Featured Product

    BaFin Announces Timeline for First Reporting of COVID-19 Data by Banks

    August 03, 2020

    BaFin and Bundesbank issued a statement on proportional application, in Germany, of the EBA guidelines on reporting and disclosures for COVID-19 measures (EBA/GL/2020/07). The EBA guidelines, which were published on June 02, 2020, are aimed to address data gaps in supervisory reporting and disclosures associated with the measures to address the COVID-19 crisis. BaFin mentioned that the first report is expected on the reporting date September 2020 (with a submission deadline until November 11, 2020).

    In accordance with the EBA guidelines, the reports are to be submitted by all credit institutions under Capital Requirements Regulation (CRR) at both the individual and group level, taking into account the waiver in accordance with Article 7 of CRR. Promotional banks are also required to submit the reports. Institutions are required to report data pursuant to reporting tables F 90.01, F 90.02, F 91.01, F 91.02, and F 91.05. This applies regardless of the level of consolidation or the size of an institution. The reporting frequency is quarterly and the reports must be submitted to Bundesbank as per the reporting deadlines for COREP and FINREP reporting in accordance with the implementing technical standards on supervisory reporting. With regard to disclosures, EBA guidelines have waived the application of disclosure requirements for institutions that are not identified as global or other systemically important institutions. Therefore, for German less significant institutions and promotional banks, there are no disclosure requirements.


    Related Links 

    Keywords: Europe, Germany, Banking, COVID-19, Reporting, Disclosures, Basel, Credit Risk, Regulatory Capital, CRR, Loan Moratorium, COREP, FINREP, EBA, BaFin, Bundesbank

    Featured Experts
    Related Articles

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8699