April 17, 2018

EBA published amendments to the implementing technical standards on supervisory reporting and new implementing technical standards on reporting for resolution plans, along with the corresponding Data Point Model (DPM) and eXtensible Business Reporting Language (XBRL) taxonomy. These changes form part of the EBA reporting framework version 2.8, which will be applicable for submissions of data as of December 2018. Reports with reference dates as of December 31, 2018 onward are to use the new taxonomy set (2.8), which is related to the April 2018 framework release for the implementing standards on supervisory and resolution reporting.

Amendments to standards on supervisory reporting. These implementing technical standards amend the Implementing Regulation (EU) No 680/2014 on supervisory reporting. EBA also published ten annexes, which replace the existing annexes to the Implementing Regulation (EU) No 680/2014. The updates include new information on prudent valuation for fair-valued items and supplementary information on credit risk. The amendments also include high-level information on securitization, subject to the revised securitization framework introduced by Regulation (EU) 2017/2401 amending the CRR, and revised information on selected Pillar 2 items (COREP), along with the Q&A-based changes and other minor amendments. The draft implementing technical standards will be submitted to the EC for endorsement. This regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from December 01, 2018.

New standards on resolution reporting requirements. The implementing technical standards on reporting requirements for drawing up and implementing resolution plans will replace the implementing Regulation (EU) 2016/1066 and bring about a clearer scope of application of the minimum resolution framework. The standards define detailed minimum procedural requirements at least on an annual basis (by the end of May in 2019 and by the end of April from 2020 onward), provide revamped templates in line with the latest experience available, and contain a full set of technical annexes to facilitate integration into banks' business processes and automation. For the first time, resolution reporting requirements are integrated into the single data point model of EBA, backed by validation rules and optional taxonomies. This regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Technical package for version 2.8 of the reporting framework. This package includes a set of XML files forming the XBRL taxonomy, a description of the architecture of the XBRL taxonomy, a DPM data dictionary database along with a DPM table layout and data point categorization, and a list of validation rules. 


Related Link: 
Press Release

Keywords: Europe, EU, Banking, Reporting, Supervisory Reporting, Resolution Plan, Taxonomy, DPM, Implementing Technical Standards, EBA

Related Articles
News

EBA Report Assesses Regulatory Framework for Fintech Activities

EBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.

July 18, 2019 WebPage Regulatory News
News

OSFI Revises Capital Requirements for Operational Risk for Banks

OSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.

July 18, 2019 WebPage Regulatory News
News

OSFI Consults on Revised Principles for Management of Liquidity Risk

OSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.

July 18, 2019 WebPage Regulatory News
News

ESMA Guidance on Disclosures for Credit Rating Sustainability Issues

ESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.

July 18, 2019 WebPage Regulatory News
News

FASB Issues Q&A on Estimation of Expected Credit Losses by Firms

FASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”

July 17, 2019 WebPage Regulatory News
News

US Agencies Delay Enforcing Volcker Rule Restrictions on Foreign Funds

US Agencies (FDIC, FED, and OCC) announced that they will not take action related to restrictions under the Volcker Rule for certain foreign funds for an additional two years.

July 17, 2019 WebPage Regulatory News
News

SRB Announces SRF Receives Cash Injection, Grows to EUR 33 billion

SRB announced that the Single Resolution Fund (SRF or the Fund) received a cash injection of EUR 7.8 billion from 3,186 institutions in 2019, bringing the total amount in the Fund to about EUR 33 billion.

July 17, 2019 WebPage Regulatory News
News

FASB to Propose to Delay CECL Compliance Deadline for Certain Entities

FASB published a summary of the tentative decisions taken at its Board meeting in July 2019.

July 17, 2019 WebPage Regulatory News
News

IMF Publishes Report on 2019 Article IV Consultation with Vietnam

IMF published its staff report in context of the 2019 Article IV consultation with Vietnam.

July 16, 2019 WebPage Regulatory News
News

European Parliament Elects Next President of European Commission

European Parliament elected Ursula von der Leyen from Germany as the first female President of the next European Commission for a five-year term from November 01, 2019.

July 16, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3476