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
ESAs Issue Multiple Regulatory Updates for Financial Sector Entities
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
EBA Finalizes Methodology for Stress Tests, Issues Other Updates
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
OSFI Sets Out Work Priorities and Reporting Updates for Banks
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
APRA Finalizes Changes to Capital Framework, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
BIS Hub and Central Banks Conduct CBDC and DeFI Pilots
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)
