EBA launched a new web page that includes the tools to access its data point model (DPM). The DPM contains information about what data should be reported and how it should be exchanged. It is a data dictionary encompassing the harmonized data requirements developed by EBA and included in its Technical Standards and Guidelines. To achieve a more complete data harmonization, the DPM may also include other data definitions related to EBA regulatory data.
The DPM can be viewed from three distinct aspects: content, process, and supporting data structure. The DPM serves, in different ways, both policy and IT experts involved in the regulatory data processing chain, from data exchange harmonization to data analysis and dissemination. Regulators, supervisors, financial institutions, service providers, other organisations, and the general public can use the DPM as a common repository of clear and structured specifications of the data referred to in the banking Regulation. The DPM includes:
- A common core vocabulary of elementary financial and prudential concepts, arranged in different categories and ready to be used in the definition of the regulatory data.
- A complete set of data points that are part of the regulatory frameworks, described by a distinct combination of elementary concepts of the core vocabulary.
- The reporting templates, their rendering information, the mapping of template cells with the data points, and the agreed validation rules. Additional metadata required for automating the generation of data exchange formats (XBRL taxonomies) is also included.
Keywords: Europe, EU, Banking, Reporting, DPM, Data Dictionary Tools, EBA
Previous ArticleESMA Updates Validation Rules Under Article 9 of EMIR
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.