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    FI Publishes Multiple Reporting Updates in December 2021

    December 13, 2021

    The Swedish Financial Supervisory Authority (FI) published multiple reporting updates for banks and investment firms. Among the recent developments, FI has updated the lists of Sweden deactivated EBA validation rules for periodic reporting, via Fidac, for banks and investment firms. The Authority also published, for credit institutions and investment firms, the 2022 calendars for reporting in accordance with the Swedish and European regulations. In addition, FI notified that the form for Anti-Money Laundering (AML) periodic reporting will be updated in 2022 with a couple of new reporting questions. The changes in the form are mostly related to the assessment of undertakings’ geographic and cross-border transaction risks.

    In yet another update, FI issued clarification on reporting requirements of resolution planning, minimum requirement of own funds and eligible liabilities (MREL), and MREL/Total Loss Absorbing Capacity (TLAC) for reference date December 31, 2021. Reports related to resolution planning are available in Fidac and must be submitted no later than May 02, 2022. Finally, FI also announced that test reporting for EBA XBRL and National Occupational Pensions has been transferred to a new environment for test reporting called “Fidac test reporting” from December 01, 2021.

     

    Related Links (in English and Swedish)

    Keywords: Europe, Sweden, Banking, Securities, Investment Firms, Reporting, Validation Rules, AML, Fidac, Resolution Framework, MREL, TLAC, Basel, FI

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