Bundesbank Releases XBRL Taxonomy 2.9.1.1 for Reporting
Bundesbank released the XBRL taxonomy 2.9.1.1, pursuant to the EBA implementing technical standards on supervisory reporting. The taxonomy version 2.9.1.1 contains forms with the German header information. As modules in the COREP taxonomy enter into force on different dates, two different taxonomies (taxonomies 2.8 and 2.9) will be valid in parallel in March 2020.
For the March 31, 2020 reference date, the liquidity coverage ratio (LCR), LCR_DA, net stable funding ratio (NSFR), and ALM modules will have to be reported in accordance with taxonomy 2.8, whereas the LE, OF, and LR modules will have to be reported in accordance with taxonomy 2.9. As of April 30, 2020, the LCR, LCR_DA, NSFR, and ALM modules must also be reported according to taxonomy 2.9. For the quarterly reports of these modules, according to the taxonomy 2.9, the first reference reporting date will be June 30, 2020. Additionally, the framework for FINREP will apply from June 2020 while the supervisory benchmarking portfolios (SBP) framework will apply from December 2019.
Related Links
Keywords: Europe, Germany, Banking, Reporting, Taxonomy, XBRL, Implementing Technical Standards, LCR, NSFR, COREP, FINREP, Framework 2.9.1.1, Taxonomy 2.8, EBA, 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
OSFI Revises Guideline on Margin Requirements for DerivativesRelated Articles
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
BIS Bulletins Discuss DeFi Lending and Aspects of Crypto-Assets
The Bank for International Settlements (BIS) published bulletins on lending in decentralized finance (DeFi) system, on blockchain scalability and fragmentation of crypto, and on extractable value and market manipulation in crypto and decentralized finance.
UK Authorities Issue Regulatory and Reporting Updates for Banks
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
