BoE Publishes Draft and Corrective Versions of Banking XBRL Taxonomy
BoE published a public working draft of Version 3.3.0 of the banking XBRL taxonomy, along with the related technical artefacts. This version of the taxonomy is intended to support collection of Capital+ and ring-fencing reporting information. BoE is inviting feedback, particularly from firms and software vendors, on the working draft of the taxonomy and data point model (DPM) artefacts by October 07, 2019. BoE aims to publish the updated banking XBRL taxonomy by the end of January 2020. Additionally, BoE published Version 3.2.1 of the banking XBRL taxonomy as a corrective release for all entry points, rectifying a compatibility issue in Version 3.2.0.
Public working draft of Version 3.3.0 of the banking XBRL taxonomy—The taxonomy, DPM dictionary, annotated templates, and validation rules represent the requirements for the policy statement PS16/19 on regulatory reporting related to EBA Taxonomy 2.9. The working draft of the taxonomy is aligned to the EBA Taxonomy 2.9. In cases of minor discrepancies compared to the templates in the PRA Rulebook, BoE will consult on making the corresponding amendments to the PRA Rulebook templates at a later date. Within Taxonomy 2.9, EBA has moved to two severity statuses for validation rules—namely, error and warning. This is reflected in the working draft of the banking taxonomy Version 3.3.0. BoE has also made cosmetic changes to the Capital+ and ring-fencing annotated templates, to bring consistency across the banking taxonomy.
Version 3.2.1 of the banking XBRL taxonomy—This version of the taxonomy, DPM dictionary, annotated templates, and validation rules covers requirements for Pillar 2 liquidity PRA110 reporting, as set out in the policy statement PS13/19 on Pillar 2 liquidity. Version 3.2.0 of the banking XBRL taxonomy has been withdrawn and must not be used for reporting. Version 3.2.1 incorporates minor amendments to the Pillar 2 liquidity annotated templates. This is to identify changes that were made in Version 3.2.0 of the banking taxonomy but not highlighted in the annotated templates. Details of the changes can be found in the banking taxonomy release note.
Related Links
Comment Due Date: October 07, 2019
Keywords: Europe, UK, Banking, Reporting, Version 3.2.1, PRA 110, Pillar 2, Liquidity Risk, Taxonomy 2.9, Capital +, Ring Fencing, Version 3.3.0, 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.
Karen Moss
Senior practitioner in asset and liability management (ALM) and liquidity risk who assists banking clients in advancing their treasury and balance sheet management objectives
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.
