ACPR Requests Applications for Tech Sprint, Issues Reporting Updates
The French Prudential Supervisory Authority (ACPR) requested applications for the 2022 Tech Sprint on Confidential Data Pooling (CDP). ACPR also issued an update on information meeting conducted for banking sector; the meeting was held in March 2022. In addition, ACPR issued a statement regarding the new format of the functional business cards related to reporting, along with a statement on changes to the OneGate portal.
Below are the key details of the recent updates:
- The ACPR Fintech-Innovation Hub is hosting the 2022 Tech Sprint. The challenge will pertain to collaborative analytics and sensitive data pooling. The challenge will be linked to the experimentation designed and coordinated by the ACPR aiming to assess the benefits from data pooling in anti-money laundering and countering the financing of terrorism (AML-CFT). Tech Sprint participants are invited to design and implement a proof of concept of their CDP solution, using fictitious data and a demo scenario provided by the ACPR. The results of their work shall be presented to the public on September 13, 2022. Deadline to send in the applications ended on June 03, 2022.
- The key topics discussed during the information meeting for banks include data quality statistics, switching to legal entity identifier (LEI), upcoming regulatory changes, taxonomy calendar, new prudential data collection application (known as DLPP), and changes to the OneGate design.
- Regarding the new format of the functional business cards related to reporting, the business cards will now be made available to in .HTML format instead of Excel format. This new format will be made available on the OneGate test portal during the week of May 02, 2022. The communication of business cards on the OneGate production portal is planned during the week of May 09, 2022.
Related Links (in English and French)
- Notification on 2022 Tech Sprint
- Call for Applications (PDF)
- Press Release on Information Meeting for Banks
- Presentation on Information Meeting (PDF)
- Press Release on New Format of Functional Business Cards
- Press Release on Changes to OneGate Portal
Keywords: Europe, France, Banking, Basel, Reporting, LEI, DLPP, Onegate, Test Environment, Taxonomy, Tech Sprint, Fintech Innovation Hub, Regtech, AML CFT, ACPR
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
CBIRC Issues Update on Supervision Framework for BanksRelated Articles
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
UK Authorities Issue Regulatory and Reporting Updates for Banks
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
BCBS Issues Climate Risk Principles while HKMA Expresses Its Support
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.
