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.
- 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)
Keywords: Europe, UK, Banking, Reporting, DPM, Taxonomy, Version 3.3.0, Capital +, Ring Fencing, Taxonomy 2.9, PS 16/19, Validation Rules, PRA, BoE
EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS updated rules for new housing loans by banks and finance companies.