Single Resolution Board – XBRL Reporting

SRB Logo

In 2019 the SRB made a request to banks for resolution reports with the aim of collecting information for drawing up and implementing resolution plans, including calibrating Minimum Requirement for own funds and Eligible Liabilities (MREL) targets. During the collection of this data, Resolution Reports were requested from the 120 banking groups in scope of the exercise.

For 2020, the SRB once again highlights the importance of high quality, complete and timely data submissions. The ability to provide the necessary data to support the implementation of the resolution strategy, is a key resolvability issue, to be adequately considered by banks’ top management. To ensure banks meet the reporting deadlines (see timeline below), the SRB recommends that all banks implement the following measures:

  1. To support high quality and complete data, the resolution reports should be submitted in line with the published guidance, with validation checks performed by the bank ensuring reconciliation with its FINREP and COREP regulatory reporting requirements.
  2. Banks should ensure that they have the necessary IT processes in place to facilitate a timely, controlled and robust reporting process generating consistent and reliable results.

Data quality and availability on time are key items to consider within the resolvability assessment. In this context, the SRB can consider the failure to comply with the information requirements as impediments to resolvability, potentially significant. It is therefore important that the quality of and deadlines for the resolution reporting submissions are respected.

The SRB, in collaboration with the National Resolution Authorities (NRAs), is starting its annual Resolution Reporting Data Collection exercise. During the 2020 edition, the collection will be based on data as at 31 December 2019. The process will integrate lessons learned from the previous exercises and take into account the feedback received from NRAs as well as the industry.

The scope of the reports has evolved to reflect the needs for resolution planning, while limiting the burden of reporting for the banks. Nevertheless, the SRB retains the flexibility to request additional information wherever and whenever it deems necessary to do so.

As concerns the reporting perimeters, (Sub)-Consolidated views are based on the prudential scopes of consolidation, whereas Resolution Groups are to be defined by Internal Resolution Teams, in collaboration with the respective institutions.

Capital+ Taxonomy in DPM Authority

CONTENTS.

The SRB 2020 taxonomy contains the following reporting frameworks:

  • LRD (Liability Data Report)
  • CFR (Critical Functions Report)
  • FMI (Financial Markets Infrastructure)
  • CIR

SRB XBRL TAXONOMY.

The SRB’s taxonomy publication represents an SRB extension to the EBA 2.9 ITS. This extension contains minor changes to the EBA taxonomy and validation rules which the SRB deems necessary to facilitate the data collection in XBRL format in 2020:

  • Expand the current EBA two entry points (RESOL_CON and RESOL_IND) to the 5 SRB entry points for LDR (LDTCON, LDTRES, LDTINDOTH, LDTINDPOE, LDTCONPOE), 4 entry points for CFR (CFRCON, CFRRES, CFRIND, CFRCONPOE), 2 entry points for CIR (CIRCON, CIRIND) and one entry point for FMIR (FMICON);
  • Improve data quality and data collection efficiency by expanding the list of Validation rules and modifying certain existing validation rules.
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