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    Bundesbank Updates Derivation Rules for Bank Reporting

    April 02, 2020

    Bundesbank updated the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system. The requirements apply to all credit institutions within the meaning of the Capital Requirement Regulation.

    The working version V 4.0 is based on the knowledge as of March 2020 and 

    • changes resulting from the latest taxonomy version 2.9 are marked in red letters and in column A with an "x" and highlighted in color
    • changes due to the previous taxonomy versions 2.8 and 2.7 are marked in blue or green letters and in column A with an "x", but are not highlighted in color
    • spreadsheets in which there have been changes to the previous version are highlighted in yellow

    ECB has formulated data quality requirements for uniform supervision in the Single Supervisory Mechanism. These requirements are being checked against five criteria: punctuality, completeness, correctness and consistency, continuity, and plausibility. The completeness check is based on the existence of all modules and forms to be submitted. The completeness of a report depends on factors specific to the institution and is, therefore, assessed on an individual basis. In addition to the checks at the module and form levels, completeness is also checked at the data point level. 

     

    Related Links (in German)

    Keywords: Europe, Germany, Banking, SSM, Reporting, COREP, FINREP, Derivation Rules, CRR, Bundesbank

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