SRB announced that it has cooperated closely with EBA regarding the reporting on resolution as of 2019, in particular for the Liability Data Report (LDR).
Version 2.8 of the reporting framework, as published by EBA, also contains the minimum framework established in EBA’s implementing technical standard on resolution reporting requirements but also, for practical reasons, additional information required by the SRB. An integrated Data Point Model (DPM) and an integrated eXtensible Business Reporting Language (XBRL) taxonomy covering both the minimum dataset, as defined by the EBA implementing technical standard, and the additional data points, as defined by SRB, are provided to contain and avoid duplicate reporting by institutions under the SRB jurisdiction. As the additional requirements of SRB have been developed specifically for resolution planning, any questions related to these specificities should be addressed to SRB.
Keywords: Europe, EU, Banking, Resolution Plans, Reporting, Taxonomy, DPM, EBA, SRB
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.