Expectations on Valuation Capabilities

The SRB’s Expectations on Valuation Capabilities (EoVC) aims to enhance banks’ capabilities to support the performance of timely and robust valuations. It covers the need for regularly updated data repositories for resolution (DRR), introduces the concept of the valuation data index (VDI), including unstructured data and an enhanced valuation dataset (VDS), and outlines the expectations for valuation playbooks.

The material includes:

Main expectations document: contains detailed guidance and instructions on the various components of the Expectations;
Annex 1: includes the VDI index of documents, expectations regarding the content of these documents and submission deadlines;
Annex 2: provides technical instructions for the submission of data to the DRR;
Annex 3: contains detailed definitions of the VDS data attributes;
Annex 4: lists the VDS data attributes in Excel and the data validation rules;
Annex 5: provides the data quality report template;
Annex 6: includes a comparison between the VDS 2020 and the new VDS;
Annex 7: includes examples of the various components of the Valuation playbooks.

Annexes 1-3 and 7 are included in the main expectations document, while the remaining annexes are provided in separate files.

The EoVC supersedes the ‘SRB valuation dataset instructions’ and the ‘Explanatory note’ documents published in 2020. As such, the EoVC now represents the sole standard to follow on valuation capabilities in resolution.

The SRB grants in-scope entities a period from the date of this publication to adapt to the new expectations. More specifically, the expectations outlined in the EoVC should be met by the following deadlines:

Data repositories for resolution (Chapter 5): by 31 December 2027;
Valuation data index (Chapter 3): by 31 December 2028;
Valuation dataset (Chapter 4): by 31 December 2029;
Valuation playbooks (Chapter 6): by 31 December 2029.

VDI and VDS data is expected to be regularly updated within the DRR and kept up to date in accordance with the cut-off dates specified in Chapter 3 of the EoVC and Annex 1.

In-scope entities are expected to submit VDS and VDI data to the DRR for the first time by the following deadlines:

VDI documents with a ‘year-end’ cut-off date should be submitted to the DRR for the first time by 30 April 2029 (except VDI documents under VDI item 1.1 – see below);
VDI items 1.1 (VDS), 1.2 (MBDT), 1.3 (Trial balance extract) and 1.4 (Reconciliation with the trial balance sheet and FINREP) should be submitted to the DRR for the first time by 30 April 2030;
VDI documents with cut-off dates indicated as ‘Latest version available’ should be submitted for the first time as of 1 January 2029.

Entities are expected to develop playbooks alongside the implementation of the other EoVC dimensions. Intermediate milestones regarding Valuation playbooks will be communicated through the annual priorities letters.

The SRB conducted a public consultation on the draft EoVC between 2 April and 2 July 2025. To address the main comments received during the consultation process, the SRB publishes a feedback statement alongside the final EoVC documentation. This aims at ensuring a high level of transparency concerning the development of the SRB’s policies and guidance.

The SRB has set up a dedicated solution for raising questions on the EoVC. The QnA process aims at providing support for the implementation of the EoVC. To raise a question, please follow the instructions provided on the dedicated page.

SRB Expectations on Valuation Capabilities

PDF | 5.58 MB | Publishing date: 16/12/2025

Valuations are a critical component of the successful resolution of banks, as they form the basis for resolution authorities’ resolution decisions. In the context of resolution, the capacity of banks’ management information systems (MISs) to provide accurate and timely information is crucial for the reliability and robustness of valuations. Therefore, data availability is a fundamental prerequisite for valuations in resolution.