Featured Product

    BoE Provides Reporting Update on Form AS and Form FV

    August 10, 2020

    BoE updated the known issues document for the statistical reporting Forms AS and FV. The BEEDS external User Acceptance Testing for the updated taxonomy for Forms AS and FV (ASFV version 1.1.0) was successfully completed on July 16. The taxonomy version 1.1.0 is now live in BEEDS and reporting institutions can submit Form AS and FV returns for the first and second quarter reporting periods, the deadline for which remains the September 01, 2020. The User Acceptance Testing has identified that securities denominated in currency CNH cannot be reported as intended on Form AS. The known issues document has been updated with the details of this issue and the required mitigating actions.

    Form AS data are primarily used to assess the holdings of securities on the balance sheet of UK resident monetary financial institutions, held for their own purposes. Statistics produced from these data are used within the Bank of England (for example, by the Monetary Policy and Financial Policy Committees) and by institutions such as the Office for National Statistics, BIS, and ECB.  For Form AS purposes, securities are defined as negotiable financial instruments, including debt and equity securities. Negotiability refers to the fact that legal ownership of the instrument is readily capable of being transferred from one owner to another by delivery or endorsement.

    Additionally, Form FV should cover the economic activity of any UK resident financial vehicle corporations that operate or conduct business on behalf of a monetary financial institution. Financial vehicle corporations will include entities such as financial vehicle holding companies, securitization vehicles, funding companies, and securitization trustees. Form FV should be reported on a single consolidated submission, where consolidation covers all financial vehicle corporations, within a vehicle group, acting on behalf of a monetary financial institution.


    Related Links

    Keywords: Europe, UK, Banking, Statistical Reporting, Form AS, Form FV, UAT, BEEDS, Taxonomy, Securitization, BoE

    Related Articles
    News

    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
    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
    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
    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
    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
    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
    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
    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
    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
    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