Featured Product

    ECB Guideline on Recording of Data by Competent Authorities in RIAD

    March 31, 2020

    ECB published guideline (ECB/2020/16) on the recording of certain data by national competent authorities in the Register of Institutions and Affiliates Data (RIAD). The guideline establishes the obligations of national competent authorities with respect to the recording, maintenance, and quality management of reference data in RIAD for the purposes of supervisory tasks. The guideline also establishes the responsibilities of national competent authorities to liaise with the national central banks of their participating member states for recording reference data and entities in RIAD. The guideline shall take effect on the day of its notification to the national competent authorities. The national competent authorities shall comply with the guideline from March 31, 2020.

    ECB maintains the RIAD, which is the shared dataset of reference data on legal and other statistical institutional units. It supports business processes across the Eurosystem, the performance of the tasks of the European System of Central Banks (ESCB), and the specific tasks related to prudential supervision that have been conferred on ECB. The ECB Guideline (ECB/2018/16) establishes the obligations of national central banks with respect to the reporting of reference data to, and the maintenance and data quality management of, RIAD, for the purpose of ESCB tasks, and sets out the governance framework. The aim of the guideline (ECB/2020/16) is to establish the responsibilities of each national competent authority to record, update and validate reference data reported to ECB for the purpose of supervisory tasks.

    Pursuant to Article 3(2) of the EU Guideline 2018/876 (ECB/2018/16), each national central bank must establish a local RIAD hub, which acts as the unique point of contact for reference data matters relating to RIAD in the member state and coordinates activity, inter alia, with national competent authorities at national level to ensure the accuracy, timeliness, and consistency of reference data and to ensure the consistent use of identifiers for entities. This guideline (ECB/2020/16) accordingly establishes the responsibilities of each national competent authority to liaise with the national central bank in its participating member state.

     

    Related Links (in PDF)

    Keywords: Europe, EU, Banking, RIAS, Reporting, Data, Governance, Statistics, ECB 2018/16, ESCB, ECB

    Featured Experts
    Related Articles
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News
    News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News
    News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582