PRA Publishes XBRL Taxonomy for Capital+ and Ring-Fencing Reporting
PRA published version 3.3.0 of the BoE banking XBRL taxonomy, along with the related technical artefacts, to support the collection of Capital+ and ring-fencing reporting. This version of the taxonomy, release note, data point model (DPM) dictionary, annotated templates, and validation rules covers requirements set out in the policy statement (PS16/19) on regulatory reporting with respect to EBA Taxonomy 2.9. The taxonomy update is aligned to the EBA taxonomy 2.9. In case of minor discrepancies compared to the templates in the PRA rulebook, PRA has issued a consultation and will finalize the changes, thus making the corresponding amendments to the PRA rulebook templates at a later date.
The release note highlights the following key points:
- Cosmetic changes have been made to the Capital+ and ring-fencing annotated templates to bring consistency across the BoE banking taxonomy.
- The table codes for Capital+ reporting have been amended in this update to ensure a common pattern for table codes is used across all frameworks. To align, an additional element was added to the Capital+ table codifications.
- Within taxonomy 2.9, EBA has moved to two severity statuses for validation rules: error and warning. This has been reflected in the version 3.3.0 of the banking taxonomy.
- For validations where table codes were not previously included in the scope and formula fields, the validation descriptions have been updated.
- The arithmetic approach used for validation rules within the Capital+ and ring-fencing frameworks has been indicated within the validations spreadsheet. This will be indicated for the other frameworks in due course.
Related Links
- Taxonomy Version 3.3.0
- Taxonomy Release Note Version 3.3.0 (PDF)
- XBRL Taxonomy Version 3.3.0 (ZIP)
- DPM Version 3.3.0 (ZIP)
- Taxonomy Validations Version 3.3.0 (XLSX)
- PS16/19
Keywords: Europe, UK, Banking, Reporting, DPM, Taxonomy, Version 3.3.0, Capital +, Ring Fencing, Taxonomy 2.9, PS 16/19, Validation Rules, PRA, BoE
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
BCBS Consults on Guidelines on Prudential and AML/CFT SupervisionRelated Articles
EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
EC Mandates ESAs to Propose Amendments to SFDR Technical Standards
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
EBA Examines Supervisory Practices, Issues Deposits Reporting Template
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
US Agency Publications Address Basel, Reporting, and CECL Developments
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
SEC Extends Comment Period on Climate Risk Disclosures
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
APRA Reduces Committed Liquidity Facility, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
PRA Issues Statement on NPEs and Policy on Trading Activity Wind-Down
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.
EBA Updates Standards for 2023 Benchmarking of Internal Approaches
The European Banking Authority (EBA) updated the implementing technical standards that specify the data collection for the 2023 supervisory benchmarking exercise in relation to the internal approaches used in market risk, credit risk, and IFRS 9 accounting.
EIOPA Responds to Stakeholder Views on Blockchain in Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.
