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 Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267