NBB announced that, from the reference period June 30, 2020 onward, a number of additional quality checks are being added to the validation process of the supervisory reporting in OneGate. The Banking Supervision Data Division of ECB, in cooperation with the national competent authorities within the Single Supervisory Mechanism, updated the list of extra data quality checks, in May 2020, in addition to the data quality checks already included in the supervisory reporting frameworks of EBA (COREP and FINREP). These extra checks are aimed at enhancing the quality of supervisory reporting data. ECB applies these checks in conjunction with other controls as part of the quality assessment of supervisory reporting data while national competent authorities implement them whenever possible and feasible.
Keywords: Europe, Belgium, Banking, Reporting, OneGate, Data Quality Checks, FINREP, COREP, Validation Rules, ECB, NBB
The Hong Kong Monetary Authority (HKMA) revised the Supervisory Policy Manual module CG-5 that sets out guidelines on a sound remuneration system for authorized institutions.
The European Banking Authority (EBA) published the final guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate parent undertakings in European Union (EU), as laid down in the Capital Requirements Directive (CRD).
In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.
The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.
The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.
The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.
The European Securities and Markets Authority (ESMA) published recommendations from the Working Group on Euro Risk-Free Rates (RFR) on the switch to risk-free rates in the interdealer market.
The European Central Bank (ECB) published a paper as well as an article in the July Macroprudential Bulletin, both of which offer insights on the assessment of the impact of Basel III finalization package on the euro area.
The International Swaps and Derivatives Association (ISDA) published a paper that explores the impact of the Fundamental Review of the Trading Book (FRTB) on the trading of carbon certificates.
The Prudential Regulation Authority (PRA) published the remuneration policy self-assessment templates and tables on strengthening accountability.