PRA published a public working draft of version 1.1.0 of the BoE Insurance XBRL taxonomy, along with the related technical artefacts. This taxonomy supports the collection of the proposed changes to National Specific Templates, internal model output, market risk sensitivities, and standard formula reporting. This working draft is not intended for use in reporting. Feedback is invited, particularly from firms and software vendors, on the public working draft of the taxonomy and data point model artefacts by August 07, 2019. PRA aims to publish the final version of the taxonomy and data point model by the end of October 2019.
The taxonomy, data point model dictionary, annotated templates, and validation rules represent the requirements for Solvency II as set out in the occasional consultation paper CP13/19. This consultation is proposing minor amendments to the PRA Rulebook Parts, supervisory statements, and bank and insurer reporting templates. CP13/19 was published in June 2019 and the comment period for this consultation ends on August 07, 2019.
- Draft XBRL Taxonomy Version 1.1.0 (ZIP)
- Draft DPM Dictionary Version 1.1.0 (ZIP)
- Draft Validations Version 1.1.0 (ZIP)
- CP13/19 (PDF)
Comment Due Date: August 07, 2019
Keywords: Europe, UK, Insurance, Reporting, CP 13/19, Solvency II, National Specific Templates, Internal Model, XBRL, Taxonomy 1.1.0, DPM, Validation Rules, PRA, BoE
Previous ArticleUS Treasury Issues Statement on US-EU Financial Regulatory Forum
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.
The Prudential Regulation Authority (PRA) issued the policy statement PS20/21, which contains final rules for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies.
The European Banking Authority (EBA) published the final report on the guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures needed for institutions to return to compliance.
The European Banking Authority (EBA) revised the guidelines on stress tests to be conducted by the national deposit guarantee schemes under the Deposit Guarantee Schemes Directive (DGSD).
The Hong Kong Monetary Authority (HKMA) issued a circular, for all authorized institutions, to confirm its support of an information note that sets out various options available in the loan market for replacing USD LIBOR with the Secured Overnight Financing Rate (SOFR).
The Office of the Comptroller of the Currency (OCC) issued a new "Problem Bank Supervision" booklet of the Comptroller's Handbook. The booklet covers information on timely identification and rehabilitation of problem banks and their advanced supervision, enforcement, and resolution when conditions warrant.
The Monetary Authority of Singapore (MAS) launched a consultation on the standards for market risk capital and the associated reporting requirements for banks incorporated in Singapore.
The tech lab of the Federal Deposit Insurance Corporation (FDIC) selected three winning teams in a tech sprint designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers.
PRA published a "Dear CEO" letter that sets out findings of a review on the reliability of regulatory reporting and reiterates the supervisory expectations on regulatory reporting.
The Australian Prudential Regulation Authority (APRA) confirmed that its new data collection solution APRA Connect will go live on September 13, 2021.