Featured Product

    BaFin Announces Timeline for First Reporting of COVID-19 Data by Banks

    August 03, 2020

    BaFin and Bundesbank issued a statement on proportional application, in Germany, of the EBA guidelines on reporting and disclosures for COVID-19 measures (EBA/GL/2020/07). The EBA guidelines, which were published on June 02, 2020, are aimed to address data gaps in supervisory reporting and disclosures associated with the measures to address the COVID-19 crisis. BaFin mentioned that the first report is expected on the reporting date September 2020 (with a submission deadline until November 11, 2020).

    In accordance with the EBA guidelines, the reports are to be submitted by all credit institutions under Capital Requirements Regulation (CRR) at both the individual and group level, taking into account the waiver in accordance with Article 7 of CRR. Promotional banks are also required to submit the reports. Institutions are required to report data pursuant to reporting tables F 90.01, F 90.02, F 91.01, F 91.02, and F 91.05. This applies regardless of the level of consolidation or the size of an institution. The reporting frequency is quarterly and the reports must be submitted to Bundesbank as per the reporting deadlines for COREP and FINREP reporting in accordance with the implementing technical standards on supervisory reporting. With regard to disclosures, EBA guidelines have waived the application of disclosure requirements for institutions that are not identified as global or other systemically important institutions. Therefore, for German less significant institutions and promotional banks, there are no disclosure requirements.

     

    Related Links 

    Keywords: Europe, Germany, Banking, COVID-19, Reporting, Disclosures, Basel, Credit Risk, Regulatory Capital, CRR, Loan Moratorium, COREP, FINREP, EBA, BaFin, Bundesbank

    Featured Experts
    Related Articles
    News

    APRA Finalizes Guidance on Management of Climate Change Risks

    The Australian Prudential Regulation Authority (APRA) released the final Prudential Practice Guide on management of climate change financial risks (CPG 229) for banks, insurers, and superannuation trustees.

    November 26, 2021 WebPage Regulatory News
    News

    European Council Adopts Position on Digital Finance Package Proposals

    The European Council adopted its position on two proposals that are part of the digital finance package adopted by the European Commission in September 2020, with one of the proposals involving the regulation on markets in crypto-assets (MiCA) and the other involving the Digital Operational Resilience Act (DORA).

    November 25, 2021 WebPage Regulatory News
    News

    PRA Proposes Rulebook Changes; BoE Extends BEEDS Testing Window

    The Prudential Regulation Authority (PRA) is proposing, via the consultation paper CP21/21, to apply group provisions in the Operational Resilience Part of the PRA Rulebook (relevant for the Capital Requirements Regulation or CRR firms) to holding companies.

    November 25, 2021 WebPage Regulatory News
    News

    EC Proposes New Measures Under Capital Markets Union Package

    The European Commission (EC) has adopted a package of measures related to the Capital Markets Union.

    November 25, 2021 WebPage Regulatory News
    News

    EBA Publishes Standards to Calculate Risk-Weights of CIUs Under CRR

    The European Banking Authority (EBA) published the final report on draft regulatory technical standards for the calculation of risk-weighted exposure amounts of collective investment undertakings or CIUs, in line with the Capital Requirements Regulation (CRR).

    November 24, 2021 WebPage Regulatory News
    News

    FED Outlines Lending Conditions and Supervisory Activities in H1 2021

    The Board of Governors of the Federal Reserve System (FED) published a report that summarizes banking conditions in the United States, along with the supervisory and regulatory activities of FED.

    November 24, 2021 WebPage Regulatory News
    News

    APRA Expects Boards to Strengthen Ability to Oversee Cyber Resilience

    The Australian Prudential Regulation Authority (APRA) recently completed two pilot initiatives in its 2020-2024 Cyber Security Strategy, which was published in November 2020.

    November 23, 2021 WebPage Regulatory News
    News

    FSB Updates List of Global Systemically Important Banks

    The Basel Committee on Banking Supervision (BCBS) published further information related to its 2021 assessment of global systemically important banks (G-SIBs), with additional details to help understand the scoring methodology.

    November 23, 2021 WebPage Regulatory News
    News

    FASB Proposes Improvements to Credit Losses Standard

    The Financial Accounting Standards Board (FASB) is consulting on an Accounting Standards Update and the associated taxonomy improvements for requirements on troubled debt restructurings and vintage disclosures under the credit losses standard (for financial instruments) topic 326.

    November 23, 2021 WebPage Regulatory News
    News

    US Agencies Issue Statement on Crypto-Asset Policy Initiatives

    US Agencies issued a statement that summarizes the work undertaken during the interagency policy sprints focused on crypto-assets and provides a roadmap of future work related to crypto-assets.

    November 23, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7733