ECB published guidance notes to reporting agents on statistics on holdings of securities, or SHS, regulation (EU Regulation No 1011/2012). The document focuses on the SHSG data reporting—that is, the reporting concerning the statistics on holdings of securities by reporting banking groups. It provides guidance and detailed information on the amended SHSG data reporting requirements.
The document contains information on the scope of the SHSG data collection, covers specifications with regard to the instrument categories covered, summarizes general reporting requirements, and provides a detailed description of the attributes included in the reporting with a breakdown by attribute type. In addition to the existing requirements, it covers forthcoming requirements that will start to apply to the reporting of data related to the reference period at the end of September 2018.
The detailed implementation of the data collection from reporting agents to national central banks—that is, further material such as templates, code lists, and other technical specifications regarding the primary reporting— is organized at national level under the responsibility of the relevant national central bank. This document explains the underlying methodology of the reporting requirements and provides guidance on the preferred approach that may be taken, in cases where the respective ECB legal act leaves scope for different interpretations. The document aims to provide guidance by clarifying and providing examples related to the requirements and definitions previously laid down in the SHS regulation. It is not a legally binding document, unlike the SHS Regulation, which is the sole legally binding act.
Related Link: Guidance Notes (PDF)
Keywords: Europe, EU, Banking, Reporting, SHS Regulation, Statistics, SHSG, ECB
Previous ArticleEP Publishes Briefing on Third Country Equivalence in EU Regulations
FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).
BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.
FCA proposed guidance on how firms should continue to seek to help customers who hold insurance and premium finance products and may be in financial difficulty because of COVID-19, after October 31, 2020.
EBA issued an opinion on prudential treatment of the legacy instruments as the grandfathering period nears an end on December 31, 2021.
ESRB published the fifth issue of the EU Non-bank Financial Intermediation Risk Monitor 2020 (NBFI Monitor).
HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.
APRA announced that it has increased the minimum liquidity requirement of Bendigo and Adelaide Bank for failing to comply with the prudential standard on liquidity.
PRA published the consultation paper CP17/20 to propose changes to certain rules, supervisory statements, and statements of policy to implement elements of the Capital Requirements Directive (CRD5).
US Agencies adopted a final rule that applies to advanced approaches banking organizations and aims to reduce interconnectedness in the financial system as well as to reduce contagion risks associated with the failure of a global systemically important bank (G-SIB).
US Agencies (FDIC, FED, and OCC) adopted a final rule that implements the net stable funding ratio (NSFR) for certain large banking organizations.