MREL Reporting (Resolution Planning) in XBRL on BEEDS

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MREL Reporting (MRL001 – MRL003) is required to be in XBRL format for submission on the BEEDS system starting from 1 January 2019.

This is aimed at UK banks, building societies, PRA designated investment firms and qualifying parent undertakings (‘firms’) to which the Resolution Pack Part of the PRA Rulebook applies.

The PRA aims to minimise the adverse impact on the financial system of firms failing by ensuring that they can be resolved in an orderly fashion. To achieve this, PRA rules require firms to submit resolution packs containing information to enable the authorities to prepare for orderly resolution. The information submitted in resolution packs will allow the authorities to identify the appropriate resolution strategy for a firm; work with firms to identify barriers to an optimal resolution plan; and develop the remedial actions for the removal of barriers.

Capital+ Taxonomy in DPM Authority

CONTENTS.

The PRA expects firms to submit information on MREL resources as set out in the templates as follows:

  • MRL001 – MREL Resources – amount and maturity profile of MREL eligible liabilities, cross- holdings of MREL and regulatory capital that does not qualify as MREL resources.
  • MRL002 – MREL Resources Forecast – projected MREL eligible resources.
  • MRL003 – MREL Debt – individual characteristics of internal and external MREL resources, issued by entities within the UK consolidation group.

BANK OF ENGLAND BANKING XBRL TAXONOMY.

The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules cover the requirements for financial statements as set out in PS36/16 ‘Financial statements – responses to Chapter 3 of CP17/16’ , which takes effect from 1 January 2018.

It also covers the requirements for Capital+ Reporting as set out in PS32/16 ‘Responses to Chapter 3 of CP17/16 – forecast capital data’, which takes effect from 1 October 2017.

Capital+ Taxonomy and DPM in DPM Authority
CRD IV Taxonomy Representation in Report Authority

INTUITIVE PRESENTATION OF DPM TEMPALTES.

DPM Authority presents individual DPM templates as XBRL tagged tables as described by the XBRL taxonomy.

GENERATION OF EXCEL INPUT TEMPLATES.

DPM Authority can generate and link to Excel versions of the DPM templates. These workbooks can be used to automate reported data points using calculations and linking to external data sources for automatic importing into DPM Authority.

Creation of Excel Versions of the Solvency II QRTsExcel Version of COREP Templates
Interactive Validation Results

INTERACTIVE VALIDATION RESULTS.

XBRL validation failure messages are typically very difficult to understand and to resolve. DPM authority helps the user by presenting each failure in a number of different ways. Each message is interactive where clicking on a failure will highlight the data points contributing to the issue in the user interface.

DRAG AND DROP ORACLE EPM AUTOMATION.

DPM Authority is the only Capital+ tool that can integrate natively with Oracle EPM (HFM, Planning and Essbase).  EPM dimensions and their members are listed in the automation panel and can be dragged and dropped onto individual cells, entire rows, columns or sheets.  It couldn’t be simpler.

 

Drag and Drop Automation with Oracle EPM

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