Featured Product

    ECB Publishes Version 4.0.0 of SFRDP Taxonomy Package

    June 23, 2020

    ECB published version 4.0.0 of the SFRDP taxonomy package to be used by national competent authorities when submitting supervisory financial reporting data points (SFRDP) to ECB, in accordance with the Regulation 2020/605 on supervisory financial information. 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 2.8 framework release. It references the applicable tables of the EBA taxonomy, but limits their scope to the cells identified in the ECB Regulation. Additionally, ECB updated the list of additional supervisory data quality checks that are aimed at enhancing the quality of supervisory reporting data.

    Similar to the EBA XBRL taxonomies, individual and consolidated modules have been defined in the ECB SFRDP XBRL taxonomy 4.0.0. The taxonomy package contains three modules: FINREP_2.9.1-DP (FINREP Reporting Data Points (IFRS 9), Consolidated National GAAP); FINREP_2.9.1-Ind-DP (FINREP Reporting Data Points (IFRS 9), Individual National GAAP); and FINREP_2.9.1-Ind-DP (FINREP Reporting Data Points (IFRS 9), Individual IFRS). The SFRDP taxonomy provides a uniform technical format for data collection, defining the data items, business concepts, relations, visualizations, and validation rules. 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 document on XBRL filing information intends 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 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 4.0.0, Framework 2.8, Validation Rules, SFRDP Taxonomy, IFRS 9, EBA, ECB

    Featured Experts
    Related Articles
    News

    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.

    April 15, 2021 WebPage Regulatory News
    News

    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).

    April 15, 2021 WebPage Regulatory News
    News

    EBA Updates List of Other Systemically Important Institutions in EU

    EBA updated the list of other systemically important institutions (O-SIIs) in EU.

    April 15, 2021 WebPage Regulatory News
    News

    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.

    April 14, 2021 WebPage Regulatory News
    News

    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.

    April 14, 2021 WebPage Regulatory News
    News

    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.

    April 14, 2021 WebPage Regulatory News
    News

    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.

    April 14, 2021 WebPage Regulatory News
    News

    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.

    April 14, 2021 WebPage Regulatory News
    News

    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.

    April 13, 2021 WebPage Regulatory News
    News

    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.

    April 13, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6858