Featured Product

    BIRD Initiative of ESCB Publishes Documentation on BIRD Release 4.0

    July 10, 2019

    Documentation of the Banks' Integrated Reporting Dictionary (BIRD) Release 4.0 has been published. This release has completely updated the Validation and Transformation Language (VTL) used for transformations that it is now described in the VTL 2.0, which was released in July 2018 by the SDMX community. It consists of a complete methodology used to describe the various datasets of the different layers (for example, Input Layer, Output Layer) in the BIRD.

    The BIRD Release 4.0 integrates the following reporting requirements:

    • EBA Implementing Technical Standards with respect to Resolution Planning data requirements, implementing the Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation (BRRD/SRMR) framework.
    • EBA Implementing Technical Standards with respect to Asset Encumbrance data requirements, under Article 100 of the Capital Requirements Regulation
    • EBA Implementing Technical Standards with respect to FinRep requirements (updated to Version 2.8), implementing the Capital Requirements Directive and Regulation (CRD IV/CRR) framework.
    • 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, on the collection of Statistics on Holdings of Securities (SHS)

    In addition, a meeting on BIRD testing with software vendors and consultancy companies that are participating in the testing was held in May 2019. Also, the annual meeting with software vendors and consultancy companies, which was originally planned for September 24, 2019 has been postponed to 2020, as work on BIRD testing is underway and the result of the activities will be presented in 2020. 


    Related Links

    Keywords: Europe, EU, Banking, Reporting, Asset Encumbrance, FinRep, AnaCredit, SHS, CRR, SRMR, Statistics, BIRD Database, BIRD

    Featured Experts
    Related Articles
    News

    BIS Examines Use of Big Data and Machine Learning at Central Banks

    BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.

    March 04, 2021 WebPage Regulatory News
    News

    APRA Finalizes Reporting Standard for Operational Risk Requirements

    APRA finalized the reporting standard ARS 115.0 on capital adequacy with respect to the standardized measurement approach to operational risk for authorized deposit-taking institutions in Australia.

    March 03, 2021 WebPage Regulatory News
    News

    ECB Publishes Guide for Determining Penalties for Regulatory Breaches

    ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.

    March 02, 2021 WebPage Regulatory News
    News

    MAS Sets Out Good Practices to Manage Operational Risks Amid COVID

    MAS and The Association of Banks in Singapore (ABS) jointly issued a paper that sets out good practices for the management of operational and other risks stemming from new work arrangements adopted by financial institutions amid the COVID-19 pandemic.

    March 02, 2021 WebPage Regulatory News
    News

    ACPR Announces New Data Collection Application for Banks and Insurers

    ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.

    March 02, 2021 WebPage Regulatory News
    News

    BCB Maintains CCyB at 0%, Initiates First Cycle of Regulatory Sandbox

    BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.

    March 02, 2021 WebPage Regulatory News
    News

    EIOPA Launches Study on Non-Life Underwriting Risk in Internal Models

    EIOPA has launched a European-wide comparative study on non-life underwriting risk in internal models, also kicking-off of the data collection phase.

    March 01, 2021 WebPage Regulatory News
    News

    SRB Publishes Overview of Resolution Tools Available in Banking Union

    SRB published an overview of the resolution tools available in the Banking Union and their impact on a bank’s ability to maintain continuity of access to financial market infrastructure services in resolution.

    March 01, 2021 WebPage Regulatory News
    News

    EBA Consults on Pillar 3 Disclosure Standards for ESG Risks Under CRR

    EBA is consulting on the implementing technical standards for Pillar 3 disclosures on environmental, social, and governance (ESG) risks, as set out in requirements under Article 449a of the Capital Requirements Regulation (CRR).

    March 01, 2021 WebPage Regulatory News
    News

    ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting

    ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting

    March 01, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6655