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.
Scott Dietz
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Related Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.