Abstract
Reporting is an important tool for assessing bank risk profile, financial stability and with respect to the design and conduct of monetary policy. For the banking industry, regulatory reporting is primarily informed by the principle of maximum harmonisation, even though, in practice, banks have to comply with many other requests. Overburden due to reporting clearly calls for more proportionality in the implementation of common reporting in Europe. In this respect, the European Reporting Framework (EFR) could offer a solution, as a long term objective, for a more pragmatic approach to reporting.
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