Featured Product

    ECB Updates Guidance on Reporting of Securities Holdings Statistics

    May 26, 2020

    ECB updated the guidance notes for reporting related to the statistics on holdings of securities by reporting banking groups (SHSG). The notes explain the methodology behind the reporting requirements and provide guidance on the approach that may be followed in cases where the relevant ECB legal act leaves scope for interpretation. ECB also updated the code list repository in which specific code lists for the SHSG data collection have been defined. As per the change log, due to Brexit, the code for UK has changed from 13GB (valid to the reference period of the fourth quarter of 2019) to 18GB (valid from the reference period of the first quarter of 2020); for the old code a transitional period will be applied until the reference period of the second quarter of 2020.

    The aim of the published guidance notes is to clarify the requirements and definitions laid down in the SHS Regulation. The notes also contain clarifications and examples for the requirements and definitions laid down in the SHS Regulation. The scope of the reporting as defined in Article 1(4) of the SHS Regulation follows the prudential approach as set out in Directive 2013/36/EU and Capital Requirements Regulation (CRR). Consequently, the security holdings of all domestic and foreign financial entities of the groups (captured by the prudential scope) have to be included in the reporting. The holdings of the appointed heads of banking groups have to be reported as well. The guidance notes for reporting agents contain the following information:

    • Scope of the SHSG data collection
    • Specifications with regard to the instrument categories covered
    • Summary of  general reporting requirements
    • Detailed description of the attributes included in the reporting with a breakdown by various attribute types
    • Data reporting covering holdings of securities classified under the following instrument categories, including debt securities, listed shares, investment fund shares, or units

    In accordance with Article 3a(1) of the SHS Regulation, group data reporting agents must, on a quarterly basis, provide the relevant national central banks with security-by-security data on the end-quarter positions of securities. The detailed implementation of the data collection from reporting agents to national central banks—that is, further material such as templates, code lists, and other technical specifications with regard to the primary reporting—is organized at national level under the responsibility of the relevant national central bank. The national central banks are to decide by when they need to receive data from actual reporting agents to be able to perform the necessary quality control procedures and to meet the deadlines for transmission to the SHS database, as laid down in Article 6b of the SHS Regulation. 

     

    Related Links

    Keywords: Europe, EU, Banking, SHS, Brexit, Code List, SHS Regulation, Data Collection, ECB

    Related Articles
    News

    UK Authorities Consult on Implementation of Basel 3.1 Standards

    The UK authorities have published consultations with respect to the Basel requirements for banks. The Prudential Regulation Authority (PRA) published the consultation paper CP16/22 on rules for the implementation of Basel 3.1 standards.

    November 30, 2022 WebPage Regulatory News
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    FSB and NGFS Publish Initial Findings from Climate Scenario Analyses

    The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.

    November 15, 2022 WebPage Regulatory News
    News

    FSB Issues Reports on NBFI and Liquidity in Government Bonds

    The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.

    November 14, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    EU Finalizes Rules Under Crowdfunding Service Providers Regulation

    The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.

    November 08, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8597