Bundesbank Delays Adoption of ECB Rule on MFI Balance Sheet Statistics
Bundesbank issued a circular (48/2020) on postponement of the implementation of amendment to the ECB regulation (ECB/2013/33) on monetary financial institution (MFI) balance sheet statistics. ECB has postponed the implementation of this regulation until 2022, in view of the operational challenges faced by banks in the context of COVID-19 outbreak. Following the adoption of the ECB regulation, a supplementary Bundesbank order will be issued to specify the requirements of the regulation, including the relevant Bundesbank reporting schemes.
Originally, ECB had intended to adopt the amending regulation in Spring 2020. The final regulation and feedback statement will be published later this year and the implementation is foreseen for 2022. It is expected that the time at which reports will first have to be submitted, according to the revised Bundesbank reporting templates, will also be postponed by several months, probably until the beginning of 2022. The draft amendments to the ECB regulation (ECB/2013/33) introduce new reporting requirements that enhance analysis of monetary and credit developments. They also modify some existing requirements, definitions, and reporting derogations to support better integration with other statistical datasets. ECB had consulted on the draft regulation that amends Regulation ECB/2013/33 from February to March 2020.
Related Links (in German and English)
Keywords: Europe, Germany, Banking, Securitization, Reporting, Statistical Reporting, MFI, ECB, Bundesbank
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
ACPR Publishes Version 2.1.0.1 of CREDITHAB Reporting TaxonomyRelated Articles
PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
EBA Finalizes Standards on Methods of Prudential Consolidation
EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).
EBA Updates List of Other Systemically Important Institutions in EU
EBA updated the list of other systemically important institutions (O-SIIs) in EU.
BCBS Report Concludes Basel Risk Categories Can Capture Climate Risks
BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.
UK Authorities Welcome FSB Review of their Remuneration Regime
UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.
PRA and FCA Letter on Addressing Risks from Use of Deposit Aggregators
PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.
MFSA to Amend Banking Act and Rules in Coming Months to Transpose CRD5
MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.
EC Delegated Regulation on Specialized Lending Exposures Under CRR
EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.
OSFI Proposes to Enhance Assurance Expectations for Basel Returns
OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.
ECB Issues Results of Benchmarking Analysis of Recovery Plans of Banks
ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.
