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

    EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation

    The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).

    May 23, 2022 WebPage Regulatory News
    News

    EBA Publishes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.

    May 23, 2022 WebPage Regulatory News
    News

    OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities

    The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.

    May 17, 2022 WebPage Regulatory News
    News

    EBA Proposes Standards to Support Secondary NPL Markets

    The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.

    May 17, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).

    May 13, 2022 WebPage Regulatory News
    News

    EBA Issues Standards for Crowdfunding Service Providers Under ECSPR

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.

    May 13, 2022 WebPage Regulatory News
    News

    EU to Amend Credit Risk Adjustment Rules; ESAs Submit Queries on SFDR

    The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.

    May 13, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.

    May 12, 2022 WebPage Regulatory News
    News

    MAS Amends Notice 635 and Issues Second Proposal on Green Taxonomy

    The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.

    May 12, 2022 WebPage Regulatory News
    News

    EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA

    The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.

    May 11, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8201