FIN-FSA announced that workbooks for DPM 2.9 FINREP are available for download from the Jakelu distribution service. The DPM 2.9 version will be used for FINREP from June 30, 2020 onward. FIN-FSA also notified that it has extended automatic checks on the receipt of reports to cover the verification of template-specific reporting obligations. The system rejects a report sent to FIN-FSA at the receiving stage if it does not meet the scope of reporting obligations at the template-specific level. This applies to the reporting levels 201, 205, 210, 213, 214, 221, 222, and 260. Additionally, FIN-FSA mentioned that a revised list of validation rules has been published by EBA with respect to the implementing technical standards on supervisory reporting.
Related Link: Press Release
Keywords: Europe, Finland, Banking, Reporting, Validation Rules, DPM 2.9, FINREP, Jakelu Distribution Service, EBA, FIN-FSA
The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
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.
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.
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.
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.
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
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.