ECB is consulting on a draft regulation amending the Money Market Statistical Reporting (MMSR) Regulation (ECB/2014/48), in an effort to improve its money market statistics. Comments can be submitted on the draft regulation by September 10, 2018. ECB will consider the comments received when finalizing the regulation and will publish a feedback statement.
The amending regulation will guarantee that transactions with all financial counterparties are covered under the MMSR Regulation. It will further support the reporting of the Legal Entity Identifier (LEI) of counterparties, when one is available, to ensure that the data collection benefits from the extended mandatory use of the LEI in reporting in EU. Moreover, it will firm up the obligations of reporting agents to meet high standards designed to protect the integrity of the information. The draft regulation also specifies that the data collected may be used for the development and administration of an unsecured overnight interest rate.
ECB has been collecting data on the euro money market since July 01, 2016 on the basis of the MMSR Regulation (ECB/2014/48) on statistics on the money markets. Since then, detailed data have been reported by the largest euro area banks on transactions denominated in euro in the unsecured, secured, foreign exchange swap, and overnight index swap money market segments.
Comment Due Date: September 10, 2018
Keywords: Europe, EU, Banking, MMSR, Statistics, LEI, ECB
Previous ArticleESMA Updates Transitional Transparency Calculations Under MiFID II
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.