Featured Product

    BoE Updates Statistical Reporting Requirements for Banks

    August 15, 2022

    The Bank of England (BoE) published three Statistical Notices (2022/16, 2022/16, and 2022/17) on statistical reporting requirements for banks.

    Below are the key highlights of these recent updates:

    • Statistical Notice 2022/15 sets out that the User Acceptance Testing (UAT) environment will be open for testing the Statistical Taxonomy on Bank of England Electronic Data Submission (BEEDS) portal, from September 01, 2022 to September 30, 2022. The accounts for previously nominated principal users will be created and there is no need to opt in to the testing environment. An updated version of the Utility Tool could also be found on the BEEDS portal.
    • Statistical Notice 2022/16 includes the reporting schedule for statistical returns for 2023. In this document, the information on "Reporting Thresholds for Statistical Returns" has been updated with data point references: tables, rows, and columns. No other changes have been made to this document.
    • Statistical Notice 2022/17 informs that the BoE Data and Statistics Division published version 1.3.0 public working draft (PWD) of the Bank of England Statistics taxonomy. The taxonomy has been updated to include the longstanding Excel-based collection Form IPA. Accompanying this release, the reporting requirements outlined in the Form IPA definitions include the taxonomy, data point model (DPM) dictionary, annotated templates and validation rules. The data point model is an extension of the European Banking Authority’s (EBA) data point model and filings will be subject to the EBA filing rules as published on the reporting frameworks. BoE seeks comments, until September 09, 2022, on the PWD technical artefacts from firms and software vendors. By mid-October, BoE aims to publish the final version of the taxonomy and DPM as well as indicate the date of first reporting via Statistical Notice.


    Related Links




    Keywords: Europe, UK, Banking, Statistical Notice, Reporting, Statistical Reporting, Taxonomy, Form IPA, Data Point Model, Validation Rules, Basel, BoE

    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