BIRD Initiative of ESCB Publishes Documentation on BIRD Release 2.0
Documentation of the Banks' Integrated Reporting Dictionary (BIRD) Release 2.0 has been published. This release consists of a complete methodology used to describe the various datasets of the different layers (for example: Input Layer, Output Layer) in the BIRD. The transformation rules necessary to generate the covered regulatory frameworks will be added in the upcoming release 2.1.
BIRD Release 2.0 integrates the following reporting requirements:
- EBA Implementing Technical Standards with respect to FinRep requirements (version 2.7), implementing the CRD IV/CRR framework.
- Regulation (EU) 2016/867 of ECB on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
- Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384. It concerns the collection of Statistics on Holdings of Securities (SHS).
The following are the key changes compared to the previous release:
- Enhanced dictionary functionalities (that is, improvements of the metadata methodology) that provide additional features for describing integrated data.
- Description of FinRep Templates (using both, the DPMs codification system as and the reference codification system) based on this methodology.
- New structure and content of the technical guidelines: It contains documentation with concrete examples to understand the methodology and the transformation rules, both in a general environment and with respect to specific frameworks.
- Entity relationship model visualization: on the sidebar you find a tab linking you to the BIRD’s Input Layer ERM as well as the dictionary’s underlying Information Model ERM. Both ERMs are interactive; double-clicking on an entity will link to the description of the entity.
- Dictionary navigator improvements: It provides different access points to the content of the dictionary.
In the future, new visualization tools will be provided for mappings, transformations, and hierarchies. Transformation rules will also be provided to derive FinRep Templates as well as AnaCredit and SHS, starting from the BIRD Input Layer.
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Keywords: Europe, Banking, BIRD Database, Reporting, AnaCredit, SHS, FINREP, Statistics, BIRD
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