PRA published a corrected version of the Branch Return Form for banks. PRA announced that the Branch Return Form published on September 12, 2019 contains incorrect validations in Part 3. Specifically, validation BRv011 should only apply to column 005, rather than all columns of Part 3. Also, incorrect validations that were embedded in Part 3 of the template at Row 80 in Columns 040, 050, and 060 should be removed. The scope of BRv011 has been narrowed and the other validations embedded in Part 3 have been deleted in the corrected version of the template. PRA expects to consult on making these changes in March, with a view that the revisions would take effect from May.
Keywords: Europe, UK, Banking, Branch Return Form, Reporting, Validation, PRA
Previous ArticleOSFI Publishes Instruction Guide on Solvency Information Return
Next ArticleBaFin Publishes Key Priorities for 2020
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA published the annual report on asset encumbrance of banks in EU.
MAS revised the guidelines that address technology and cyber risks of financial institutions, in an environment of growing use of cloud technologies, application programming interfaces, and rapid software development.
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.