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    German Regulators Issue Multiple Regulatory and Reporting Updates

    July 13, 2022

    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)

     

    Keywords: Europe, Germany, Banking, Basel, Reporting, Derivation Rules, AnaCredit, International Organizations, Additional Liquidity Outflows, LCR, Liquidity Risk, Incident Reporting, PSD2, Regtech, Bundesbank, BaFin

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