BaFin and Bundesbank Publish Regulatory and Reporting Updates
The Federal Financial Supervisory Authority of Germany (BaFin) announced the decision to increase the countercyclical capital buffer (CCyB) rate from 0% to 0.75%, with effect from February 01, 2022. As announced earlier, BaFin also intends to introduce a sectoral systemic risk buffer of 2.0% for risk-weighted assets on loans secured by residential real estate as of April 01, 2022. Additionally, the General Decree on the systemic risk buffer is expected to be published at a later date. Deutsche Bundesbank, another German authority, published updates as part of the AnaCredit and the European Banking Authority (EBA) reporting framework by banks, along with the frequently asked questions about reporting risk-bearing capacity information, according to the Financial and Risk-bearing Capacity Information Ordinance (FinaRisikoV).
As part of the reporting updates, Bundesbank published Version 14 of the AnaCredit validation rules manual, which is expected to be valid from August 01, 2022. Changes have been made with respect to the completeness and consistency criteria and plausibility checks. The manual on validation rules supplements the guidelines for AnaCredit data and the reporting manual. It describes all validations that are performed to ensure satisfactory data quality. In addition to the validations, plausibility checks are performed to reveal outlier values. Additionally, with respect to the EBA reporting framework, Bundesbank published the nationally deactivated validation rules for reporting by banks. The document on nationally deactivated validation rules contains a list of the EBA validation rules deactivated in the Bundesbank system. The updated information in the document pertains to the EBA taxonomies 3.0 and 2.10 and the document is expected to be updated at regular intervals.
Related Links (in German)
- Press Release on CCyB
- General Order on CCyB
- AnaCredit Rules Manual (PDF)
- Nationally Deactivated Validation Rules (XLSX)
- Frequently Asked Questions (PDF)
Keywords: Europe, Germany, Banking, CCyB, Systemic Risk Buffer, Basel, Reporting, FAQ, AnaCredit, Validation Rules, Regulatory Capital, Plausibility Checks, BaFin, Bundesbank
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.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
ACPR Updates Taxonomic Controls Under CREDITIMMO TaxonomyRelated Articles
EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
EBA Publishes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
EIOPA Examines Physical Climate Risk Exposure, SII Non-Compliance
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
NGFS Report Explores Quantification of Climate Risk Differentials
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
EC Publishes Results on Review of Web Accessibility Directive
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
MAS Consults on Adjustment Spreads for Conversion of SOR Contracts
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
EBA Proposes Standards to Support Secondary NPL Markets
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
EBA Issues Standards for Crowdfunding Service Providers Under ECSPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
