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
Previous ArticleACPR Publishes Version 184.108.40.206 of CREDITHAB Reporting Taxonomy
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.