ECB Amends Guideline on Register of Institutions and Affiliates Data
Guideline (EU) 2019/1335 of ECB, which has been published in the Official Journal of European Union, amends Guideline (EU) 2018/876 on the Register of Institutions and Affiliates Data, or RIAD (ECB/2019/17). Guideline (EU) 2019/1335 shall take effect on the day of its notification to the national central banks of member states whose currency is the euro. The national central banks of the member states whose currency is the euro shall comply with this guideline from October 02, 2019.
ECB maintains the Register of Institutions and Affiliates Data (RIAD), which is a shared dataset for the European System of Central Banks (ESCB) of reference data on legal and other statistical institutional units. RIAD should contain data necessary for some changes in benchmarks in money markets to better support business processes across the Eurosystem and the performance of the tasks of the ESCB. In this context, RIAD should contain up-to-date relevant data for the determination of the euro short-term rate in accordance with Article 8(5) of Guideline (EU) 2019/1265 of ECB (ECB/2019/19). Therefore, it is necessary to amend Article 22 of Guideline (EU) 2018/876.
To facilitate the identification of counterparties in the common granular analytical credit database (AnaCredit) by the reporting agents in accordance with AnaCredit Regulation (EU 2016/867) and Guideline (EU) 2017/2335, an additional attribute value for the confidentiality status of data recorded in RIAD needs to be included in the RIAD data exchange model. Therefore, it is necessary to amend Article 10 of Guideline (EU) 2018/876 to provide for this. The collection and reporting of statistical information on pension funds is necessary to support ECB in carrying out monetary and financial analysis and for the contribution of ESCB to the stability of the financial system. Consequently, pension funds should be recorded in RIAD. It is, therefore, necessary to update Chapter VI of Guideline (EU) 2018/876 in relation to the specific provisions on the recording of reference data for the publication of the list of pension funds. Overall, the key changes to Guideline (EU) 2018/876 include the following:
- In Article 1, paragraph 2 has been replaced.
- New points have been added in Article 2.
- In Article 10; paragraphs 1, 2, 3, 4, and 6 have been replaced.
- Articles 19 and 22 have been replaced.
- Annex I and II Guideline (EU) 2018/876 have been replaced by Annex I and II to Guideline (EU) 2019/1335. The amendments to Annex I and II are necessary to reflect the new provisions on the euro short-term rate and pension funds.
Related Links
Keywords: Europe, EU, Banking, Pension Funds, RIAD, AnaCredit, €STR, Reporting, Guideline 2019/1335, Guideline 2018/37, ECB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Scott Dietz
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Previous Article
BDF Issues Supporting Documents for AnaCredit ReportingRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.