PRA Publishes XBRL Taxonomy for Capital+ and Ring-Fencing Reporting
PRA published version 3.3.0 of the BoE banking XBRL taxonomy, along with the related technical artefacts, to support the collection of Capital+ and ring-fencing reporting. This version of the taxonomy, release note, data point model (DPM) dictionary, annotated templates, and validation rules covers requirements set out in the policy statement (PS16/19) on regulatory reporting with respect to EBA Taxonomy 2.9. The taxonomy update is aligned to the EBA taxonomy 2.9. In case of minor discrepancies compared to the templates in the PRA rulebook, PRA has issued a consultation and will finalize the changes, thus making the corresponding amendments to the PRA rulebook templates at a later date.
The release note highlights the following key points:
- Cosmetic changes have been made to the Capital+ and ring-fencing annotated templates to bring consistency across the BoE banking taxonomy.
- The table codes for Capital+ reporting have been amended in this update to ensure a common pattern for table codes is used across all frameworks. To align, an additional element was added to the Capital+ table codifications.
- Within taxonomy 2.9, EBA has moved to two severity statuses for validation rules: error and warning. This has been reflected in the version 3.3.0 of the banking taxonomy.
- For validations where table codes were not previously included in the scope and formula fields, the validation descriptions have been updated.
- The arithmetic approach used for validation rules within the Capital+ and ring-fencing frameworks has been indicated within the validations spreadsheet. This will be indicated for the other frameworks in due course.
Related Links
- Taxonomy Version 3.3.0
- Taxonomy Release Note Version 3.3.0 (PDF)
- XBRL Taxonomy Version 3.3.0 (ZIP)
- DPM Version 3.3.0 (ZIP)
- Taxonomy Validations Version 3.3.0 (XLSX)
- PS16/19
Keywords: Europe, UK, Banking, Reporting, DPM, Taxonomy, Version 3.3.0, Capital +, Ring Fencing, Taxonomy 2.9, PS 16/19, Validation Rules, PRA, BoE
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
BCBS Consults on Guidelines on Prudential and AML/CFT SupervisionRelated Articles
EBA Proposes Standards for IRRBB Reporting Under Basel Framework
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
FED Issues Further Details on Pilot Climate Scenario Analysis Exercise
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
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.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
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.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
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.
CBIRC Revises Measures on Corporate Governance Supervision
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.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
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.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
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.
