BIRD Initiative of ESCB Publishes Documentation on BIRD Release 4.0

By Regulatory News

July 10, 2019

Basel III, Regulatory Reporting: EU

Documentation of the Banks' Integrated Reporting Dictionary (BIRD) Release 4.0 has been published. This release has completely updated the Validation and Transformation Language (VTL) used for transformations that it is now described in the VTL 2.0, which was released in July 2018 by the SDMX community. It consists of a complete methodology used to describe the various datasets of the different layers (for example, Input Layer, Output Layer) in the BIRD.

The BIRD Release 4.0 integrates the following reporting requirements:

EBA Implementing Technical Standards with respect to Resolution Planning data requirements, implementing the Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation (BRRD/SRMR) framework.
EBA Implementing Technical Standards with respect to Asset Encumbrance data requirements, under Article 100 of the Capital Requirements Regulation
EBA Implementing Technical Standards with respect to FinRep requirements (updated to Version 2.8), implementing the Capital Requirements Directive and Regulation (CRD IV/CRR) framework.
Regulation (EU) 2016/867 of ECB on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384, on the collection of Statistics on Holdings of Securities (SHS)

In addition, a meeting on BIRD testing with software vendors and consultancy companies that are participating in the testing was held in May 2019. Also, the annual meeting with software vendors and consultancy companies, which was originally planned for September 24, 2019 has been postponed to 2020, as work on BIRD testing is underway and the result of the activities will be presented in 2020.

Related Links

Keywords: Europe, EU, Banking, Reporting, Asset Encumbrance, FinRep, AnaCredit, SHS, CRR, SRMR, Statistics, BIRD Database, BIRD

Featured Experts

EBA Welcomes ECA Recommendations for Improving Stress Tests in EU


News APRA Consults to Standardize Submission Date for Quarterly Reporting APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies. November 08, 2019 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for November 2019 EBA updated the Single Rulebook question and answer (Q&A) tool with answers to two questions. The answers provide clarifications on topics related to own funds and strong customer authentication under the revised Payment Services Directive or PSD2. November 08, 2019 WebPage Regulatory News
News FED Proposes to Extend Initial Compliance Dates Under SCCL Rule FED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule. November 08, 2019 WebPage Regulatory News
News EBA Publishes Technical Package on Reporting Framework 2.9.1 EBA published a new release of the reporting framework 2.9.1. This release includes validation rules, Data Point Model (DPM) data dictionary, XBRL taxonomy, and other supporting documents. Additionally, the release fixes some modeling issues on COREP Liquidity and FINREP. November 08, 2019 WebPage Regulatory News
News EBA Publishes Methodology and Draft Templates for Stress Tests in 2020 EBA published a package for the 2020 EU-wide stress test exercise for banks. November 07, 2019 WebPage Regulatory News
News EC Publishes Results of Fitness Check of Reporting Requirements in EU EC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU. November 07, 2019 WebPage Regulatory News
News BCBS Assesses NSFR and LE Rules in Argentina and China as Compliant BCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China. November 07, 2019 WebPage Regulatory News
News FSB Publishes Summary of Plenary Meeting in Paris At the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020. November 07, 2019 WebPage Regulatory News
News HKMA Highlights Technology Initiatives at the Hong Kong FinTech Week HKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide. November 06, 2019 WebPage Regulatory News
News ECB Report on Fallback Provisions in Contracts Referencing EURIBOR ECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR. November 06, 2019 WebPage Regulatory News

RESULTS 1 - 10 OF 4118