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    Bundesbank Publishes List of Deactivated Validation Rules

    January 22, 2018

    Deutsche Bundesbank published a list of validation rules from Annex XV of the EBA Implementing Technical Standards on supervisory reporting, which have been deactivated from a national point of view. Annex XV states that the data items set out in the Annexes to the Implementing Regulation shall be subject to validation rules for ensuring data quality and consistency.

    ECB has formulated data quality requirements for uniform supervision under the Single Supervisory Mechanism (SSM). As part of this, the quality of reported data is being assessed on the basis of the five criteria of punctuality (meeting the prescribed submission deadlines), completeness, correctness and consistency, continuity, and plausibility. It is important for a banking supervisor to ensure that the reported data are consistent and correct. The criteria of correctness involves ensuring that the transmitted messages are in line with the respective valid reporting requirements, which encompasses ensuring compliance with the validation rules (XBRL and non-XBRL) of EBA.

     

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    Keywords: Europe, Germany, Banking, Validation Rules, Reporting, Bundesbank

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