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.
- 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)
Keywords: Europe, UK, Banking, Reporting, DPM, Taxonomy, Version 3.3.0, Capital +, Ring Fencing, Taxonomy 2.9, PS 16/19, Validation Rules, PRA, BoE
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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