BCL updated the instructions, list of reporting agents, validation rules (version 1.5.1), and Statistical Data and Metadata eXchange (SDMX) diagrams (version 1.0.4) for AnaCredit reporting. Version 1.5.1 of the validation rules are applicable immediately, since no new rules have been added and the changes relate to existing rules. SDMX version 1.0.4 encompasses updated technical specifications, structure of cubes, facets, and subdomains. Version 1.0.4 of the SDMX diagrams will be applicable and mandatory from the reference date of September 30, 2020. Therefore, from October 01, 2020, all submissions and re-submissions must be reported according to version 1.0.4. Re-submissions should always be submitted using the latest version of the SDMX schema in effect, not the version of the SDMX schema that were valid on the re-submission reference date.
The document on technical specifications describes the technical format for the collection of the AnaCredit reporting at BCL. It is based on the Data Exchange Format document provided by ECB to the national central banks for the secondary reporting. The technical format is based on the Single Multidimensional Metadata Model (SMCube) methodology and on the format used by ECB based on SDMX-ML (part of the SDMX 2.1 technical standard). Version 2.4.2 of the reporting instructions contains changes that cover data flow schema update, clarification regarding the types of quality reports, DQI sub-chapter, and clarification regarding international organizations.
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Keywords: Europe, Luxembourg, Banking, AnaCredit, Validation Rules, Instructions, SDMX, SM Cube, Statistical Reporting, BCL
The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).
The Financial Stability Institute (FSI) of the Bank for International Settlements recently published a paper proposing a framework for classifying financial stability regulation as either entity-based or activity-based.
The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).
The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.
The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).
HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.