ECB published Release 5.0 of the Banks' Integrated Reporting Dictionary (BIRD) Database and the related technical guidelines. This release includes the updated version of the input layer that is needed for COREP credit risk, FINREP nonperforming loans, and securitization. A new release to be published in 2020 will include the validation and transformation language (VTL) related to these frameworks.
The BIRD Release 5.0 incorporates the following reporting requirements:
- EBA implementing technical standards on data requirements for resolution planning, implementing the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR)
- EBA technical standards on asset encumbrance data requirements under Article 100 of the Capital Requirements Regulation (CRR)
- EBA technical standards on FINREP requirements (updated to version 2.8), implementing the Capital Requirements Directive (CRD IV) and CRR
- Regulation (EU) 2016/867 of ECB on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
- Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384, concerning statistics on holdings of securities (SHS)
Keywords: Europe, EU, Banking, Reporting, FINREP, AnaCredit, SHS, SRMR, Statistics, BIRD, BRRD, CRR/CRD, BIRD Release 5.0, COREP, Credit Risk, NPLs, Securitization, ECB
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.