BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal. BEEDS is an application that enables firms to complete and submit data submissions online. Using this application, firms can view the information BoE holds keep it up to date. BoE intends to move away from the Online Statistical Collection Application (OSCA) by the end of October 2022.
BoE also announced that it plans to move the reporting format from XML to XBRL. The draft XBRL taxonomy and data point model will be released to software houses as soon as possible. Migration to the new system will take place over an extended period and BoE will put in place a pilot exercise of early adopters. BoE expects to provide further details via additional Statistical Notices.
Related Link: Notice
Keywords: Europe, UK, Banking, Statistical Reporting, BEEDS, XML, XBRL, OSCA, BoE
Previous ArticleBNM Publishes Regulatory Updates Impacting Banking Sector
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA published the annual report on asset encumbrance of banks in EU.
MAS revised the guidelines that address technology and cyber risks of financial institutions, in an environment of growing use of cloud technologies, application programming interfaces, and rapid software development.
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.