ECB published Release 4.2 of the Banks' Integrated Reporting Dictionary (BIRD) Database. The BIRD Database Release 4.2 includes updates on transformations for the asset encumbrance framework, error corrections, and certain improvements to the previous release.
The BIRD Release 4.2 incorporates the following reporting requirements:
- EBA implementing technical standards on data requirements for resolution planning, implementing the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR)
- EBA technical standards on asset encumbrance data requirements under Article 100 of the Capital Requirements Regulation (CRR)
- EBA technical standards on FINREP requirements (updated to version 2.8), implementing the Capital Requirements Directive (CRD IV) and CRR
- Regulation (EU) 2016/867 of ECB on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
- Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384, concerning statistics on holdings of securities (SHS)
This release includes a full update of the validation and transformation language (VTL) used for transformations that is described in VTL 2.0, which was released by the Statistical Data and Metadata eXchange (SDMX) community in July 2018. This release also contains the complete methodology for describing various datasets of the different layers (such as the Input Layer and Output Layer) of BIRD.
Keywords: Europe, EU, Banking, Reporting, Asset Encumbrance, FINREP, AnaCredit, SHS, SRMR, Statistics, BIRD, BRRD, CRR/CRD, BIRD Release 4.2, ECB
Previous ArticleAPRA Approves IOOF Bid to Purchase ANZ Superannuation Licensees
The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The European Securities and Markets Authority (ESMA) has responded to the IFRS consultation on targeted amendments to the IFRS Foundation constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS Sustainability Standards.