Lombard Risk Media Centre

Keep up to date with Lombard Risk here: regularly updated with news and Press Releases,  details of coming Events and write ups from Past Events as well as regular commentary from our team of REG-Xperts in their BLOG.  Regulatory-related questions may be sent to our REG-Xperts on REGinfo@lombardrisk.comREGISTER HERE to receive FREE international regulatory information updates.  For more information on any of these items please contact us on info@lombardrisk.com.  Enquiries from journalists to receive press releases and/or comment from our business matter experts on topical issues are welcome at marketing@lombardrisk.com.

July 23, 2014

European Banking Authority (EBA) Reporting – “What’s on the horizon?” online poll results

Event summary and results of live online poll from recent webinar: European Banking Authority (EBA) regulatory reporting “What’s on the horizon?

These polls were carried out live during the 20th in the series of our online regulatory update webinars entitled EBA Regulatory Reporting – “What’s on the horizon?” The online briefing took place on 22nd July 2014 and was attended by business representatives from over 100 financial services institutions, mainly UK-based.

Download the presentation slides from the webinar by registering HERE >>>

July 11, 2014

Congratulations to our London team who completed the JP Morgan Corporate Challenge 2014

Congratulations to our London team who completed the JP Morgan Corporate Challenge yesterday with proceeds benefiting Water Aid.

Lombard Risk London Runners:

Bartosz Jedrzejewski, Lan Ly, Mark Cope, Amarjit Pabila, Ben Lau, Pippa Trigg Samuel Welford-Smith, Deepak Angeswar, Pete Francis, Dipta Tapasvi, Tom Tipping, Jatin Lodhia, Cesar Tron-Lozai, Howard Leon, Obaid Dehlavi & Ousida Rengenchetty

July 9, 2014

EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014

EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014

The European Banking Authority (EBA) recently published an XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. It presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) contained in the ITS on supervisory reporting, including the amendments relating to asset encumbrance, forbearance and non-performing exposures.

The taxonomy proposed by the EBA will lead to greater efficiency in and convergence of supervisory practices across Members States. The reference date is as of 30 September 2014 onwards and it includes the first reports under FINREP.

Read the EBA press release in full here…

July 4, 2014

EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions

The European Banking Authority (EBA) recently published its final Guidelines on harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising reporting of funding plans across the EU. The EBA is introducing a set of templates that contain harmonised definitions of the data that institutions should report to their competent authorities and the latter to the EBA. The set of templates will also enable the EBA to coordinate the assessment of funding plans and their viability across the EU, …

June 23, 2014

Lombard Risk reaches 1000 followers on LinkedIn

As Lombard Risk welcomes it’s 1000th follower on LinkedIn we would like to thank everyone who has ‘liked’ ‘shared’ and ‘commented’ on our updates, we love to hear from you! The aim of our LinkedIn company page is to provide you, our followers, with the latest series of online webinars, business briefings, press releases and whitepapers in the regulatory compliance and collateral landscape. To make sure you’re one of the first to hear about our news, you can follow Lombard Risk on LinkedIn …

May 23, 2014

China must move cautiously in cutting leverage ratio: PBOC official

China must act cautiously in cutting leverage ratios in the corporate and government sectors, as any abrupt move could deal a blow to an economy that is already slowing, a senior central bank official said. China has seen a rapid build-up of debt in recent years, especially following an investment spree driven by a 4 trillion Yuan stimulus package in the wake of the 2008-09 global financial crisis. Concern about the huge growth in Chinese corporate debt since the global …

May 22, 2014

Regulatory capital — enhanced supplementary leverage ratio (Final Rule)

The agencies have adopted a final rule to strengthen the supplementary leverage ratio standards for the largest, most systemically significant U.S. banking organizations. The final rule applies to any bank holding company (BHC) with more than $700 billion in consolidated total assets or $10 trillion in assets under custody (covered BHC) and any insured depository institution (IDI) subsidiary of these covered BHCs (covered IDI) Concurrent with this final rule, the agencies have issued a proposal to revise the calculation of …

May 21, 2014

Regulatory capital – proposed revisions to the supplementary leverage ratio

The OCC, the Federal Reserve and the FDIC are seeking comment on this NPR. The NPR would revise the calculation of total leverage exposure in a manner generally consistent with revisions to the international leverage ratio framework published by the BCBS in January 2014. The supplementary leverage ratio applies to all banking organizations subject to the agencies’ advanced approaches risk-based capital framework. The supplementary leverage ratio is the ratio of a banking organization’s tier 1 capital to its total leverage exposure, which …

Regulatory capital – proposed revisions to the risk-based capital definition of eligible guarantee for advanced approaches banks

The OCC, the Federal Reserve and the FDIC are seeking comment on a notice of proposed rulemaking (NPR) that would revise the advanced approaches risk-based capital rules by removing the requirement that only guarantees provided by certain counterparties are eligible for recognition as credit risk mitigates.Specifically, the NPR would modify the definition of “eligible guarantee” for purposes of the advanced approaches risk-based capital rules by removing the requirement that an eligible guarantee be provided by an “eligible guarantor” for all exposures other than securitization exposures. The …

May 20, 2014

The European Banking Authority (EBA) publishes revised list of incorrect ITS validation rules

The European Banking Authority (EBA) yesterday issued a revised list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that data submitted in accordance with these ITS should not be validated against the previously published set of incorrect rules.

Some initial tests based on real data from reporting firms, as well as some answers to questions submitted via the EBA Q&A tool, showed that several validation rules in the EBA’s ITS on supervisory reporting were incorrect or could trigger problems with some IT tools. As more real data will become available in the near future, the list of incorrect validation rules is expected to increase.

Updated versions will be published on the EBA website as soon as available.

May 19, 2014

How do you check your XBRL submissions are correct in gabriel?

Have you…

Generated your regulatory report in XBRL?
Submitted it to the regulator on-line?
Got an unhelpful error code (Assertion ID)?
Don’t know where to start looking where the fault in the report / XBRL is?

Today, Lombard Risk launched “XBRL Checker” a FREE, on-line facility to help resolve XBRL validation errors encountered when submitting EBA regulatory reports to FCA or CBI.

Start using XBRL-Checker now to help resolve validation errors in EBA / FCA Gabriel regulatory submissions >>>

May 8, 2014

EBA corep cor001 own funds and leverage

What’s the problem? Is your firm:

Needing a solution, now, to the XBRL COREP/COR001 reporting requirement?
In-scope for COREP Own Funds and Leverage reporting but not sure which other returns ?
Concerned about reporting fully validated, up-do-date returns?
Short on IT resource and reluctant to install new software right now?

We have the solution: Lombard Risk REPORTER is the answer.

Lombard Risk attends Grant Thornton Financial Services Webinar on CRD IV and COREP

Andrew Kesbey, Solutions Director at Lombard Risk, yesterday appeared as a guest speaker in a live webinar hosted by Grant Thornton, alongside Paul Garbutt and Lucy Bostick on The European Banking Authority (EBA)  postponement of the first COREP reporting deadline from April/May 2014 to end June 2014. Andrew discussed implementing COREP and CRD IV and whats on the horizon as we edge closer to the reporting deadline (June 30th), FINREP and Asset Encumbrance! More information on Lombard Risk’s COREP XBRL solution is available online …

May 7, 2014

EBA consults on draft technical standards on the treatment of equity exposures under the IRB approach

The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) to specify the treatment of equity exposures under the internal ratings-based (IRB) approach. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union. The consultation runs until 7 July 2014. These RTS propose that competent authorities grant institutions a temporary exemption from IRB treatment of certain equity exposures if such exemption was being applied on …

April 23, 2014

Solvency II: PRA published summary of Data collection exercises in 2014

The main focus of these data collection exercises in 2014 is to support preparations for and the transition to Solvency II and key millstones have been indicated.

The exercises apply to life and general insurance firms and are very similar to those used in previous years. The PRA intends to issue the templates in early May
which will be dependent on the EIOPA‘s “Technical
Specification” which is due at the end of April.

Solvency II Directive will come into force at 01/01/2016

April 22, 2014

IFRS: 5th Extract from the EECS’s Database of Enforcement

ESMA has published extracts from its confidential database of enforcement decisions on financial statements, with the aim of providing issuers and users of financial statements with relevant information on the appropriate application of the International Financial Reporting Standards (IFRS).

Lombard Risk REG-Xperts produce FREE international regulatory information updates; a series of briefing documents covering major international regulatory events. More information available online here.