Bundesbank Updates Validation and Derivation Rules for Reporting
Bundesbank updated Version 1.01 of the derivation rules for completeness check at the form level as well as two documents on the nationally deactivated validation rules for reporting by banks. The document titled "Further Nationally Deactivated Validation Rules" contains a list of the EBA validation rules deactivated in the Bundesbank system. The updated information in the "Further Nationally Deactivated Validation Rules" document pertains to the EBA taxonomies 3.0 and 2.10 and this document is expected to be updated at regular intervals. Bundesbank had, on July 13, 2021, published another document titled "Nationally Deactivated Validation Rules - Further information on HGB users on Taxonomy 3.0." This document pertains to the Taxonomy 3.0 (Version 2) and contains a list that includes validation rules that are, from the nGAAP perspective in Germany, not in line with the respective reporting requirements (rows marked red or grey) or have been reactivated due to modification by EBA (rows marked green).
Furthermore, the update on derivation rules pertains to the harmonized instructions and derivation specifications for the creation of completeness checks for reporting by banks. As noted in Version 1.01 of the derivation rules document, additional information has been provided with respect to "EM BE: R 02.00" and other minor corrections include the following:
- The "Module level requirements" for REM HE have been adjusted.
- C 34.XX: The abbreviations for the reporting expectation have been corrected (column G). Change from "M" to "U".
- C 08.06: "2nd level completeness check" corrected.
- C 17.01: "2nd level completeness check" removed.
- C 08.03 - C 08.07, C 34.02 - C 34.11: "2nd level completeness check" was added to the specification of the z-axis.
- FINREP 9 FULL - nGAAP: Missing information for F 40.02 added.
Related Links (in German)
- Derivation Rules (XLSX)
- Nationally Deactivated Validation Rules (XLSX)
- Further Nationally Deactivated Validation Rules (XLSX)
- Reporting Updates
Keywords: Europe, Germany, Banking, Reporting, Derivation Rules, Validation Rules, Framework 2.10, Framework 3.0, Ngaap, FINREP, COREP, 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
BOT Extends Loan Moratorium, Issues Guideline on Blockchain AdoptionNext Article
SBV Proposes to Develop Law on Bad Debt ResolutionRelated Articles
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
HKMA Announces Launch of Data Repository on Sustainable Finance
The Hong Kong Monetary Authority (HKMA) announced that the Green and Sustainable Finance (GSF) Cross-Agency Steering Group has launched the information and data repositories and outlined the progress made in advancing the development of green and sustainable finance in Hong Kong.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
NGFS Report on Integration of G-Cubed Model into NGFS Scenarios
The Network for Greening the Financial System (NGFS) published a report that explores the feasibility of integrating the G-Cubed general equilibrium model into the NGFS suite of models.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
