SRB Launches Resolution Reporting Data Collection Exercise for 2021
SRB, in collaboration with the national resolution authorities, is starting its annual Resolution Reporting Data Collection exercise. During the 2021 exercise, the collection will be based on data as at December 31, 2020. SRB has published guidance, taxonomy extension documents, and templates for 2021 resolution reporting. The guidance has been published for the 2021 Liability Data Report (LDR), Critical Functions Report (CFR), and Financial Market Infrastructure Report (FMIR). The reporting deadline for the Liability Data Report is March 31, 2021 while the deadline for all other reports under the Commission Implementing Regulation 2018/1624 is April 30, 2021. SRB also decided to anticipate ongoing work with EBA on MREL reporting, following changes to the Banking Package. The data request for the Additional Liability Report is reflected in a dedicated reporting template and related guidance to be used for the 2021 data collection. This data request will not pre-empt the orientation of the MREL policy rather it is inherent to the build-up of the policy and has been designed to ensure the timely collection of data starting from March 2021.
SRB is responsible for centralizing resolution reporting for banks under its remit, before these are transferred to EBA. SRB has provided a list of reports that it will collect from national resolution authorities exclusively in XBRL format. As was the case in previous collections, national resolution authorities will communicate reporting requirements of banks, as determined in collaboration with SRB. SRB has highlighted the overlap between the EBA and SRB reporting requirements. Where an SRB Replacement Report exists (for example, Z 02.00 on is replaced by T 01.00), only the replacement report should be sent by a bank (T 01.00). If no SRB Replacement Report exists (for example, Z 10.01), then the Z report needs to be sent (if requested by national resolution authority/SRB from the reporting entity). With the exception of T99.00, the "Other SRB Liability templates" should only be filled when explicitly requested by national resolution authority/SRB (granular reporting of POE files).
SRB also published the filing rules (version 4.0), validation rules (version 2.2), and taxonomy related to the 2021 resolution reporting. SRB taxonomy publication represents an SRB extension to the implementing technical standard EBA 2.10. This extension contains minor changes to EBA taxonomy and the validation rules, the changes which SRB deems necessary to facilitate data collection in the XBRL format in 2021. SRB reminded that banks are expected to reflect both the EBA 2.10 XBRL taxonomy and the SRB taxonomy extension when building their XBRL reporting systems for 2021. To ensure banks meet the reporting deadlines, SRB recommends that all banks implement the following measures:
- To support high quality and complete data, the resolution reports should be submitted in line with the published guidance, with validation checks performed by the bank ensuring reconciliation with its FINREP and COREP regulatory reporting requirements (where applicable).
- Banks should ensure that they have the necessary IT processes in place to facilitate a timely, controlled, and robust reporting process generating consistent and reliable results.
Related Links
- 2021 Resolution Reporting
- Guidance on Liability Data Report
- Guidance on Critical Functions Report
- Guidance on Financial Market Infrastructure Report
- 2021 Template for Additional Liability Data Report
- Guidance on Additional Liability Data Report
- Regulation 2018/1624
Keywords: Europe, EU, Banking, Resolution Framework, Reporting, Liability Data Report, MREL, FINREP, COREP, Validation Rules, XBRL Taxonomy, FMIR, Data Collection, Framework 2.10, EBA, SRB
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
Related Articles
EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
EBA Publishes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
EBA Proposes Standards to Support Secondary NPL Markets
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
EBA Issues Standards for Crowdfunding Service Providers Under ECSPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
EU to Amend Credit Risk Adjustment Rules; ESAs Submit Queries on SFDR
The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.
MAS Amends Notice 635 and Issues Second Proposal on Green Taxonomy
The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.
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.