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
    News

    HKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol

    HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.

    October 16, 2020 WebPage Regulatory News
    News

    FSB Sets Out Roadmap for Transition to Alternative Reference Rates

    FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).

    October 16, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on BRRD2 Transposition

    HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).

    October 15, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on CRD5 Transposition

    HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.

    October 15, 2020 WebPage Regulatory News
    News

    PRA Updates Supervisory Statement on Counterparty Credit Risk

    PRA published the final policy statement PS22/20, which contains the updated supervisory statement SS12/13 on counterparty credit risk.

    October 14, 2020 WebPage Regulatory News
    News

    FSB Publishes Update on Work to Address Market Fragmentation

    FSB published an update on its work to address market fragmentation. FSB is working in this area in collaboration with the other standard-setting bodies.

    October 14, 2020 WebPage Regulatory News
    News

    EBA Proposes to Revise Guidelines on Incident Reporting Under PSD2

    EBA proposed revisions to the guidelines on major incident reporting under the second Payment Service Directive (PSD2).

    October 14, 2020 WebPage Regulatory News
    News

    EBA Finalizes Standards for Prudential Treatment of Software Assets

    EBA published the final draft regulatory technical standards specifying the methodology for prudential treatment of software assets by banks.

    October 14, 2020 WebPage Regulatory News
    News

    FSB Publishes Roadmap on Cross-Border Payments, Report on Stablecoins

    FSB published a report presenting the roadmap to enhance cross-border payments by providing a high-level plan that sets ambitious but achievable goals and milestones in the five focus areas.

    October 13, 2020 WebPage Regulatory News
    News

    EIOPA Urges Insurers to Prepare for End of Brexit Transition

    In a recent communication, EIOPA urged the insurance sector to complete its preparations for the end of the Brexit transition period on December 31, 2020.

    October 13, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5959