FIN-FSA published a new demo version of the FIN-FSA Reporting Application (XBRL/XML) in the Jakelu distribution service. The demo version can be used to test workbooks conforming to the taxonomies of EBA Data Point Model (DPM) version 184.108.40.206 and EIOPA DPM version 2.4.0.
EBA DPM version 220.127.116.11 will enter into force gradually during 2020. The Reporting Application does not contain EGDQ checks developed by ECB Expert Group on data quality. EIOPA DPM version 2.4.0 will enter into force starting with the fourth quarter of 2019 reporting. Workbooks will not contain the EIOPA validation rules in the future. The workbooks contain formula cells based on EIOPA validation rules. There have been no changes to the content of the Pension Fund data collection.
The workbooks are downloadable from the Jakelu Distribution Service, in accordance with the taxonomies of the latest valid DPM version. In the workbooks, it is possible to enter values, save a report file and a CSV file, and import data. FIN-FSA hopes that reporting entities will test the workbooks as comprehensively as possible. The Reporting Application and workbooks are not the versions intended for reporting. Development will continue in the FIN-FSA until the publication of final Reporting Application version and workbooks intended for reporting (estimated release date November).
Related Link: Press Release
Keywords: Europe, Finland, Banking, Insurance, Securities, Pension Funds, Reporting, DPM, FIN-FSA, Solvency II, EBA, ESMA, EIOPA
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EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.