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New taxonomy version 2.8 released under CRD IV

06/05/2018 ||By: Prakash R

Thе Eurореаn Bаnkіng Authоrіtу (EBA) hаѕ rесеntlу mаdе сhаngеѕ tо thе rероrtіng framework under thе CRD IV dіrесtіvе and has рublіѕhеd the lаtеѕt vеrѕіоn 2.8 оf thе tаxоnоmу. The EBA released аmеndmеntѕ to the Implementing Tесhnісаl Stаndаrdѕ (ITS) on supervisory rероrtіng, a new ITS оn rероrtіng fоr rеѕоlutіоn plans аnd thе corresponding Dаtа Pоіnt Mоdеl […]

CRD IV – how the MiFID II shake-up might affect it

01/24/2018 ||By: Charles A

MiFID II has barely been unrolled and the European Commission is already considering further legislation on prudential requirements. Some of the proposals affect the Capital Requirements Directive IV (CRD IV). Any legislative changes are unlikely to happen before the next European parliamentary elections in 2019, but could be in place the following year. By then, […]

CRD IV – EBA Latest On Regulatory Perimeter Issues

11/27/2017 ||By: Charles A

The European Banking Authority (EBA) published its latest opinion and report in early November on regulatory perimeter issues relating to the Capital Requirements Directive/Regulation (CRD IV/CRR). The EBA made a detailed assessment across EU member states on non-bank (aka other) financial intermediaries (OFIs) to determine whether they are subject to prudential treatment. The results of […]

How to Simplify CRD IV Reporting

03/23/2017 ||By: Charles A

The new Capital Requirements legislative framework that applies to credit institutions (i.e. banks, building societies, investment firms) across the European Union (EU) consists of the Capital Requirements Directive (2013/36/EU) (CRD IV) and the Capital Requirements Regulation (575/2013) (CRR). The new framework seeks to put in place enhanced requirements for the quality and quantity of capital […]

COREP and FINREP – Information Technology and Infrastructure Challenges

01/30/2017 ||By: Charles A

Under the CRD IV reporting framework, firms may find themselves facing a plethora various Information Technology (IT) and infrastructure challenges. Many firms may likely be operating without a single data warehouse or repository, and so may need to track the required data from multiple sources on multiple occasions. The increased volume and granularity of data […]

Overview of Capital Requirements Directive IV Prudential Supervision: PART 2

08/03/2016 ||By: Charles A

The Capital Requirements Directive IV (Directive 2013/36/EU) (CRD IV) and the Capital Requirements Regulation (EU) (No 575/2013) (CRR IV)[1], provide a new regulatory framework governing the activity of credit institutions and investment firms (Institutions) in the European Union (EU). CRD IV Title VII[2] covers the new and in-depth Prudential Supervision requirements for Institutions. Chapter 3 […]

Overview of CRD IV Validation and Filing Rules

07/22/2016 ||By: Charles A

The Capital Requirements Directive (2013/36/EU) and the Capital Requirements Regulation (575/2013) (CRD IV), have introduced new (COREP) and (FINREP) reporting frameworks for banks, building societies, and investment firms (Firms) throughout the European Union (EU). Firms must now report regulatory data by converting the data into an eXtensible Business Reporting Language (XBRL) report that is validated […]

Overview of Capital Requirements Directive IV Prudential Supervision: Part 1

06/06/2016 ||By: Natasha

The new Capital Requirements Directive IV (Directive 2013/36/EU) (CRD IV) together with the Capital Requirements Regulation (EU) (No 575/2013) (CRR IV), form the latest package of regulatory reforms aimed at strengthening the financial system in the European Union (EU). CRR IV provides detailed harmonised rules regarding new prudential requirements for credit institutions and investment firms. […]

CoREP and FinREP Implementation Challenges – Part II

05/02/2016 ||By: Joe Zepeda

Read Part I here. The Capital Requirements Directive (2013/36/EU) and the Capital Requirements Regulation (575/2013) (CRD IV), together have ushered in new and comprehensive prudential rules for banks, building societies and investment firms (firms) throughout the European Union (EU). These prudential rules include two new reporting frameworks supervised by the European Banking Authority (EBA). The […]

CoREP and FinREP Implementation Challenges – Part I

04/15/2016 ||By: Joe Zepeda

The Capital Requirements Directive (2013/36/EU) and the Capital Requirements Regulation (575/2013) (CRD IV), together have ushered in new and comprehensive prudential rules for banks, building societies and investment firms (firms) throughout the European Union (EU). These prudential rules include two new reporting frameworks supervised by the European Banking Authority (EBA). The Financial Reporting Standard (FinREP) […]

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