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 ArticleSNB Publishes Reporting Forms on NSFR and Counterparty Solvency Risk
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.
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.