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
Previous ArticleFCA and PRA to Move to New Data Collection Platform as Planned
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.
The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.