ACPR Issues Updates on Draft RUBA Taxonomy and Mortgage Loan Reporting
ACPR published Instruction No 2021-I-02 addressing the monitoring of mortgage risks in France. Annex to the Instruction contains the CREDITHAB reporting table for monthly reporting of indicators for monitoring risk associated with mortgage loans. The Instruction comes into force from March 01, 2021 for institutions whose outstanding mortgage loans exceed EUR 4 billion on that date and from January 01, 2022 for other establishments. ACPR also published the draft version of RUBA taxonomy (Version 1.0.0_PWD3), the comment period for which ends on February 22, 2021.
Along with the taxonomy, ACPR has published description and delivery notes, presentation, data point model (DPM) dictionary, annotated reports, taxonomy controls, and test instance file related to the taxonomy. RUBA taxonomy will replace the SURFI taxonomy from January 31, 2022. The draft Version 1.0.0_PWD3 of RUBA taxonomy is the first version of the taxonomy using the Eurofiling architecture, which replaces the SURFI taxonomy. RUBA taxonomy applies to the banking sector and has an architecture and structure similar to that of the Capital Requirements Regulation (CRR)/Capital Requirements Directive (CRD) IV taxonomies from EBA and Solvency II taxonomy from EIOPA.
Related Links (in French)
- Press Release
- Taxonomy and Related Documents
- Instruction 2021-I-02 (PDF)
- Annex to the Instructions (XLSX)
Comment Due Date: February 22, 2021
Keywords: Europe, France, Banking, Taxonomy, Reporting, RUBA, CRR, CRD IV, DPM, Mortgage Lending, Credit Risk, CREDITHAB Taxonomy, ACPR
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