2014年-ECB欧洲央行_MFI_balance_sheet_and_interest_rate_statistics_securities_holdings_and_implementing_technical_standards_on_supervisory_reporting_184页_1mb

Summary of MFI Balance Sheet and Interest Rate Statistics, Securities Holdings Statistics and Implementing Technical Standards on Supervisory Reporting

Core Content

This document, published by the European Central Bank (ECB) in May 2014, is the third edition of the Methodological Manual by the Joint Expert Group on Reconciliation of credit institutions' statistical and supervisory reporting requirements (JEGR). It aims to bridge the differences between the ECB's statistical reporting framework and the European Banking Authority's (EBA) supervisory reporting requirements, particularly under the Capital Requirements Regulation (CRR) and the implementing technical standards (ITS).

The manual serves as a guide for understanding the methodological overlaps and differences between the ECB's Balance Sheet Items (BSI), Monetary Financial Institution Interest Rates (MIR), and Securities Holdings Statistics (SHS), and the EBA's Financial Reporting (FINREP) and Common Solvency Ratio Reporting (COREP). It also provides a relational database to support the reconciliation process.

Main Viewpoints

1. Purpose and Scope

• Statistical Reporting: Designed to provide data for ECB monetary policy, focusing on monetary liabilities, credit extended, and counterparty behavior.
• Supervisory Reporting: Focuses on individual banks or banking groups, emphasizing risk exposure, capital adequacy, and regulatory compliance.
• The JEGR aims to identify common elements and reconciliation options between the two frameworks, reducing the reporting burden on credit institutions.

2. Key Reporting Frameworks

• BSI (Balance Sheet Items): Focuses on the ECB's statistical requirements for MFI balance sheets, including sector, geographical, and instrument breakdowns.
• MIR (Monetary Financial Institution Interest Rates): Provides essential data on the transmission of monetary policy through interest rates.
• SHS (Securities Holdings Statistics): Covers holdings of securities by MFIs, still experimental and with confidentiality rules in place.
• FINREP: Financial reporting framework based on IAS/IFRS, used for consolidated financial statements.
• COREP: Focuses on capital and risk requirements, including credit, market, own funds, and operational risk.

3. Differences and Commonalities

• Mandatory Reporting: All frameworks require mandatory reporting, except for some early stages of implementation.
• Geographical Coverage: All frameworks cover the euro area and EU, with some using the "host" principle and others the "home" principle.
• Valuation Methods: Statistical reporting often uses nominal or market value, while supervisory reporting follows IAS/IFRS principles, mostly using market or fair value.
• Group Consolidation: COREP and FINREP require group consolidation, whereas BSI and MIR do not.
• Data Definitions: Statistical frameworks align with ESA 2010, while supervisory frameworks align with IAS/IFRS and CRR.

4. Implementation of Technical Standards

• The ITS under Regulation (EU) No 575/2013 are the legal basis for supervisory reporting in the EU.
• These standards are based on IAS/IFRS and are expected to enter into force on 1 January 2014.
• Some standards, such as those on asset encumbrance, non-performing exposures, and forbore exposure, were still under development as of April 2014.

5. Reconciliation Efforts

• The JEGR has developed a classification system that includes a methodological manual and a relational database.
• This system helps identify similarities and differences between reporting requirements, enabling more efficient data production for both regulators and institutions.
• The reconciliation process is particularly relevant for the BSI and FINREP frameworks, while links between MIR and FINREP/COREP are weaker.

Key Information

• Legal Basis: The ITS under CRR and the ECB's statistical reporting framework are the main legal references.
• Data Sources: Statistical data are based on the ECB's European System of Accounts (ESA), while supervisory data rely on IAS/IFRS.
• Reporting Entities:
  • BSI and MIR: All resident MFIs.
  • SHS: MFIs, investment funds, custodians, and banking group heads.
  • FINREP and COREP: Institutions applying IAS/IFRS or required to do so, and credit institutions and investment firms.
• Data Breakdowns:
  • BSI: Sector, geographical, instrument, original maturity, currency.
  • MIR: Type of risk, counterparty sector, size of individual loans.
  • SHS: Sector, instrument, maturity.
  • FINREP: Sector, geographical, instrument, IAS portfolio.
  • COREP: Asset class, currency, type of risk.
• Confidentiality and Status:
  • SHS is still experimental.
  • Confidentiality regimes for securities data are not yet finalised.

Conclusion

This manual is a critical resource for aligning statistical and supervisory reporting requirements in the euro area. It provides a detailed analysis of the overlaps and differences between these frameworks, supports the banking industry in preparing for new regulatory requirements, and aims to reduce reporting burdens through harmonisation. The JEGR's work is essential for ensuring consistency and transparency in financial data across the EU.