BoE confirmed the planned change in the reporting format from XML to XBRL, for submission of statistical data to the Data and Statistics Division. BoE plans to release public working draft of the XBRL taxonomy and data point model during the week commencing April 19, the external comment period for which will close on May 21, 2020. The final taxonomy is expected to be published in late July or early August.
BoE had announced, in November 2020, that the Data and Statistics Division is planning to move the collection of statistical data to BoE Electronic Data Submission (BEEDS) portal. BEEDS is an online application that enables firms to submit data submissions online. Firms can also view the information held about them by BoE and keep it up-to-date. Migration to the new system will take place over an extended period and BoE will have a pilot of early adopters. BoE intends to be ready to on-board to BEEDS toward the end of this year.
Keywords: Europe, UK, Banking, Statistical Reporting, BEEDS, XML, XBRL, DPM, XBRL Taxonomy, BoE
Previous ArticleSRB Issues Guidance on Liquidity and Funding in Resolution
HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.
EIOPA launched the 2021 stress test for the insurance sector in EU.
UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.
EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.
OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.
Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.
ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.
EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.
ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.
BCBS, CPMI, and IOSCO (the Committees) are inviting entities that participate in market infrastructures and securities markets through an intermediary as well as non-bank intermediaries to complete voluntary surveys on the use of margin calls.