BoE Publishes Draft of Version 1.1.0 of Form AS/FV Taxonomy
BoE announced, via the Statistical Notice 2019/06, that it has published a public working draft of version 1.1.0 of the taxonomy for Form AS (MFI holdings of securities collection)/Form FV (Financial Vehicle Corporations return), alongside the related technical artefacts and a change log. Feedback is requested by December 13, 2019. BoE aims to publish the final version of the updated AS/FV XBRL taxonomy in early 2020. It is envisioned that the new taxonomy will come into effect from first quarter of 2020 (reporting of which is deferred until summer 2020).
The taxonomy, data point model (DPM) dictionary, annotated templates, and validation rules have been updated to fix a number of bugs identified in the original taxonomy and to make reporting more robust. Many of the validations have been updated and changed from non-blocking to blocking and several optional URI fields have been added. The full list of changes can be found in the change log.
Additionally, the Statistical Notice highlighted that the collection of Form VP has been discontinued with immediate effect, following a consultation. The December 2019 submission is no longer required. Form VP was being used to collect data on UK monetary financial institutions’ securitization special purpose vehicles (SPVs) and covered bond limited liability partnerships (LLPs). The Securitization SPV and Covered Bond LLP lists will no longer be updated, but the current lists will continue to be accessible on the website.
Related Links
- Statistical Notice 2019/06
- Taxonomy Release Note (PDF)
- XBRL Taxonomy (ZIP)
- DPM (ZIP)
- Taxonomy Validations (XLSX)
- Change Log (XLSX)
- Form AS/FV Taxonomy Update
Comment Due Date: December 13, 2019
Effective Date: First Quarter of 2020
Keywords: Europe, UK, Banking, Securities, Reporting, Statistical Notice, Data Collection, Securitization, Form AS, Form FV, Form VP, Taxonomy, DPM, Validation Rules, BoE
Previous Article
US Agencies on Use of Alternative Data in Credit UnderwritingRelated Articles
EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10
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 Proposes to Delay Implementation of Insurance Contracts Standard
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 Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB Set Out Recommendations for Benchmark Transition
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS Sets Out Recommendations for Benchmark Transition for Insurers
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA Updates Reporting Manual on European Single Electronic Format
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA Calls on Resolution Authorities to Consider Impact of COVID Crisis
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
ECB Guideline on Materiality Threshold for Credit Obligations Past Due
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 Revises FR Y-14 With Respect to PPP and CARES Act
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.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
