BoE published a feedback request for ring-fencing reporting taxonomy and confirms the data collection system. BoE published a public working draft of the standalone ring-fencing taxonomy that will make up part of version 3.0 of the BoE Banking XBRL Taxonomy, alongside related technical artefacts. This follows the policy statement PS3/17 titled “The implementation of ring-fencing: reporting and residual matters – responses to consultation paper, CP25/16 and Chapter 5 of CP36/16.” Firms and software vendors are invited to provide feedback on the draft of the technical artefacts by October 06, 2017.
CP25/16 is related to the implementation of ring-fencing: reporting and residual matters and Chapter 5 of CP36/16 is related to consequential and reporting amendments on ring-fencing. The taxonomy, data point model dictionary, annotated templates, and validation rules represent the requirements for reporting of ring-fencing data, as set out in PS3/17. This version of public working draft should not be used for reporting. PRA will aim to publish the final version 3.0 BoE Banking XBRL taxonomy in spring 2018. PRA also confirms that the GABRIEL system will be used to collect ring-fencing reporting data.
Comment Due Date: October 06, 2017
Keywords: Europe, United Kingdom, Banking, Ring-Fencing, XBRL, Reporting Taxonomy, PS3/17, CP25/16
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.