SRB Publishes Standardized Dataset for Valuation of Bank in Resolution
SRB published its standardized dataset to ensure that the minimum needed data is available to support a robust valuation for bank resolution. The valuation dataset will ensure consistent implementation of the EBA data dictionary for the Banking Union. Following a public consultation from May 2020 to June 2020, SRB has published three documents: a valuation dataset instructions document, an explanatory note, and a feedback statement on issues raised during the consultation process. The explanatory note offers guidance to the banks regarding the Management Information System (MIS) capabilities required to produce information that is as up-to-date and complete as possible and of adequate quality to carry out a fair, prudent, and realistic valuation. A standardized dataset covering the minimum data needed for valuation will help banks have their information systems ready to deliver.
SRB valuation dataset instructions document establishes clear expectations with respect to data needs. The instructions provide guidance on detailed definitions of key topics and describe data definitions in detail. Such expectations will enable banks to gradually adapt their MIS to provide accurate data within shorter timeframe. The SRB valuation dataset is a benchmark for institutions and internal resolution teams by setting both data and information expectations. It includes a predefined set of information that a valuer would ideally have available to conduct a valuation. The SRB valuation dataset, as far as possible, relies on the existing common definitions used in the regulatory, supervisory, and reporting frameworks in EU and takes proportionality into account in its implementation. As a result, data reported under the existing EU regulatory framework (AnaCredit or European Market Infrastructure Regulation) does not form part of the
SRB valuation dataset. In principle, all entities within the scope of the Bank Recovery and Resolution Directive (BRRD) and Single Resolution Mechanism Regulation (SRMR) may be required to maintain detailed records of data and information as defined by the SRB valuation dataset, EBA data dictionary, or the existing EU standards.
The explanatory note on SRB valuation dataset highlights that SRB approach to valuation relies on the ability of the MIS of banks to provide accurate and timely information in the context of resolution readiness. In this respect, SRB believes in the importance of defining a standardized dataset covering the minimum data needed for the valuation of a bank in resolution. SRB has been working on defining the (minimum) set of data that the banks will, in principle, need to provide to SRB and the independent valuer to perform a valuation. As part of its annual resolvability assessment, SRB will evaluate the capacity of banks to collect and provide this information on a timely basis to resolution authorities and/or valuers.
SRB had published its framework for valuation in 2019. This framework is intended to provide independent valuers with an indication of the SRB expectations regarding the principles and methodologies for valuation reports, as set out in the legal framework that is Valuation 2 (either provisional or definitive) and Valuation 3. Following the publication of the framework for valuation, a second key building block of the SRB approach on valuation is the definition of a standardized dataset covering the minimum data needed for the valuation of a bank in resolution. SRB and EBA have been collaborating closely in their respective work on a standardized dataset for valuation in resolution.
Related Links
- Press Release
- Instructions for Dataset (PDF)
- Explanatory Note (PDF)
- Feedback Statement (PDF)
- Overview of Consultation
Keywords: Europe, EU, Banking, Proportionality, BRRD, SRMR, Resolution Planning, Resolution Framework, Reporting, Valuation in Resolution, Reporting, Valuation in Resolution, Valuation Dataset, SRB
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
MAS Sets Out Timeline for SIBOR TransitionRelated 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.
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.
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.
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.
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.
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.
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.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
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.
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.