Ecb bsi regulation I. Debt securities . Since further amendments are to be made, in particular in the light of Regulation (EU) No The new items in the Guideline are being considered for the update of the BSI Regulation ECB/2013/33, in addition to other requests from ESCB users of the MFI balance sheet statistics. The integration of the group That item includes loans as defined in the Table of Part 2 of Annex II to the ECB BSI Regulation (including demand deposits at credit institutions and central banks, irrespective of their classification as per the applicable accounting framework) as well as advances that cannot be classified as ‘loans’ defined in the Table of Part 2 of For the purposes of this Guideline, the definitions in Article 2 of Regulation (EU) 2021/379 (ECB/2021/2), Article 1 of Regulation (EU) No 1072/2013 of the European Central Bank (ECB/2013/34) In the context of BSI statistics, the ECB calculates transactions by taking, for each asset and liability item, the difference between outstanding BSI statistics are based on either the aggregated or the consolidated balance sheet of the monetary financial institutions (MFI) sector. In line with the Q&A 2018_4282 , counterparty breakdown in FINREP, described in the Annex V. Nonetheless, it is assumed that, of the four categories of exposures provided by C 28. B. Capital Requirements Regulation (575/2013). In respect of SHS-S, it will also cover requirements for banks in their role as custodians. The previous legal act forming the basis for the reporting of BSI statistics is Regulation ECB/2008/32. Other ECB statistics that do not Article 2 of the IAS regulation that has been adopted by the Commission; (c) “ECB BSI Regulation” or “ECB/2013/33”: Regulation (EC) No 1071/2013 of the European Central Bank 2; 1 Regulation (EC) No 1606/2002 of the European Parliament and of to the ECB BSI Regulation 4 and which have an annual turnover between €50 million and €500 million. 42 in the version 2. 060. (3) The ECB is required, in accordance with the EC Treaty and under the conditions laid down in the Statute of the European System of Central Banks and of the European Central Bank (the ESCB Statute), to make regulations to the extent necessary to implement the ESCB's tasks as defined in the ESCB Statute and in some cases as laid down in the provisions adopted by the We would like to show you a description here but the site won’t allow us. 1. A Feedback Statement summarising the responses received in the context of this public consultation and the revisions subsequently included in the recast BSI Regulation is available on the ECB’s website. 6. The group module of the SHS would only be considered in the longer term, while other ECB statistics that do not directly relate to banks’ balance sheet assets and Paragraph 97 of Part 2 of Annex V to Regulation (EU) 2021/451: ‘Deposits’ and the product breakdown shall be defined in accordance with the Table of Part 2 of Annex II to the ECB BSI Regulation. In this section you will find all ECB legal acts – including amendments, corrigenda and consolidated versions – in all relevant official EU languages institutions’ balance sheet items (BSI) published from July 2015 As from July 2015 the data release on BSI statistics has been enhanced by including breakdowns which have become available under the requirements of Regulation ECB/2013/33. 2 of Regulation (EC) No 1606/2002 of the European Parliament and of the Council 1, which have been adopted by the Commission; (c) ‘ECB BSI Regulation’ or ‘ECB/2013/33’: Regulation (EU) No 1071/2013 of the European Central Bank2; (d) ‘NACE Regulation’: Regulation (EC) No 1893/2006 of the European Parliament and of the Council3; Annex V, Part 1. (11) 2 of Regulation (EC) No 1606/2002 of the European Parliament and of the Council 1, which have been adopted by the Commission; (c) ‘ECB BSI Regulation’ or ‘ECB/2013/33’: Regulation (EU) No 1071/2013 of the European Central Bank2; (d) ‘NACE Regulation’: Regulation (EC) No 1893/2006 of the European Parliament and of the Council3; (1) Regulation (EC) No 63/2002 of the European Central Bank of 20 December 2001 concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (ECB/2001/18) (2) has been substantially amended. We would like to show you a description here but the site won’t allow us. ECB Regulation 2013/33 is used in FINREP, as far as counterparty sector is concerned, only to define the ‘non-financial corporations’ which itself refers to the The ECB BSI regulations state that Holding companies that hold controlling-levels of equity of a group of subsidiary corporations and whose principal activity is owning the group without providing any other service to the businesses in which the equity is held, that is, they do not administer or manage other units (ESA 2010, paragraphs 2. Regulation (EU) No 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit institutions and of the monetary financial institutions sector (ECB/2021/2; OJ L 73/2021 of 3 March 2021, p 1); 5. We also facilitate information sharing among authorities and institutions through supervisory reporting and data disclosure. Sonja Primožič, director of Governor's Office and communications department E-mail: [email protected] Phone: +386 1 47 19 105 These notice periods also apply when determining the reserve ratio under Article 4 of Regulation (EC) No 1745/2003 (ECB/2003/9). statistics, as specified in the ECB’s BSI Regulation. 42(e) of the ITS on Supervisory Reporting specifies that “non-financial corporations”are corporations and quasi-corporations not engaged in financial intermediation but principally in the production of market goods and non-financial services according to Regulation ECB/2016/13) Reporting population credit institutions, regulation to be repealed. 2013, p. Deposits are mentioned in letter (e). 00 Balance Sheet Items - BSI. 44). 25/2009. B ANKS E UROPEAN AUTHORITIES. ‘ECB BSI Regulation’: Regulation (EC) No 1071/2013 of the European Central Bank k) 'LEI code': the global Legal Entity Identifier assigned to We would like to show you a description here but the site won’t allow us. Money market funds (MMF) will not be included in the IReF Regulation. 13). Regarding ‘other receivables’, the type of the receivables is not specified further in the question. (c) "ECB BSI Regulation" or "ECB/2008/32" refers to Regulation of the European The European Commission was consulted on the amendments to the statistical requirements set out in Regulation (EU) No 1409/2013 (ECB/2013/43) in accordance with Article 5(2) of Regulation (EC) No 2533/98. However, “Loans and advances” are debt instruments held by the institutions that are not securities; this item includes “loans” in accordance with the ECB BSI Regulation as well as advances that cannot be classified as “loans” according to the ECB BSI Regulation. Banking supervision Regulation (EU) No 1011/2012 (ECB/2012/24); 4. 1071/2013 of the European Central Bank (“ECB BSI Regulation”)1, with the exception of own debt securities when the applicable accounting standards allow their recognition on-balance sheet. Other ECB statistics that do not In the initial phase, the IReF is focusing primarily on ECB statistical datasets relating to banks and will hence cover the requirements of the ECB regulations on BSI and MIR statistics, SHS-S and AnaCredit. uk v However, the same par. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. 1). , I. . Large Corporates (LGCRP) The LGCRP portfolio consists of corporates with an annual turnover above €500 million. These guidelines make reference to the requirements of the recast BSI Regulation 2(ECB/2013/33), the first reporting requirements in relation to which start with data from December 2014. So, they do not include general governments and households. The aggregated balance sheet is the sum of the balance sheets of all MFIs resident in the euro area. Pension funds Regulation (PFBR) (710) Pension funds number of members (PFBM) (84) Quarterly sector accounts (financial accounts (ECB) and non-financial accounts (Eurostat, ESA2010 TP, table 801)) (QSA) (360816) Regulation ECB/2021/2 on the balance sheet items of credit institutions and of the monetary financial institutions sector Feedback statement 10/02/2020 Draft ECB Regulation amending Regulation (EU) No 1071/2013 of the ECB of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (recast) (ECB/2013/33) 5 Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27. “Non-financial corporations” are defined in Annex V, Part 1, Paragraph 35 (e) as: “corporations and quasi-corporations not engaged in financial intermediation but principally in the production of market goods and non-financial services according to the ECB BSI Regulation”. 06. Specifically, its point 2. P. The median values of debt securities held by (ECB) Balance Sheet Item (BSI) Regulation). 0 Under the aegis of the European Central Bank (ECB), De Nederlandsche Bank (DNB) collects financial and economic data from monetary financial institutions. 3. (3) Regulation (EU) 2015/534 of the European Central Bank of 17 March 2015 on reporting of supervisory financial information (ECB/2015/13) (OJ L 86, 31. . Part 1, par. 050. The legislation. Any earmarked shares relating to loans made by the MFI should be classified as deposit liabilities, with the same original maturity breakdown as the underlying loan, i. this Regulation. Possible integration of requirements not arising from ECB regulations content already required in several countries to some extent Collection of flow information on securities issued The frequency and timeliness of the data transmissions shall coincide with those of the regular BSI data reporting to the ECB, in accordance with Article 3(2). BIRD input layer. 2. 1 Regulation (EU) 2016/867 of the European Central Bank of 18 May 2016 on the collection of granular credit and credit risk data (OJ L 144, 01. 7 of the reporting framework), is consistent with the classification in COREP. 63. The draft revised BSI Regulation was made available for public consultation in February 2020. 3. After exit day there will be three versions of this legislation to consult for different purposes. Proportionality 11. These data are used in designing the Economic and Monetary Union's (EMU For the purposes of this Guideline, the definitions in Article 2 of Regulation (EU) 2021/379 (ECB/2021/2), Article 1 of Regulation (EU) No 1072/2013 of the European Central Bank (ECB/2013/34) In the context of BSI statistics, the ECB calculates transactions by taking, for each asset and liability item, the difference between outstanding We would like to show you a description here but the site won’t allow us. Concerning methodological aspects, given that the Capital Requirements Regulation (CRR) expanded the definition of a credit institution to also include systemic investment firms (SIFs), the definition of monetary financial Read the latest press release on monetary developments in the euro area. of which: securitisations Please note that the ECB and NCBs may perform additional plausibility checks not mentioned in this document. 32 of Regulation (EU) 2021/451 indicates the definition of “loans and advances” including items “defined in the Table of Part 2 of Annex II to the ECB BSI Regulation”. 10. Other ECB statistics that do not Access European Central Bank legal acts – including regulations, decisions, guidelines, recommendations and opinions – in all relevant languages, and case law of relevance to the ECB. Balance sheet items of credit institutions and the monetary financial institutions (MFI) sector ( BSI Regulation (ECB/2021/2) Reporting population MFIs and non-MFI credit institutions. Debt securities held by the reporting institution that are bonds referred to in the first subparagraph of Article 52(4) of Directive 2009/65/EC. e. 2015, p. as ‘deposits with agreed maturity’ or Regulation (EU) No 680/2014 ANNEX V (b) "IAS" or "IFRS" refers to the "International Accounting Standards", as defined in Article 2 of the "IAS regulation" that has been adopted by the Commission in accord-ance with the aforementioned "IAS regulation". as ‘deposits with agreed maturity’ or The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. 1 k) indicates “claims under reverse repos or Tail institutions, as defined in Article 2 of Regulation (EU) 2021/379 (ECB/2021/2), shall calculate their reserve base for two consecutive maintenance periods beginning with the maintenance period starting in the third month after the end of a quarter, on the basis of end-of-quarter data reported in accordance with Regulation (EU) 2021/379 1071/2013(“ECB BSI Regulation”)1 as well as advances that cannot be classified as ‘loans’ in accordance with the ECB BSI Regulation, as defined in paragraph 32 of Part 1 of Annex V to PRA Rulebook, Reporting (CRR) 1 REGULATION (EU) No 1071/2013 OF THE EUROPEAN CENTRAL BANK of 24 September 2013 concerning the balance sheet of the 2(b) of ECB BSI Regulation no. (4) Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to The BSI Regulation (regulation (EU) No 1071/2013 of the ECB) in its table Instrument categories lists the different categories of loans in its point 2. 2016, p. This Regulation therefore applies to the TLTRO data reporting for reference periods until December 2014. of which: covered bonds. This ECB BSI Regulation describes in letter (a) – (k) a wide range of different types of assets. In particular, as regards loansArticle , 8(2) of Regulation ECB/2013/33 requires that they ‘ ECB regulations on BSI and MIR statistics, SHS-S and AnaCredit. 2 . In the initial phase, the IReF is focusing primarily on ECB statistical datasets relating to banks and will hence cover the requirements of the ECB regulations on BSI and MIR statistics, SHS-S and AnaCredit. Regulation (EU) No 1072/2013 of the European Central Bank of 24 Information Governor's Office and Communications. If a derogation provided for in Article 4 of Regulation (EU) No 1072/2013 (ECB/2013/34) or in paragraph 3 of this article is granted, data reported on a quarterly basis shall be (”ECB BSI Regulation”)1. The new breakdowns are aligned with the European System of Accounts 2010 (ESA2010). currently collected under this Regulation and new user needs which have arisen since the last review, the ECB now proposes a new Regulation, which will amend Regulation ECB/2013/33. Data (64269) Data information; Data structure; Publications; Select type : [ECB_BSI1 agency: ECB] SDMX 2. 1071/2013(“ECB BSI Regulation”)1 as well as advances that cannot be classified as ‘loans’ in accordance with the ECB BSI Regulation, as defined in paragraph 32 of Part 1 of Annex V to PRA Rulebook, Reporting (CRR) 1 REGULATION (EU) No 1071/2013 OF THE EUROPEAN CENTRAL BANK of 24 September 2013 concerning the balance sheet of the (3) In order to ensure that the collection and analysis of statistical information is effective, NCBs shall comply with the reporting requirements of Guideline (EU) 2021/830 (ECB/2021/11) from the same date as the date of application of the reporting requirements of Regulation (EU) 2021/379 (10) of the European Central Bank on the balance sheet items of credit institutions and of the Debt instruments held by the reporting institution issued as securities that are not loans in accordance with the ECB BSI Regulation. REGULATION (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories. 050 . This amending Regulation will address high priority needs for additional data for analysing monetary and credit developments, and the NCBs may also derive the necessary statistical information from the data collected on the basis of Regulation (EU) No 1011/2012 (ECB/2012/24), to the extent that the data comply with timeliness pursuant to Article 7 of this Regulation and with the minimum standards defined in Annex IV. In respect of SHS-S, the IReF will also cover requirements for banks in their role as custodians. P & financial accounts. 35 (par. This Regulation update takes place in the Article 2 of the IAS regulation that has been adopted by the Commission; (c) “ECB BSI Regulation” or “ECB/2013/33”: Regulation (EC) No 1071/2013 of the European Central Bank 1; (d) “NACE Regulation”: Regulation (EC) No 1893/2006 of This is a legislation item that originated from the EU. 121), deposit-taking corporations except the In order to fulfil its tasks under the Treaties, the European Central Bank (ECB) requires the reporting of statistical information on the balance sheet of the monetary financial institutions This new Regulation introduces new reporting requirements to enhance the analysis of monetary and credit developments, as well as modifications to some existing requirements, definitions This regulation lays down the obligation of monetary financial institutions to report data to Banka Slovenije in accordance with the requirements of the European System of Central Banks Article 4 of Regulation (EC) No 2533/98 requires Member States to organise themselves in the field of statistics and to cooperate fully with the European System of Central Banks (ESCB) in For the purposes of MFI balance sheet statistics, these legal instruments are Regulation ECB/2021/2, which sets out the ECB’s statistical requirements for MFIs, and Guideline Article 6(4) provides that the ECB may adopt regulations specifying the conditions under which the right to verify or to carry out the compulsory collection of statistical information may be exercised. Regarding SHS-S, ideally requirements for banks in their role as custodians would also be covered. (4) Article 4 of Regulation (EC) No 2533/98 requires Member States to organise themselves in the field of statistics and (1) OJ L 287, 29. gov. 1 Data Structure Definition of the BSI Dataflow (ECB only) PUBL_ECB: Time Series-level attributes: Source publication (Euro area only) PUBL_MU: Time Series-level attributes: Source publication (public) In the initial phase, the IReF is focusing primarily on ECB statistical datasets relating to banks and will hence cover the requirements of the ECB regulations on BSI and MIR statistics, SHS-S and AnaCredit. For each template, institutions shall follow the consolidation basis or bases applicable To ensure the orderly functioning and stability of the financial system in the European Union, we monitor and analyse risks and vulnerabilities relevant for the regulation of banks and investment firms. Regulated savings deposits shall be classified in accordance with the ECB BSI Regulation and distributed according to the counterparty. Back to previous page Laws and regulations; 01-10-2024 DNB Offers Test Opportunity BSI Taxonomy Version 2. The data collection is regulated by ECB Regulation ECB/2021/2 and Guideline ‘ECB BSI Regulation’: Regulation (EC) No 1071/2013 of the European Central Bank 'LEI code': the global Legal Entity Identifier assigned to entities, which uniquely identifies a party to a financial The MFI sector is defined by the ECB in Article 1 of Regulation ECB/2013/33, and corresponds to the ESA 2010 sub-sectors central banks (S. Credit for Consumption (CRDCN) The CRDCN portfolio consists of loans and advances to private households granted mainly for the The MIR and AnaCredit regulations would be repealed, and the BSI and SHS regulations recast or amended to exclude deposit-taking corporations from the reporting populations. Regulation ECB/2021/2 on the balance sheet items of credit institutions and of the monetary financial These notice periods also apply when determining the reserve ratio under Article 4 of Regulation (EC) No 1745/2003 (ECB/2003/9). (a) ‘IAS regulation’: Regulation (EC) No 1606/2002 1; (b) ‘IAS’ or ‘IFRS’: ‘International Accounting Standards’, as defined in Article 2 of the IAS regulation that has been adopted by the Commission; 1 Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the Regulation (EU) No 1071/2013 of the European Central Bank Show full title. Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (recast) (ECB/2013/33) According to the ECB BSI Regulation currently in force (ECB/2013/33) “Debt securities” includes: ‘holdings of securities which give the holder the unconditional right to a fixed or contractually determined income in the form of coupon payments and / or a stated fixed sum at a specific date or dates, or starting from a date defined at the In the initial phase, the IReF is focusing primarily on ECB statistical datasets relating to banks and will hence cover the requirements of the ECB regulations on BSI and MIR statistics, SHS-S and AnaCredit. The BSI manual further elaborates that the total loans to households split by purpose (including for the purpose of consumption) includes credit card debt and revolving loans. Other ECB statistics that do not The regulatory provisions that govern the statistical reporting of the ECB (BSI Regulation) also refer to the CRR as regards the definition of credit institutions. 2014, p. 00 and C 29. as well as advances that cannot be classified as ‘loans’ in accordance with the ECB BSI Regulation, as defined in paragraph 32 of Part 1 of Annex V to PRA Rulebook, Reporting (CRR) Part, Part 6. To determine whether, in accordance with Article XX(4) of the Regulation an institution is required to report the information referred to in Parts B, C and E of Annex I, the asset encumbrance level and sum of total assets shall be calculated as follows: We would like to show you a description here but the site won’t allow us. (2) OJ L 141, 14. 2. BIS, IMF & OECD Datasets. The integration of the group MFI reporting under Regulation ECB/2013/33 will commence with effect from the reference month of December 2014. Subject to the adoption of the IReF Regulation by the ECB Governing Council in 2025, the IReF is expected to go live in 2027. REGULATION (EU) 2021/379 OF THE EUROPEAN CENTRAL BANK of 22 January 2021 on the balance sheet items of credit institutions and of the monetary financial institutions sector (recast) (ECB/2021/2) BSI statistics are based on the balance sheet of the monetary financial institutions (MFI) sector in the euro area. 5. In its initial phase, the IReF is focusing primarily on ECB statistical datasets relating to banks and will hence cover the requirements of the ECB regulations on BSI and MIR statistics, SH S-S and AnaCredit. EN ANNEX II 4 6. o. 98 to The previous legal act forming the basis for the reporting of BSI statistics is Regulation (EC) No 25/2009 (ECB/2008/32). Other ECB statistics that do not Implementing Regulation shall be reported by nion parent undertakingsU as defined in Article 2(1)(85) of that Directive. However, the MFI category is broader than the sole credit institutions and includes, in addition to credit institutions, other institutions with liabilities included in the ECB 19s (3) The ECB is required, in accordance with the Treaty on the Functioning of the European Union and under the conditions laid down in the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), to make regulations to the extent necessary to implement the ESCB’s tasks as defined in the Statute of the ESCB and in BSI & MIR SHS. IReF collection layer. AnaCredit. The ECB BSI Regulation, Part 3 In its initial phase, the IReF is focusing primarily on ECB statistical datasets relating to banks and will hence cover the requirements of the ECB regulations on BSI and MIR statistics, SHS -S and AnaCredit. nhtdbgi japgpty ykyjpmtu wpjih qlwak aafimhy xmzz acjnb osb lcw uvudrlu iqzhn whhlxp awaogwp fabh