BoE published version 3.2.0 of the banking XBRL taxonomy, along with the related technical artefacts. This version of the taxonomy, data point model (DPM) dictionary, annotated templates, and validation rules covers requirements for Pillar 2 liquidity PRA110 reporting as set out in the policy statement (PS13/19) on Pillar 2 liquidity. The new version will take effect from January 01, 2020. BoE also published an update (Version 01.02) to the PRA110 liquidity metric monitor tool (PRA110 LMM tool) in response the to feedback received on Version 01.01. This tool is intended to assist firms in the same way as the LMM for FSA047 and FSA048.
The taxonomies for minimum requirement for own funds and eligible liabilities (MREL), ring-fencing, financial statements, and Capital+ reporting remain unchanged from version 3.1.1 of the banking XBRL taxonomy. PRA110 LMM tool is for information only and must not be used to submit regulatory returns. This tool is designed to demonstrate some of the metrics that are calculated using information from PRA110. The updated tool aligns with the current PRA110 template. A new version of the PRA110 LMM tool (Version 02.01) that is aligned to the PRA110 template, as set out in PS13/19, will be published in due course.
- Taxonomy Version 3.2.0
- PRA110 LMM Tool, Version 01.02 (XLSX)
- Overview of Liquidity Tools
Effective Date: January 01, 2020
Keywords: Europe, UK, Banking, Reporting, Version 3.2.0, DPM, Validations, PRA110, Pillar 2, Taxonomy, Liquidity Risk, PRA110 LMM Tool, BoE
Previous ArticleISDA Summarizes Results of Consultation on Benchmark Fallbacks
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.
The European Commission (EC) published the Delegated Regulation 2021/1527 with regard to the regulatory technical standards for the contractual recognition of write down and conversion powers.
In a response to the questions posed by a member of the European Parliament, the President Christine Lagarde highlighted the commitment of the European Central Bank (ECB) to an ambitious climate-related action plan along with a roadmap, which was published in July 2021.
The Single Resolution Board (SRB) published a Communication on the application of regulatory technical standard provisions on prior permission for reducing eligible liabilities instruments as of January 01, 2022.
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to provide guidance to authorized deposit-taking institutions on the interpretation of APS 120, the prudential standard on securitization.
The French Prudential Control and Resolution Authority (ACPR) published the corrective version of the RUBA taxonomy Version 1.0.1, which will come into force from the decree of January 31, 2022.
The European Commission (EC) announced that Nordea Bank has signed a guarantee agreement with the European Investment Bank (EIB) Group to support the sustainable transformation of businesses in the Nordics.
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.