EBA updates ITS validation rules
The European Banking Authority (EBA) has released a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting. This update deactivates certain rules due to incorrectness or issues related to triggering IT problems. Competent Authorities across the EU are advised not to formally validate data against these deactivated rules.
Validation rules play a crucial role in enhancing the quality and accuracy of XBRL reports. The EBA regularly reviews and updates its extensive set of validation rules, empowering reporting entities to automatically identify and rectify data quality issues before submission, thereby improving overall reporting accuracy.
Access the updated validation rules here.
