GBIC comments on EBA’s draft templates and template guidance

The European Banking Authority (EBA) launched a public consultation in July 2023 on draft templates and template guidance for collecting climate related data from EU banks. This effort is part of the one-off Fit-for-55 climate risk scenario analysis. The draft templates are designed to collect climate-related and financial information on credit risk, market and real estate risks and are accompanied by a template guidance, which includes definitions and rules for compiling the templates. GBIC gives detailed feedback on the content of the template. In general, GBIC points out that the EBA Fit for 55 data collection will be a huge manual effort for banks, as it requires a large amount of data that is not part of regular financial reporting. Therefore, GBIC asks for a sufficiently long time period for data collection and preparation.