NBB Adds Quality Checks to Validation Process for Reporting in OneGate
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.
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Keywords: Europe, Belgium, Banking, Reporting, OneGate, Data Quality Checks, FINREP, COREP, Validation Rules, ECB, NBB
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