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    Bundesbank Updates Derivation Rules for Reporting by Banks

    November 23, 2020

    Bundesbank updated the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system. The requirements apply to all credit institutions within the meaning of the Capital Requirement Regulation (CRR). The Version 4.1 makes few corrections to the previous version 4.0. The changes can be found in the table sheets with a colored background and are marked in yellow in the "Change" column.

    ECB has formulated data quality requirements for uniform supervision in the Single Supervisory Mechanism (SSM). These requirements are being checked against five criteria: punctuality, completeness, correctness and consistency, continuity, and plausibility. The completeness check is based on the existence of all modules and forms to be submitted. The completeness of a report depends on factors specific to the institution and is, therefore, assessed on an individual basis. In addition to the checks at the module and form levels, completeness is also checked at the data point level. 

     

    Related Links (in German)

    Keywords: Europe, Germany, Banking, Reporting, Derivation Rules, SSM, CRR, Bundesbank 

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