Bundesbank updated Version 5.1 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system. The requirements in Version 5.1 of the derivation rules, which was earlier published on January 25, 2021, apply to all credit institutions within the meaning of the Capital Requirements Regulation (CRR). Bundesbank also published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
ECB has formulated data quality requirements for uniform supervision in the Single Supervisory Mechanism (SSM). These requirements are being checked against five criteria: punctuality, completeness, correctness and consistency, continuity, and plausibility. The completeness check is based on the existence of all modules and forms to be submitted. The completeness of a report depends on factors specific to the institution and is, therefore, assessed on an individual basis. In addition to the checks at the module and form levels, completeness is also checked at the data point level.
Related Links (in German)
- Notification on Derivation Rules
- Notification on EntryPoints
- Derivation Rules (XLSX)
- EntryPoints (XLSX)
Keywords: Europe, Germany, Banking, Reporting, Derivation Rules, SSM, CRR, Supervisory Benchmarking, SBP, EntryPoints, Bundesbank
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.
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