Bundesbank Delays Adoption of ECB Rule on MFI Balance Sheet Statistics
Bundesbank issued a circular (48/2020) on postponement of the implementation of amendment to the ECB regulation (ECB/2013/33) on monetary financial institution (MFI) balance sheet statistics. ECB has postponed the implementation of this regulation until 2022, in view of the operational challenges faced by banks in the context of COVID-19 outbreak. Following the adoption of the ECB regulation, a supplementary Bundesbank order will be issued to specify the requirements of the regulation, including the relevant Bundesbank reporting schemes.
Originally, ECB had intended to adopt the amending regulation in Spring 2020. The final regulation and feedback statement will be published later this year and the implementation is foreseen for 2022. It is expected that the time at which reports will first have to be submitted, according to the revised Bundesbank reporting templates, will also be postponed by several months, probably until the beginning of 2022. The draft amendments to the ECB regulation (ECB/2013/33) introduce new reporting requirements that enhance analysis of monetary and credit developments. They also modify some existing requirements, definitions, and reporting derogations to support better integration with other statistical datasets. ECB had consulted on the draft regulation that amends Regulation ECB/2013/33 from February to March 2020.
Related Links (in German and English)
Keywords: Europe, Germany, Banking, Securitization, Reporting, Statistical Reporting, MFI, ECB, Bundesbank
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
ACPR Publishes Version 2.1.0.1 of CREDITHAB Reporting TaxonomyRelated Articles
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
FSB Reports Assess NBFI Sector and Progress on LIBOR Transition
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.