SRB Launches 2020 Data Collection Cycle for Resolution Reporting
SRB launched the process for the 2020 data collection cycle for resolution reporting. SRB will collect data from banks, via the national resolution authorities, for banks under the SRB remit. National resolution authorities will inform banks of their resolution reporting obligations in October 2019, once these have been finalized in collaboration with SRB. The deadline for delivery by banks to the national resolution authorities is March 31, 2020 for the Liability reports, with main report in XBRL and Additional Liability Data in Excel. All other resolution reports are due by banks by April 30, 2020.
During the 2020 edition, the collection will be based on data as at December 31, 2019. The scope of the reports has evolved to reflect the needs for resolution planning, while limiting the burden of reporting for the banks. In terms of content and format of the data request, SRB has made an effort to align with the EBA reporting framework 2.9. Where necessary to fulfill its mandate as Group Level Resolution Authority, SRB has extended the data request. SRB will be requesting Additional Liability Data in preparation for the 2020 resolution planning cycle. This data request is aligned with the ongoing work undertaken at EBA on the development of implementing technical standards on reporting, while addressing certain specificities of the resolution strategies. Given the temporary nature of this data request, the data collection for this specific report will be in Excel format in 2020. This data may be collected in XBRL in future collections if fully integrated to the implementing technical standards of EBA.
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Keywords: Europe, EU, Banking, Reporting, Resolution Planning, Framework 2.9, National Resolution Authorities, SRB
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