FI Publishes Multiple Reporting Updates in December 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)
- News on Validation Rules
- News on AML Reporting Questions
- News on Reporting of Resolution Planning and MREL
- News on Fidac Test Reporting
Keywords: Europe, Sweden, Banking, Securities, Investment Firms, Reporting, Validation Rules, AML, Fidac, Resolution Framework, MREL, TLAC, Basel, FI
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.
Scott Dietz
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Related Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
