ECB published Banks' Integrated Reporting Dictionary (BIRD) Database 4.1 and related technical guidelines (Release 4.1). This release includes updates to the AnaCredit and Securities Holdings Statistics Group (SHSG) framework in BIRD, reflecting changes in the reporting requirements since their initial implementation, transformations included for the Asset Encumbrance framework, and error corrections and improvements to the previous release.
The BIRD Release 4.1 incorporates the following reporting requirements:
- EBA implementing technical standards on data requirements for resolution planning, implementing the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR)
- EBA technical standards on asset encumbrance data requirements under Article 100 of the Capital Requirements Regulation (CRR)
- EBA technical standards on FINREP requirements (updated to version 2.8), implementing the Capital Requirements Directive (CRD IV) and CRR
- Regulation (EU) 2016/867 of ECB on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
- Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384, concerning SHS
This release includes a full update of the validation and transformation language (VTL) used for transformations described in VTL 2.0, which was released by the Statistical Data and Metadata eXchange (SDMX) community in July 2018. This release also contains complete methodology used to describe the various datasets of the different layers (such as the Input Layer and Output Layer) of the BIRD.
Keywords: Europe, EU, Banking, Reporting, Asset Encumbrance, FINREP, AnaCredit, SHS, SRMR, Statistics, BIRD Database, BIRD, BRRD, CRR/CRD, ECB
Previous ArticleCPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.
EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS published a statement guidance on dividend distribution by banks.
APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.
FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.