The European Banking Authority (EBA) has published phase 1 of the new version 3.1 of its reporting framework, which is expected to apply from September 2021. It reflects new reporting requirements for investment firms, as well as changes to resolution planning reporting and supervisory benchmarking.
The European Banking Authority (EBA) has launched a consultation on its draft Guidelines on the delineation and reporting of ‘available financial means’ of Deposit Guarantee Schemes (DGSs), essentially ensuring that institutions really do have the resources to which they lay claim.
The European Central Bank (ECB) is pulling out all the stops to guide Europe’s banks toward carbon neutrality and rigorously hold them to account on climate risks, according to a speech by Frank Elderson, Vice-Chair of the Bank’s Supervisory Board and Member of the Executive Board.
The Financial Stability Board (FSB) has published its final report on the impacts of too-big-to-fail (TBTF) reforms for systemically important banks (SIBs), implemented following the global financial crisis. It found that the reforms have made banks more resilient and resolvable, and have reduced systemic and moral hazard risk.
Did you know that the EU’s Single Resolution Board (SRB) has four key resolution tools it can use if a bank is failing? These aim to maintain banks’ critical functions and financial stability at minimal cost to taxpayers.
The BIS (Bank of International Settlements) has published a new report with the results of a 2020 survey on the use of big data by central banks.
How would Europe’s banks fare under seriously adverse conditions – for example if the Covid-19 pandemic is prolonged? We’re set to find out; on 29 January the European Banking Authority (EBA) launched the 2021 EU-wide stress test, and released the macroeconomic scenarios for the test.
One of the reasons to collect and collate financial data through regulatory reporting is to make sure essential information is available to regulators in case of bank distress. But can policy-makers use the same data to understand which policy approaches might help reduce the impact of bank stress on the wider economy?
ING Bank in the Netherlands recently launched a new XBRL-based project designed to increase efficiency, trust and transparency in real estate valuation. Following the introduction of XBRL for real estate valuation reports, this new initiative includes the final piece in the puzzle: qualified, digital signatures.
Can central banks combat climate change? During a recent speech at the European Banking Congress, Jens Weidman, the President of the Deutsche Bundesbank and Chairman of the Board of the Bank for International Settlements, outlined the role central banks can – and cannot – play in moving towards a greener future.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
