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.
Related Links
Keywords: Europe, Banking, BIRD Database, Reporting, AnaCredit, SHS, FINREP, Statistics, BIRD
Previous Article
ECB Updates Q&A on AnaCredit Regulation in June 2018Related Articles
|
News
HKMA Decides to Maintain Countercyclical Capital Buffer at 2.5%HKMA announced that, in accordance with the Banking (Capital) Rules, the countercyclical capital buffer (CCyB) ratio for Hong Kong remains at 2.5%.
April 16, 2019
WebPage
Regulatory News
|
|
News
EP Approves Agreement on Package of CRD 5, CRR 2, BRRD 2, and SRMR 2The European Parliament (EP) approved the final agreement on a package of reforms proposed by EC to strengthen the resilience and resolvability of European banks.
April 16, 2019
WebPage
Regulatory News
|
|
News
FDIC Consults on Approach to Resolution Planning for IDIsFDIC approved an Advance Notice of Proposed Rulemaking (ANPR) and is seeking comment on ways to tailor and improve its rule requiring certain insured depository institutions (IDIs) to submit resolution plans.
April 16, 2019
WebPage
Regulatory News
|
|
News
EP Resolution on Proposal for Sovereign Bond Backed SecuritiesThe European Parliament (EP) published adopted text on the proposal for a regulation of the European Parliament and of the Council on sovereign bond-backed securities (SBBS).
April 16, 2019
WebPage
Regulatory News
|
|
News
PRA Seeks Input and Issues Specifications for Insurance Stress TestsPRA announced that it will conduct an insurance stress test for the largest regulated life and general insurers from July to September 2019.
April 15, 2019
WebPage
Regulatory News
|
|
News
PRA Finalizes Policy on Approach to Managing Climate Change RisksPRA published the policy statement PS11/19, which contains final supervisory statement (SS3/19) on enhancing banks’ and insurers’ approaches to managing the financial risks from climate change (Appendix).
April 15, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for April 2019EBA published answers to nine questions under the Single Rulebook question and answer (Q&A) updates for this week.
April 12, 2019
WebPage
Regulatory News
|
|
News
EIOPA Statement on Application of Proportionality in SCR SupervisionEIOPA published a supervisory statement on the application of proportionality principle in the supervision of the Solvency Capital Requirement (SCR) calculated in accordance with the standard formula.
April 11, 2019
WebPage
Regulatory News
|
|
News
FED Updates Form and Supplemental Instructions for FR Y-9C ReportingFED updated the form and supplemental instructions for FR Y-9C reporting. FR Y-9C is used to collect data from domestic bank holding companies, savings and loan holding companies, U.S intermediate holding companies, and securities holding companies with total consolidated assets of USD 3 billion or more.
April 11, 2019
WebPage
Regulatory News
|
|
News
OSFI Finalizes Guidelines on Liquidity Adequacy and NSFR DisclosuresOSFI published the final Liquidity Adequacy Requirements (LAR) guideline and the net stable funding ratio (NSFR) disclosure requirements guideline.
April 11, 2019
WebPage
Regulatory News
|
