ACPR announced that Version 4.0.0 of the supervisory financial reporting data point (SFRDP) taxonomy has been deployed in the OneGate and SURFI applications. This version of taxonomy has been published by ECB and becomes applicable on June 30, 2020. The taxonomy has been deployed in the applications in a certification environment, except for the entry point “finrep9_ind_gaap_dp,” which will be implemented at the beginning of August. The taxonomy has been deployed in the production environment for all SFRDP entry points. In June 2020, ACPR had also implemented, in its information system, the updates linked to version 2.9.1 of the taxonomy for FINREP reporting.
On June 23, 2020, ECB had published version 4.0.0 of the SFRDP taxonomy package to be used by national competent authorities when submitting supervisory financial reporting data points to ECB, in accordance with the Regulation 2020/605 on supervisory financial information. Along with the taxonomy package, ECB also published release notes, templates, XBRL filing information, and validation rules. Version 4.0.0 of the ECB SFRDP XBRL taxonomy is an extension of the FINREP (FINREP 9) EBA XBRL taxonomy that is included in the EBA 2.8 framework release.
Keywords: Europe, France, Banking, Reporting, Taxonomy, SFRDP Taxonomy, Taxonomy 2.9.1, FINREP, Taxonomy 2.8, ECB, ACPR
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 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 updated the list of other systemically important institutions (O-SIIs) in EU.
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 (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.
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 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 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 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 published results of the benchmarking analysis of the recovery plan cycle for 2019.