Featured Product

    PRA Announces Update on Supervisory Benchmarking Portfolio Exercise

    September 14, 2020

    PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise. As set out in the 2021 Supervisory Benchmarking Portfolio exercise, the reference date for the Supervisory Benchmarking Portfolio—Initial Market Valuation (COR010) is September 24, 2020, with the data due to be submitted via the GABRIEL reporting system by October 02, 2020. The GABRIEL system will be able to accept submissions of the 2020 COR010 data from September 28, 2020. All other templates in the 2021 Supervisory Benchmarking Portfolio exercise must be submitted according to the EBA Taxonomy 2.10 requirements and the remittance dates set out in the EU Commission Implementing Regulation 2016/2070 and its annexes.

    Requirements for the 2021 Supervisory Benchmarking Portfolio exercise (for the end of 2020) have been set out in the 2021 draft implementing technical standards that amend the EU Commission Implementing Regulation 2016/2070 with regard to benchmarking of internal models and in the accompanying annexes on market risk, credit risk, and IFRS 9. PRA expects these amendments to the implementing technical standards (2016/2070) in relation to benchmarking portfolios, reporting templates, and reporting instructions to be made applicable before the end of the transition period of the withdrawal of UK from EU. 


    Related Links 

    Keywords: Europe, UK, Banking, Credit Risk, Market Risk, Reporting, Reporting Framework 2.10, Internal Models, Implementing Technical Standards, Benchmarking Exercise, PRA

    Featured Experts
    Related Articles
    News

    APRA Issues Interim Update to Policy Priorities for 2021 and Beyond

    In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.

    September 24, 2021 WebPage Regulatory News
    News

    EC Adopts Solvency II and Resolution Rules Package for Insurers

    The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.

    September 22, 2021 WebPage Regulatory News
    News

    OCC Issues Booklets on Regulatory Reporting and Earnings

    The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.

    September 22, 2021 WebPage Regulatory News
    News

    ECB Sets Out Results of Economy-Wide Climate Stress Tests

    The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.

    September 22, 2021 WebPage Regulatory News
    News

    EBA Examines Implications of Increasing Use of Digital Platforms in EU

    The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.

    September 21, 2021 WebPage Regulatory News
    News

    HKMA Issues Updates on Policy Measures Intended to Ease COVID Impact

    The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.

    September 21, 2021 WebPage Regulatory News
    News

    ISDA Responds to BCBS Proposal on Treatment of Cryptoasset Exposures

    The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.

    September 21, 2021 WebPage Regulatory News
    News

    BIS Quarterly Review Discusses Developments in Fintech and ESG Space

    BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.

    September 20, 2021 WebPage Regulatory News
    News

    BCBS to Consult on Supervisory Practices for Climate Risks by Year-End

    The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards

    September 20, 2021 WebPage Regulatory News
    News

    OCC Identifies Operational Risk Deficiencies in MUFG Union Bank

    The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.

    September 20, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7494