BoE Publishes Feedback Request on Ring-Fencing Reporting Taxonomy
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.
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Comment Due Date: October 06, 2017
Keywords: Europe, United Kingdom, Banking, Ring-Fencing, XBRL, Reporting Taxonomy, PS3/17, CP25/16
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