Featured Product

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    July 10, 2020

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements. The package includes the validation rules, the Data Point Model (DPM) dictionary, and XBRL taxonomies. The key reporting changes reflected in the package are those that relate to the EBA guidelines on reporting and disclosures on COVID-19 measures and the updated implementing standards on supervisory benchmarking of internal models. EBA has also updated the DPM query tools.

    The amendments to the reporting framework will apply from different reference dates due to different application dates of the underlying regulatory requirements. This reporting framework 2.10 includes new FINREP reporting of COVID-19 measures and new COVID-19 taxonomy with four entry points: covid19_con_gaap, covid19_con_ifrs, covid19_ind_gaap, and covid19_ind_ifrs. The EBA guidelines on reporting and disclosures related to COVID-19 measures, which have been incorporated into this version of the reporting framework, were published on June 04, 2020 and have been applicable since June 30, 2020.

    The updated implementing technical standards on supervisory benchmarking of internal models will be applicable from December 31, 2020 (IMV from September 2020). The updates to the Supervisory Benchmarking Portfolio (SBP) framework include addition of four new templates (C 111, C112, C 113, and C 114) to deal with the benchmarking of valuation models under IFRS 9, now a part of the SBP CR module. Moreover, minor amendments have been introduced to the DPM, validation rules, and XBRL taxonomies for reporting on resolution planning as well as reporting on funding plans, which become applicable from December 2020.

     

    Related Links

    Keywords: Europe, EU, Banking, Reporting, Basel, COVID-19, Framework 2.10, Benchmarking Internal Models, Resolution Planning, Funding Plans, Taxonomy, DPM, Phase 2, Validation Rules, EBA

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514