CSSF published Circular 20/737 in relation to the semi-annual reporting of borrower-related residential real estate, or RRE, indicators. The objective of Circular CSSF 20/737 is to modify Circular CSSF 18/703 and to inform about an update to the data collection template. The Annex to Circular CSSF 20/737 presents the changes under a "track changes" format.
Circular CSSF 18/703 introduced a semi-annual reporting of borrower-related residential real estate indicators, including definitions of these indicators and a template to be used for the collection of these indicators. The Circular CSSF 20/737 modifies the data collection template, which can be found on the CSSF website. The circular specifies that CSSF will collect the residential real estate data semi-annually, in the months of April and October each year. The reference date for the data collection will be the December 31 and June 30, respectively.
Related Link: Circular CSSF 20/737 (PDF)
Keywords: Europe, Luxembourg, Banking, Residential Real Estate, Reporting, Data Collection, Credit Risk, CSSF
Previous ArticleESRB Publishes Report on Systemic Cyberattacks
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.