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

    US Regulators Release Stress Test Scenarios for Banks

    The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

    February 28, 2024 WebPage Regulatory News

    Asian Governments Aim for Interoperability in AI Governance Frameworks

    The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.

    February 28, 2024 WebPage Regulatory News

    EBA Proposes Operational Risk Standards Under Final Basel III Package

    The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.

    February 26, 2024 WebPage Regulatory News

    EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS

    The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.

    February 23, 2024 WebPage Regulatory News

    ECB to Expand Climate Change Work in 2024-2025

    Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.

    February 23, 2024 WebPage Regulatory News

    BIS Bulletin Examines Cognitive Limits of Large Language Models

    The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.

    January 25, 2024 WebPage Regulatory News

    ECB is Conducting First Cyber Risk Stress Test for Banks

    As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.

    January 24, 2024 WebPage Regulatory News

    EBA Continues Momentum Toward Strengthening Prudential Rules for Banks

    A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.

    January 24, 2024 WebPage Regulatory News

    EU and UK Agencies Issue Updates on Final Basel III Rules

    The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards

    December 19, 2023 WebPage Regulatory News

    Industry Agency Expects Considerable Uptake for Swiss Climate Scores

    The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.

    December 18, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8952