Featured Product

    ECB Publishes Version 5.0.0 of SFRDP Taxonomy Package

    June 16, 2021

    ECB published version 5.0.0 of the SFRDP taxonomy package to be used by national competent authorities when submitting the supervisory financial reporting data points (SFRDP) to ECB, in accordance with the Regulation 2021/943 on supervisory reporting. Along with the taxonomy package, ECB has published release notes, templates, XBRL filing information, and validation rules. The SFRDP XBRL taxonomy is an extension of the FINREP (FINREP 9) EBA XBRL taxonomy included in the EBA 3.0 framework release. It references the applicable tables of the EBA taxonomy, but limits their scope to the cells identified in the ECB Regulation.

    Similar to the EBA XBRL taxonomies, individual and consolidated modules have been defined in the ECB SFRDP XBRL taxonomy 5.0.0. The taxonomy package contains three modules: FINREP_3.0-DP (FINREP Reporting Data Points for IFRS 9, Consolidated National GAAP); FINREP_3.0-Ind-DP (FINREP Reporting Data Points for IFRS 9, Individual National GAAP); and FINREP_3.0-Ind-DP (FINREP Reporting Data Points for IFRS 9, Individual IFRS). The applicable validation rules from the referenced EBA XBRL taxonomy have been replicated in the SFRDP taxonomy and the suffix “_dp_xx” has been added to their codes. Their scope has been appropriately limited and the text of their error messages has been updated to correctly refer to the SFRDP tables. In addition, all applicable cross-table (that is, between original FINREP tables and the SFRDP tables) validation rules have been created and included in the taxonomy. Appropriate assertion set files and filing indicator preconditions have been added to the modules.

    The documentation on XBRL filing information is intended to provide national competent authorities with reporting instructions on the use of XBRL filing indicators in the relevant XBRL instance file submissions and the codes to be used on the file names for the relevant instances. On both topics, ECB has chosen to follow the existing rules and architecture defined by EBA. The document provides examples covering different scenarios of supervised entities required to report using the SFRDP taxonomy. Filing indicators are XBRL artefacts providing information about the reporting units—typically the templates—that are being reported in a given XBRL instance file. Filing indicators also trigger the appropriate taxonomy validation rules. An instance must contain a filing indicator associated with each template the supervised entity is intending to report.

     

    Related Links

    Keywords: Europe, EU, Banking, Reporting, FINREP, Taxonomy, Validation Rules, SFRDP Taxonomy, IFRS 9, Reporting Framework 3.0, EBA, ECB

    Featured Experts
    Related Articles
    News

    EC to Defer Application of SFDR Standards Till July 2022

    The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.

    July 23, 2021 WebPage Regulatory News
    News

    BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance

    The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.

    July 22, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Proportionality Assessment Methodology

    The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.

    July 22, 2021 WebPage Regulatory News
    News

    US Agencies Propose Changes to Call Reports and Instructions

    Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.

    July 22, 2021 WebPage Regulatory News
    News

    PRA Finalizes Rulebook Definition of Higher Paid Material Risk-Taker

    The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.

    July 21, 2021 WebPage Regulatory News
    News

    EBA Examines Asset Encumbrance in Banking Sector

    The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.

    July 21, 2021 WebPage Regulatory News
    News

    EBA Publishes Methodological Guide to Mystery Shopping

    The European Banking Authority (EBA) published a methodological guide to mystery shopping.

    July 21, 2021 WebPage Regulatory News
    News

    APRA Issues Update on Capital Reform Policy Settings for Banks

    The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.

    July 21, 2021 WebPage Regulatory News
    News

    CPMI-IOSCO Assess Continuity Planning of Market Infrastructures

    The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.

    July 21, 2021 WebPage Regulatory News
    News

    ESMA Responds to Proposal Related to Sustainability Standards Board

    The European Securities and Markets Authority (ESMA) has responded to the IFRS consultation on targeted amendments to the IFRS Foundation constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS Sustainability Standards.

    July 21, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7285