ECB published a draft regulation that amends Regulation (EU) No 1071/2013 on monetary financial institution (MFI) balance sheet statistics. The draft regulation includes additional statistical requirements for analyzing monetary and credit developments as well as refinements to some requirements, definitions, and reporting derogations where this supports better integration with other statistical datasets. The consultation runs until March 13, 2020.
The principal purpose of the MFI balance sheet statistics is to provide policy makers with a comprehensive and timely picture of monetary developments in the euro area. The regulation has been reviewed with the aim of keeping the statistics of ECB fit for purpose. The review also takes into account an assessment of the relative merits of new requirements against the potential costs to reporting agents. Statistical information on securitizations and other transfers by MFIs is necessary for ECB to effectively monitor the conditions of credit in the real economy. To ensure the timely analysis of credit and its role as counterpart to the monetary aggregates, the collection of such statistical information should be on a monthly basis, including for loans to households broken down by purpose and loans to non-financial corporations broken down by maturity.
Keywords: Europe, EU, Banking, Securities, Securitization, Reporting, Statistics, Statistical Reporting, MFI, ECB
Previous ArticleEBA Does Not Object to Proposed Macro-Prudential Measure by DNB
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.