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 ArticlePRA Publishes Policy on Equity Release Mortgages Under Solvency II
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).