SRB launched the process for the 2020 data collection cycle for resolution reporting. SRB will collect data from banks, via the national resolution authorities, for banks under the SRB remit. National resolution authorities will inform banks of their resolution reporting obligations in October 2019, once these have been finalized in collaboration with SRB. The deadline for delivery by banks to the national resolution authorities is March 31, 2020 for the Liability reports, with main report in XBRL and Additional Liability Data in Excel. All other resolution reports are due by banks by April 30, 2020.
During the 2020 edition, the collection will be based on data as at December 31, 2019. The scope of the reports has evolved to reflect the needs for resolution planning, while limiting the burden of reporting for the banks. In terms of content and format of the data request, SRB has made an effort to align with the EBA reporting framework 2.9. Where necessary to fulfill its mandate as Group Level Resolution Authority, SRB has extended the data request. SRB will be requesting Additional Liability Data in preparation for the 2020 resolution planning cycle. This data request is aligned with the ongoing work undertaken at EBA on the development of implementing technical standards on reporting, while addressing certain specificities of the resolution strategies. Given the temporary nature of this data request, the data collection for this specific report will be in Excel format in 2020. This data may be collected in XBRL in future collections if fully integrated to the implementing technical standards of EBA.
Keywords: Europe, EU, Banking, Reporting, Resolution Planning, Framework 2.9, National Resolution Authorities, SRB
Previous ArticleBDE Releases Technical Instructions for Financial Reporting by Banks
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).
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.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
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.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
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.
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.
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.
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.
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.