ACPR published Instruction No 2021-I-02 addressing the monitoring of mortgage risks in France. Annex to the Instruction contains the CREDITHAB reporting table for monthly reporting of indicators for monitoring risk associated with mortgage loans. The Instruction comes into force from March 01, 2021 for institutions whose outstanding mortgage loans exceed EUR 4 billion on that date and from January 01, 2022 for other establishments. ACPR also published the draft version of RUBA taxonomy (Version 1.0.0_PWD3), the comment period for which ends on February 22, 2021.
Along with the taxonomy, ACPR has published description and delivery notes, presentation, data point model (DPM) dictionary, annotated reports, taxonomy controls, and test instance file related to the taxonomy. RUBA taxonomy will replace the SURFI taxonomy from January 31, 2022. The draft Version 1.0.0_PWD3 of RUBA taxonomy is the first version of the taxonomy using the Eurofiling architecture, which replaces the SURFI taxonomy. RUBA taxonomy applies to the banking sector and has an architecture and structure similar to that of the Capital Requirements Regulation (CRR)/Capital Requirements Directive (CRD) IV taxonomies from EBA and Solvency II taxonomy from EIOPA.
Related Links (in French)
- Press Release
- Taxonomy and Related Documents
- Instruction 2021-I-02 (PDF)
- Annex to the Instructions (XLSX)
Comment Due Date: February 22, 2021
Keywords: Europe, France, Banking, Taxonomy, Reporting, RUBA, CRR, CRD IV, DPM, Mortgage Lending, Credit Risk, CREDITHAB Taxonomy, ACPR
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)