Featured Product

    ECB Updates Guidance on Reporting of Securities Holdings Statistics

    May 26, 2020

    ECB updated the guidance notes for reporting related to the statistics on holdings of securities by reporting banking groups (SHSG). The notes explain the methodology behind the reporting requirements and provide guidance on the approach that may be followed in cases where the relevant ECB legal act leaves scope for interpretation. ECB also updated the code list repository in which specific code lists for the SHSG data collection have been defined. As per the change log, due to Brexit, the code for UK has changed from 13GB (valid to the reference period of the fourth quarter of 2019) to 18GB (valid from the reference period of the first quarter of 2020); for the old code a transitional period will be applied until the reference period of the second quarter of 2020.

    The aim of the published guidance notes is to clarify the requirements and definitions laid down in the SHS Regulation. The notes also contain clarifications and examples for the requirements and definitions laid down in the SHS Regulation. The scope of the reporting as defined in Article 1(4) of the SHS Regulation follows the prudential approach as set out in Directive 2013/36/EU and Capital Requirements Regulation (CRR). Consequently, the security holdings of all domestic and foreign financial entities of the groups (captured by the prudential scope) have to be included in the reporting. The holdings of the appointed heads of banking groups have to be reported as well. The guidance notes for reporting agents contain the following information:

    • Scope of the SHSG data collection
    • Specifications with regard to the instrument categories covered
    • Summary of  general reporting requirements
    • Detailed description of the attributes included in the reporting with a breakdown by various attribute types
    • Data reporting covering holdings of securities classified under the following instrument categories, including debt securities, listed shares, investment fund shares, or units

    In accordance with Article 3a(1) of the SHS Regulation, group data reporting agents must, on a quarterly basis, provide the relevant national central banks with security-by-security data on the end-quarter positions of securities. The detailed implementation of the data collection from reporting agents to national central banks—that is, further material such as templates, code lists, and other technical specifications with regard to the primary reporting—is organized at national level under the responsibility of the relevant national central bank. The national central banks are to decide by when they need to receive data from actual reporting agents to be able to perform the necessary quality control procedures and to meet the deadlines for transmission to the SHS database, as laid down in Article 6b of the SHS Regulation. 

     

    Related Links

    Keywords: Europe, EU, Banking, SHS, Brexit, Code List, SHS Regulation, Data Collection, ECB

    Related Articles
    News

    BCBS Amends Capital Treatment of Non-Performing Loan Securitizations

    BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.

    November 26, 2020 WebPage Regulatory News
    News

    BoE to Move Statistical Data Collection to BEEDs Portal

    BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.

    November 25, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Standards and Guidance for EFS Data Collection

    APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.

    November 24, 2020 WebPage Regulatory News
    News

    EC Consults on Criteria for Environmentally Sustainable Activities

    EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.

    November 20, 2020 WebPage Regulatory News
    News

    IFRS Examines Incorporation of Climate Risk Issues into IFRS Standards

    The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.

    November 20, 2020 WebPage Regulatory News
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6162