BoE published a public working draft of the standalone minimum requirement for own funds and eligible liabilities (MREL) reporting taxonomy, along with the related technical artefacts. This draft taxonomy is a part of the Version 3.1.0 of the banking XBRL taxonomy. Feedback is invited from firms and software vendors by May 17, 2018. BoE aims to publish the final version of the taxonomy and data point model (DPM) dictionary in Summer of 2018.
The taxonomy, DPM dictionary, annotated templates, and validation rules represent the requirements for MREL reporting, as mentioned in the consultation paper CP1/18. The proposals in the CP1/18 aim to provide PRA and BoE with information to monitor firms’ progress toward meeting the interim MREL and their eventual compliance with the end-state MREL, to ensure that the policy objectives that underpin MREL are met. This public working draft is not to be used for reporting. The BoE Electronic Data Submission (BEEDS) system will be used to collect the MREL reporting data.
Comment Due Date: May 17, 2018
Keywords: Europe, UK, Banking, MREL, Reporting, Taxonomy, XBRL, DPM, BEEDS, BoE
Previous ArticleEuropean Parliament Adopts EC Proposal on the Fifth AML Directive
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
EIOPA published its risk dashboard based on Solvency II data from the fourth quarter of 2019.
MNB published a statement on loan payments post the announced moratorium, in addition to a set of new questions and answers (Q&A) on supervisory measures and requirements announced amid COVID-19 pandemic.
EBA updated the Single Rulebook question and answer (Q&A) tool for banks.
US Agencies (FDIC, FED, and OCC) published an interim final rule that temporarily revises the supplementary leverage ratio calculation for depository institutions.