Featured Product

    FIN-FSA Issues Schedule for Reporting Supervisory Benchmarking Data

    January 17, 2019

    FIN-FSA released the schedule for reporting supervisory benchmarking (SBP) data in 2019. SBP reporting concerns credit institutions applying internal approaches in the calculation of own funds requirements. The reporting framework is described for each reporting institution category in the financial sector reporting map.

    Data for the purpose of comparison of internal approaches for the calculation of own funds requirements is to be submitted as follows:

    • SBP Market Risk templates (C_107.01–C_110.03) for the reference date January 31, 2019 are to be sent to FIN-FSA by February 28, 2019. 
    • SBP Credit Risk templates (C_101.00–C_105.03) for the reference date December 31, 2018 are to be submitted to FIN-FSA by April 11, 2019. 

    The implementing technical standards on reporting requirements concern credit institutions and apply as of December 31, 2018. The reporting requirements must be fulfilled using the EBA Reporting framework DPM 2.8.1.1 version. The most significant changes in the DPM 2.8.1.1 version are new prudent valuation templates, the start of resolution reporting, and breakdown of the COREP data collection into two modules (COREP OF and COREP LR). Additionally, minor changes have been made to the FINREP templates F 08.02, F 20.01, F 20.02, F 20.03, and F 30.02.

     

    Related Links

    Keywords: Europe, Finland, Banking, Reporting, Supervisory Benchmarking, Internal Approaches, Own Funds Requirements, SBP, Market Risk, Credit Risk, FIN-FSA

    Featured Experts
    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958