NBB announced that, from the reference period June 30, 2020 onward, a number of additional quality checks are being added to the validation process of the supervisory reporting in OneGate. The Banking Supervision Data Division of ECB, in cooperation with the national competent authorities within the Single Supervisory Mechanism, updated the list of extra data quality checks, in May 2020, in addition to the data quality checks already included in the supervisory reporting frameworks of EBA (COREP and FINREP). These extra checks are aimed at enhancing the quality of supervisory reporting data. ECB applies these checks in conjunction with other controls as part of the quality assessment of supervisory reporting data while national competent authorities implement them whenever possible and feasible.
Keywords: Europe, Belgium, Banking, Reporting, OneGate, Data Quality Checks, FINREP, COREP, Validation Rules, ECB, NBB
BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.
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.
ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.
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.
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.
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.
EIOPA has launched a European-wide comparative study on non-life underwriting risk in internal models, also kicking-off of the data collection phase.
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.
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).
ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting