PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise. As set out in the 2021 Supervisory Benchmarking Portfolio exercise, the reference date for the Supervisory Benchmarking Portfolio—Initial Market Valuation (COR010) is September 24, 2020, with the data due to be submitted via the GABRIEL reporting system by October 02, 2020. The GABRIEL system will be able to accept submissions of the 2020 COR010 data from September 28, 2020. All other templates in the 2021 Supervisory Benchmarking Portfolio exercise must be submitted according to the EBA Taxonomy 2.10 requirements and the remittance dates set out in the EU Commission Implementing Regulation 2016/2070 and its annexes.
Requirements for the 2021 Supervisory Benchmarking Portfolio exercise (for the end of 2020) have been set out in the 2021 draft implementing technical standards that amend the EU Commission Implementing Regulation 2016/2070 with regard to benchmarking of internal models and in the accompanying annexes on market risk, credit risk, and IFRS 9. PRA expects these amendments to the implementing technical standards (2016/2070) in relation to benchmarking portfolios, reporting templates, and reporting instructions to be made applicable before the end of the transition period of the withdrawal of UK from EU.
Keywords: Europe, UK, Banking, Credit Risk, Market Risk, Reporting, Reporting Framework 2.10, Internal Models, Implementing Technical Standards, Benchmarking Exercise, PRA
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.
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.
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
ECB published a letter from Andrea Enria, the Chair of the Supervisory Board of ECB, answering questions raised by the President of the Bundestag (the German federal parliament) on how ECB assesses the financial stability of the euro area in the context of the significant level of nonperforming loans.