BoE published the Statistical Notice 2020/4 to update the buy-to-let (BTL) Phase 2 and Phase 3 definitions for the Interest Rate Type data item. Additionally, the Phase 2 definitions have been updated for the Reversion Rate Type data item. The examples for specified rates have been changed to reference SONIA instead of LIBOR in the Rate Tracker and Floating Rate options. The update to the definitions is effective for June data reporting.
The BTL Form is being used to collect data on buy-to-let lending, with the data collection taking place in three phases from the third quarter of 2017. BoE requires the BTL data to be submitted on a quarterly basis via the BEEDS portal. The data is also submitted to the Council of Mortgage Lenders (CML). Files are to be first delivered to BoE on 20th working day after the end of a quarter.
- Statistical Notice 2020/04
- Definitions for Phase 2 (PDF)
- Definitions for Phase 3 (PDF)
- Additional Information on BTL
Keywords: Europe, UK, Banking, BTL Form, Buy-to-Let, Statistical Reporting, BoE
Previous ArticleSRB Publishes Final MREL Policy Under the Banking Package
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.
FFIEC, on behalf of its members that include US Agencies such as CFPB, FDIC, FED, NCUA, and OCC, issued a joint statement that sets out prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers.
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).