031, subject to the adoption of the IReF Regulation.