Bundesbank Releases SFRDP Taxonomy and Deactivated Validation Rules
Bundesbank published the ECB supervisory financial reporting data point (SFRDP) taxonomy 4.0.0 with "German header" information, in addition to an example instance for the supervisory financial reporting data points. The framework for FINREP or SFRDP is valid from June 2020. In addition, Bundesbank published a list of nationally deactivated validation rules for reporting by banks as part of the taxonomy 2.9, Version 1; this list of rules is valid from June 30, 2020. Bundesbank has updated the list with the deactivated validation rules, which—from the NGAAP perspective in Germany—are not in line with the respective reporting requirements.
Earlier, on June 23, 2020, ECB has 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.
Related Links (in German and English)
- SFRDP Taxonomy 4.0.0 (ZIP)
- SFRDP Instance Example (ZIP)
- Bundesbank XBRL Taxonomy
- ECB SFRDP Taxonomy
- List of Deactivated Validation Rules (XLSX)
- Bundesbank Validation Rules Page
Keywords: Europe, Germany, Banking, Reporting, Taxonomy, Implementing Technical Standards, FINREP, Taxonomy 2.8, Validation Rules, NGAAP, SFRDP Taxonomy, IFRS 9, EBA, ECB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
Bank of Italy Keeps Countercyclical Capital Buffer at Zero PercentRelated Articles
HM Treasury Publishes Policy Statement Amending Benchmarks Regulation
HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.
PRA Consults on Implementation of Certain Provisions of CRD5 and CRR2
PRA published the consultation paper CP17/20 to propose changes to certain rules, supervisory statements, and statements of policy to implement elements of the Capital Requirements Directive (CRD5).
US Agencies Finalize Rule to Reduce Impact of Large Bank Failures
US Agencies adopted a final rule that applies to advanced approaches banking organizations and aims to reduce interconnectedness in the financial system as well as to reduce contagion risks associated with the failure of a global systemically important bank (G-SIB).
US Agencies Finalize Rule on Net Stable Funding Ratio Requirements
US Agencies (FDIC, FED, and OCC) adopted a final rule that implements the net stable funding ratio (NSFR) for certain large banking organizations.
FSB Sets Out Effective Practices for Cyber Incident Recovery
FSB finalized the toolkit of effective practices to assist financial institutions in their cyber incident response and recovery activities.
ECB Publishes Eleventh Issue of the Macroprudential Bulletin
ECB published eleventh issue of the Macroprudential Bulletin, which provides insight into the ongoing work of ECB in the field of macro-prudential policy.
HM Treasury Seeks Views on Review of Solvency II Regime for Insurers
HM Treasury issued a call for evidence seeking views to reform the prudential regulatory regime—also known as Solvency II—of the insurance sector in UK.
ESRB Responds to EC Consultation on Review of Solvency II
ESRB responded to the EC consultation on review of Solvency II regime.
HM Treasury Consults on Phase II of Future Regulatory Framework Review
HM Treasury launched a consultation on Phase II of the Future Regulatory Framework Review, with the comment period ending on January 19, 2021.
EC Publishes Work Program for 2021
EC adopted the work program for 2021.
