Deutsche Bundesbank published reporting updates for banks, while the Federal Financial Supervisory Authority of Germany (BaFin) launched a consultation on additional liquidity outflows and announced the availability of test environment for incident reporting under the second Payment Services Directive (PSD2).
Below are the key highlights of the recent updates:
- Bundesbank updated derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system. It also updated the list of international organizations related to AnaCredit reporting.
- BaFin published a draft circular on additional liquidity outflows in connection with products and services in accordance with Article 23 of Delegated Regulation (EU) 2015/61 on liquidity coverage requirement. The draft circular specifies the prudential procedure for the application of Article 23 of Regulation (EU) 2015/61 and the corresponding provisions in Implementing Regulation (EU) No 680/2014 as amended by Implementing Regulation (EU) 2016/322, which is related to technical standards on reporting of liquidity coverage requirement. Among other things, the categories of products and services are specified and their liquidity outflows determined. In addition, the circular specifies the annual reporting requirement for the products and services for which the probability and the potential extent of liquidity outflows are significant. Comments are requested until July 25, 2022.
- BaFin announced that a test environment for major incident reporting under the Payment Services Directive (PSD2) has been activated on its electronic reporting platform. In March 2022, BaFin implemented the revised guidelines of the European Banking Authority (EBA) on major incident reporting under PSD2. BaFin specified that the guidelines will apply from October 01, 2022 for this incident reporting.
Related Links (in English and German)
- Bundesbank Notification on Derivation Rules
- Derivation Rules (XLSX)
- Bundesbank on List of International Organizations (XLSX)
- Bundesbank on AnaCredit Reporting Updates
- BaFin Press Release on Incident Reporting
- BaFin Press Release on Additional Liquidity Outflows
- BaFin Consultation on Additional Liquidity Outflows
Keywords: Europe, Germany, Banking, Basel, Reporting, Derivation Rules, AnaCredit, International Organizations, Additional Liquidity Outflows, LCR, Liquidity Risk, Incident Reporting, PSD2, Regtech, Bundesbank, BaFin
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The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
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The Financial Stability Institute (FSI) of the Bank for International Settlements recently published a paper proposing a framework for classifying financial stability regulation as either entity-based or activity-based.
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A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.
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HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.