German Regulators Issue Multiple Regulatory and Reporting Updates
Deutsche Bundesbank published reporting updates for banks, while the Federal Financial Supervisory Authority of Germany (BaFin) launched a consultation on additional liquidity outflows and announced the availability of test environment for incident reporting under the second Payment Services Directive (PSD2).
Below are the key highlights of the recent updates:
- Bundesbank updated derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system. It also updated the list of international organizations related to AnaCredit reporting.
- BaFin published a draft circular on additional liquidity outflows in connection with products and services in accordance with Article 23 of Delegated Regulation (EU) 2015/61 on liquidity coverage requirement. The draft circular specifies the prudential procedure for the application of Article 23 of Regulation (EU) 2015/61 and the corresponding provisions in Implementing Regulation (EU) No 680/2014 as amended by Implementing Regulation (EU) 2016/322, which is related to technical standards on reporting of liquidity coverage requirement. Among other things, the categories of products and services are specified and their liquidity outflows determined. In addition, the circular specifies the annual reporting requirement for the products and services for which the probability and the potential extent of liquidity outflows are significant. Comments are requested until July 25, 2022.
- BaFin announced that a test environment for major incident reporting under the Payment Services Directive (PSD2) has been activated on its electronic reporting platform. In March 2022, BaFin implemented the revised guidelines of the European Banking Authority (EBA) on major incident reporting under PSD2. BaFin specified that the guidelines will apply from October 01, 2022 for this incident reporting.
Related Links (in English and German)
- Bundesbank Notification on Derivation Rules
- Derivation Rules (XLSX)
- Bundesbank on List of International Organizations (XLSX)
- Bundesbank on AnaCredit Reporting Updates
- BaFin Press Release on Incident Reporting
- BaFin Press Release on Additional Liquidity Outflows
- BaFin Consultation on Additional Liquidity Outflows
Keywords: Europe, Germany, Banking, Basel, Reporting, Derivation Rules, AnaCredit, International Organizations, Additional Liquidity Outflows, LCR, Liquidity Risk, Incident Reporting, PSD2, Regtech, Bundesbank, BaFin
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous ArticleESMA Responds to ISSB Exposure Drafts on Sustainability Disclosures
CFPB Finalizes Rule on Small Business Lending Data Collection
The Consumer Financial Protection Bureau (CFPB) published a final rule that sets out data collection requirements on small business lending, under section 1071 of the Dodd-Frank Act.
BCBS to Consult on Pillar 3 Climate Risk Disclosures by End of 2023
The Bank for International Settlements (BIS) published a summary of the recent Basel Committee (BCBS) meetings.
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
US Congress Report Examines Data Privacy and Cybersecurity Regulations
The U.S. Congressional Research Service published a report on banking, data privacy, and cybersecurity regulation.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
EU to Conduct One-Off Scenario Analysis to Assess Transition Risk
The European authorities recently made multiple announcements that impact the banking sector.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.