Banking regulatory reporting
The focus of the article is the reform of the banking supervisory reporting system . The focus is on the area of interim financial data, basic reporting and financial reporting (also known as FINREP for short ).
Reform of prudential reporting
State of affairs for the financial data during the year
In February 2011, the German supervisory authority published a comprehensive concept for reforming the banking supervisory reporting system. The main focus is on the implementation of regular reporting of financial data both on the basis of the German Commercial Code (so-called basic reporting) and for IFRS groups (“Financial Reporting Standards” - FINREP). In addition, changes are planned in the area of the million dollar reporting system according to § 14 KWG. In particular, due to European initiatives in the area of FINREP, the individual strands of the reform were pushed forward separately from one another. On April 19, 2012, the supervisory authority published a new draft for the basic reporting system, in which many changes requested by the industry were taken up.
The basic reporting system extends exclusively to individual institutes and groups of institutes according to HGB. The reports should be made quarterly. In terms of content, it initially comprises a whole series of classic P&L items (e.g. interest and commission income). For some positions, plan data is also required. Under the “other information”, the institutes also include e.g. B. to provide information on hidden burdens / reserves, the structural and condition contribution or the credit volume or its quality.
According to the ideas of the supervisory authorities, the institutes should report for the first time on March 31, 2013. The industry was given the opportunity to comment on the new draft concept until May 18, 2012. With the introduction of the basic reporting system, the German supervisory authority (nationwide) has for the first time in its history quarterly earnings data on the basis of standard reporting. This improved information basis significantly strengthens micro- and macro-prudential supervision.
Due to European developments, the national reform efforts no longer include the FINREP reporting requirements. These are implemented in an ITS (Implementing Technical Standard) that is binding for all member states in the EU. In this respect there is no need for national implementation. The EBA (European Banking Authority) published the new European reporting requirements for consultation (CP 50) in December 2011.
Further developments in the areas of basic reporting and FINREP are reported separately at this point.
Basic reporting
The basic reporting consists of information on the income statement and other information.
Financial information
The reporting requirements for financial information consist of an IFRS consolidated balance sheet and an IFRS income statement (see also Financial Reporting ). The individual balance sheet and income statement items are broken down in detail in further tables. The financial information comprises a total of 69 tables.
Web links
- European Banking Authority
- Federal Financial Supervisory Authority
- Contribution to the reform of the banking supervisory reporting system (PDF; 2.7 MB)
Individual evidence
- ↑ Consultation 6/2011 - Consultation on the redesign of the banking supervisory reporting system . bafin.de. March 1, 2011. Retrieved July 26, 2012.
- ↑ National reform efforts - second draft concept for basic reporting , see concept of the German banking supervision - module A - page at BaFin ; Status: April 26, 2012 (Accessed: July 18, 2012)
- ↑ CP50 . eba.europa.eu. December 20, 2011. Archived from the original on February 10, 2012. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved July 26, 2012.
