The EBA considers that institutions need to concentrate their
efforts on monitoring and assessing the impact of the COVID-19
outbreak as well as ensuring business continuity given that they
may face increasingly difficult conditions in the immediate future.
Concurrently, market participants, CAs and RAs require access to
reliable information to understand institutions' financial and
prudential situations.
In relation to Supervisory Reporting, the EBA advises CAs and
RAs to assess the extent to which a delayed submission of all the
data, or subsets of the data, included in the EBA reporting
framework would be justified in these extraordinary circumstances
and to consider, for now, such supervisory actions only for
submissions due between March and end of May 2020.
