PRA Consults on the Insurance XBRL Taxonomy Version 1.1.0
PRA published a public working draft of version 1.1.0 of the BoE Insurance XBRL taxonomy, along with the related technical artefacts. This taxonomy supports the collection of the proposed changes to National Specific Templates, internal model output, market risk sensitivities, and standard formula reporting. This working draft is not intended for use in reporting. Feedback is invited, particularly from firms and software vendors, on the public working draft of the taxonomy and data point model artefacts by August 07, 2019. PRA aims to publish the final version of the taxonomy and data point model by the end of October 2019.
The taxonomy, data point model dictionary, annotated templates, and validation rules represent the requirements for Solvency II as set out in the occasional consultation paper CP13/19. This consultation is proposing minor amendments to the PRA Rulebook Parts, supervisory statements, and bank and insurer reporting templates. CP13/19 was published in June 2019 and the comment period for this consultation ends on August 07, 2019.
Related Links
- Notification
- Draft XBRL Taxonomy Version 1.1.0 (ZIP)
- Draft DPM Dictionary Version 1.1.0 (ZIP)
- Draft Validations Version 1.1.0 (ZIP)
- CP13/19 (PDF)
Comment Due Date: August 07, 2019
Keywords: Europe, UK, Insurance, Reporting, CP 13/19, Solvency II, National Specific Templates, Internal Model, XBRL, Taxonomy 1.1.0, DPM, Validation Rules, PRA, BoE
Featured Experts
Adam Koursaris
Asset and liability management expert; capable modeler; risk and capital specialist
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Related Articles
EBA Finalizes Remuneration Standards for Investment Firms in EU
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
ECA Recommends Actions to Enhance Resolution Planning for Banks
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA Proposes Rules on Identity Verification of Depositor Protection
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB Publishes Work Program for 2021
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA Issues Update on Move to New Data Collection Platform
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank Publishes Derivation Rules for Reporting by Banks
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED Revises Capital Planning and Stress Testing Requirements for Banks
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs Publish Reporting Templates for Financial Conglomerates
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
