Bundesbank released the XBRL taxonomy 2.9.1, pursuant to the implementing technical standards (ITS) on EBA reporting. The taxonomy version 2.9.1 contains the EBA ITS forms with the German header information. As modules in the COREP taxonomy enter into force on different dates, two different taxonomies will be valid in parallel in March 2020. For the March 31, 2020 reference date, the liquidity coverage ratio (LCR), LCR_DA, net stable funding ratio (NSFR), and ALM modules will have to be reported in accordance with taxonomy 2.8, whereas the LE, OF, and LR modules will have to be reported in accordance with taxonomy 2.9. Additionally, the framework for FINREP will apply from June 2020 while the supervisory benchmarking portfolios (SBP) framework will apply from December 2019.
Keywords: Europe, Germany, Banking, Reporting, Taxonomy, XBRL, Implementing Technical Standards, LCR, NSFR, COREP, Framework 2.9.1, FINREP, EBA, Bundesbank
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BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.