ECB published Release 5.0 of the Banks' Integrated Reporting Dictionary (BIRD) Database and the related technical guidelines. This release includes the updated version of the input layer that is needed for COREP credit risk, FINREP nonperforming loans, and securitization. A new release to be published in 2020 will include the validation and transformation language (VTL) related to these frameworks.
The BIRD Release 5.0 incorporates the following reporting requirements:
- EBA implementing technical standards on data requirements for resolution planning, implementing the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR)
- EBA technical standards on asset encumbrance data requirements under Article 100 of the Capital Requirements Regulation (CRR)
- EBA technical standards on FINREP requirements (updated to version 2.8), implementing the Capital Requirements Directive (CRD IV) and CRR
- Regulation (EU) 2016/867 of ECB on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
- Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384, concerning statistics on holdings of securities (SHS)
Keywords: Europe, EU, Banking, Reporting, FINREP, AnaCredit, SHS, SRMR, Statistics, BIRD, BRRD, CRR/CRD, BIRD Release 5.0, COREP, Credit Risk, NPLs, Securitization, ECB
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.
EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS published a statement guidance on dividend distribution by banks.
APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.
FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.