Featured Product

    ECB Issues Certain Statistical Reporting Rules for Credit Institutions

    January 27, 2021

    ECB published a regulation (ECB/2021/1) that establishes the minimum reserve requirements for credit institutions, in line with the Capital Requirements Directive (CRD IV: 2013/36/EU), and for certain branches of credit institutions. Another recently published ECB regulation (ECB/2021/2) establishes the reporting requirements for certain reporting agents that are resident in the euro area member states with regard to the statistical information on balance sheet items; these reporting agents include monetary financial institutions other than credit institutions, credit institutions, and certain branches of credit institutions. ECB/2021/1 and ECB/2021/2 shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union. Both regulations shall apply from June 26, 2021, with certain exceptions.

    In addition to certain CRD IV credit institutions, ECB/2021/1 also establishes the minimum reserve requirements for "branches of credit institutions, including branches established in member states whose currency is the euro (euro area Member State) of credit institutions with neither their registered office nor their head office located in a euro area member state; but excluding branches established outside of a euro area member state of credit institutions which are established in a euro area member state." ECB/2021/1 includes provisions related minimum reserve holdings by institutions, exemptions from minimum reserve requirements, calculation of reserve base and minimum reserves, maintenance period, remuneration, indirect holding of minimum reserves through an intermediary, and aggregated reporting of the reserve base. 

    ECB/2021/2 specifies that The actual reporting population shall consist of monetary financial institutions (MFIs) and non-MFI credit institutions that are resident in the territory of the euro area member states. The first reporting of monthly statistical information pursuant to Article 5(1) and (2) of ECB/2021/2 shall start with data for January 2022. The first reporting of quarterly statistical information pursuant to Article 5(1) and (2) shall start with data for the first quarter of 2022. To ensure the continued availability of the necessary data, the quarterly data requirements should be maintained with respect to the reference period of the fourth quarter of 2021. The reporting requirements established pursuant to this ECB/2021/2 should, therefore, apply after the respective reference period for the monthly information to be reported, namely February 01, 2022. 

     

    Related Links

    Effective Date: OJ+5 Days

    Keywords: Europe, EU, Banking, MFI, Regulatory Capital, Minimum Reserve Requirements, Reporting, CRD IV, ECB

    Featured Experts
    Related Articles
    News

    BSP Tackles Aspects of Lending and Islamic, Open & Sustainable Finance

    The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.

    January 16, 2022 WebPage Regulatory News
    News

    US Agencies Issue Regulatory Updates, FDIC Launches Tech Sprint

    The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.

    January 13, 2022 WebPage Regulatory News
    News

    EBA Issues Guide on Bank Resolvability, Consults on Transferability

    The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).

    January 13, 2022 WebPage Regulatory News
    News

    MFSA Publishes CRD5 Updates and Supervisory Priorities for 2022

    The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0.

    January 13, 2022 WebPage Regulatory News
    News

    HKMA Extends Repayment for Trade Facilities, Consults on Crypto-Assets

    The Hong Kong Monetary Authority (HKMA) published a circular, along with the reporting form and instructions, for self-assessment, by authorized institutions, of compliance with the Code of Banking Practice 2021.

    January 12, 2022 WebPage Regulatory News
    News

    FCA Registers Securitization Repositories; PRA Issues 2022 Priorities

    The Financial Conduct Authority (FCA) decided to register European DataWarehouse Ltd and SecRep Limited as securitization repositories under the UK Securitization Regulation, with effect from January 17, 2022.

    January 12, 2022 WebPage Regulatory News
    News

    EC Regulation Sets Out Methods for Measuring K-Factors Under IFR

    The European Commission (EC) published the Delegated Regulation 2022/25, which supplements the Investment Firms Regulation (IFR or Regulation 2019/2033) with respect to the regulatory technical standards specifying the methods for measuring the K-factors referred to in Article 15 of the IFR.

    January 11, 2022 WebPage Regulatory News
    News

    BIS Studies How Platform Models Impact Financial Stability & Inclusion

    The Bank of International Settlements (BIS) published a paper that assesses the ways in which platform-based business models can affect financial inclusion, competition, financial stability and consumer protection.

    January 10, 2022 WebPage Regulatory News
    News

    CBE Issues Additional Measures to Ease Disruptions from Pandemic

    The Central Bank of Egypt (CBE) published a circular with instructions on emergency liquidity assistance to banks that are unable to meet their liquidity requirements.

    January 10, 2022 WebPage Regulatory News
    News

    ESAs Publish List of Financial Conglomerates for 2021

    The European Supervisory Authorities (ESAs) published the list of identified financial conglomerates for 2021.

    January 07, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 7868