FINREP Insights

What is FINREP?

FINREP, which stands for FINancial REPorting, is a framework established by the European Banking Authority (EBA) for the standardized reporting of financial information by financial institutions across Europe. It aims to enhance the comparability and consistency of financial data to facilitate effective supervision and risk assessment. It is commonly used by banks and other financial firms to report their financial statements to regulatory authorities.

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What other technologies are related to FINREP?

FINREP Complementary Technologies

COREP

COREP (Common Reporting) and FINREP (Financial Reporting) are both regulatory reporting frameworks mandated by the European Banking Authority (EBA). They are complementary because they serve different but related purposes in reporting financial information. COREP focuses on capital adequacy, while FINREP focuses on financial statements.

mentioned alongside FINREP in 85% (153) of relevant job posts

IFRS 9

IFRS 9 (International Financial Reporting Standard 9) is an accounting standard for financial instruments. It impacts how financial institutions recognize and measure financial assets and liabilities. FINREP requires reporting based on accounting standards, including IFRS 9. Hence, IFRS 9 is complementary to FINREP as the latter relies on the former.

mentioned alongside FINREP in 7% (54) of relevant job posts