Featured Product

    EBA Amends Technical Standards on Supervisory and Resolution Reporting

    May 28, 2019

    EBA published amendments to the implementing technical standards on supervisory reporting. The updated corresponding Data Point Model (DPM) and XBRL taxonomy cover amendments to COREP and liquidity as well as to resolution planning reporting. This package forms a part of the EBA reporting framework version 2.9, which will be applicable for first submissions of data as of December 2019 (Resolution), March 2020 (COREP), and April 2020 (Liquidity). These final draft implementing technical standards will be submitted to EC for adoption, which is expected in the third quarter of 2019, together with the final draft implementing technical standards on FINREP changes (launched for consultation on August 28, 2018).

    The final draft implementing technical standards amending the Regulation (EU) No 680/2014 on supervisory reporting aim to keep reporting requirements in line with changes in the regulatory framework and with the evolving needs for risk assessments by supervisory authorities. This first set of updated implementing technical standards include:

    • Amendments with regard to COREP to reflect the new securitization framework
    • Amendments with regard to liquidity in response to the Liquidity Coverage Requirement (LCR) Delegated Act
    • Clarifications and corrections regarding COREP and additional monitoring metrics for liquidity (technical amendments)

    EBA also published the following documents covering modules on COREP, liquidity, and resolution planning:

    • A set of XML files forming the XBRL taxonomy and a description of the architecture of the XBRL taxonomy
    • A DPM data dictionary database together with a DPM table layout and data point categorization
    • A list of validation rules

    EBA has cooperated closely with SRB with regard to the reporting on resolution planning. This release of the DPM, validation rules, and taxonomy includes, for practical reasons, additional information required by SRB beyond the minimum framework established in EBA implementing technical standards on resolution reporting requirements, namely new information on critical functions and financial market infrastructures as well as amendments to the liabilities data reporting. The additional requirements of SRB are under the SRB responsibility and any question related to it should be addressed directly to SRB.

     

    Related Links

    Keywords: Europe, EU, Banking, Reporting, DPM, Reports Finance, COREP, Implementing Technical Standards, Taxonomy, LCR, Resolution Planning, Validation Rules, XBRL, EBA, SRB

    Featured Experts
    Related Articles
    News

    APRA Publishes Submission on Fintech and Regtech

    APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.

    January 21, 2020 WebPage Regulatory News
    News

    ECB Consults on Guideline on Threshold for Credit Obligations Past Due

    ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.

    January 20, 2020 WebPage Regulatory News
    News

    BIS Discusses Role of Central Banks in Addressing Climate Change Risks

    BIS published a book that reviews ways of addressing the climate change risks within the financial stability mandate of central banks.

    January 19, 2020 WebPage Regulatory News
    News

    FSB Report Examines Global Nonbank Financial Intermediation Activity

    FSB published the ninth annual report examining the global non-bank financial intermediation activity.

    January 19, 2020 WebPage Regulatory News
    News

    OSFI Publishes Instruction Guide on Solvency Information Return

    OSFI published an instruction guide to assist administrators of pension plans in completing the Solvency Information Return that is required to be filed with OSFI.

    January 17, 2020 WebPage Regulatory News
    News

    EU Amends IFRS 9 Rule, Changes Concern Interest Rate Benchmark Reforms

    EU published Regulation 2020/34 regarding the International Accounting Standard (IAS) 39 and International Financial Reporting Standards (IFRS) 7 and 9.

    January 16, 2020 WebPage Regulatory News
    News

    FDIC and OCC Issue Statement on Heightened Cyber Security Risk

    In response to the heightened cyber-security risk facing the financial services industry and other critical business sectors, FDIC and OCC issued an interagency statement on heightened cyber-security risk.

    January 16, 2020 WebPage Regulatory News
    News

    BCRA Updates Regulation on Capital Requirements and Information Regime

    BCRA updated the rules on minimum capital requirements for financial entities and on certain aspects of the information transparency regime for quarterly and annual supervision.

    January 16, 2020 WebPage Regulatory News
    News

    BoE and FCA Outline Next Steps for LIBOR Transition in 2020

    BoE, FCA, and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents that outline the LIBOR transition priorities and milestones for 2020.

    January 16, 2020 WebPage Regulatory News
    News

    BIS to Expand Central Bank Membership

    BIS is to expand its central bank membership base and to increase collaboration in its work as a forum for international cooperation and as a hub for central banks and other financial authorities.

    January 14, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4511