EMEA Regulatory Webinar: Resolution Reporting + the Future Looking Horizon

Focus: Regulatory
Online / Dial-in without leaving your office/desk
FREE / Live presentation

18 Oct, 2018
10:30am (London) Duration - 1 Hour

Firms must plan i) for data gaps, ii) actions needed to fill these, iii) new processes to meet new reporting and iv) project implementation and testing work.

Hidden amongst other changes from the EBA at the end of this year, there is a whole set of Resolution Planning Reporting templates.  Furthermore, aligned to this, the PRA is introducing reporting for Minimum Requirement for Own Funds and Eligible Liabilities.  Join our webinar to find out how you are affected and to plan for the changes.

We will set out the Bank Recovery & Resolution Directive and associated EBA and UK PRA reporting.  BRRD is a minimum harmonisation Directive and the associated reporting is about a) firm structure, b) quantitative information and c) structure and type of the bank’s critical functions.  Local National Competent Authorities can add on and vary the reporting.  Indeed, the PRA’s reporting serves to verify a firm’s “MREL” (Minimum Requirement for own funds and Eligible Liabilities).

New reporting:

  • EBA templates: 15 “Z” templates under BRRD in EBA XBRL.
  • PRA reporting: 3 templates MRL001, 002 and 003, in BEEDS XBRL.

Hear about:

  • Scope of application of the minimum resolution framework (and the minimum set of data points)
  • Detailed minimum procedural requirements
  • How the templates are “in line with the latest experience available”
  • Dive into the technical annexes: “resolution reporting requirements are integrated in the EBA’s single data point model, backed by validation rules and optional taxonomies”
  • Future looking horizon – PRUVAL, PRA 110, SRDD and European Banking Authority Framework 2.9

Firms will experience real challenges Gathering, in reporting quality, data which may never have been reported before in this way, and will need to plan for data gaps, actions to fill these, new reporting processes to meet the new requirements and of course project implementation and testing work.

The webinar will help your firm get ahead with these challenges now.

    Presented by

    james-phillipsJames Phillips – Global Head of Regulatory Strategy

    James is an industry expert on regulatory issues monitoring them on a global, regional and country/regulator basis through frequent interaction with regulatory groups and financial institutions. As a result, he fully understands financial services institutions’ operational procedures relating to internal and external monitoring and reporting demands.

    Email: jphillips@vermeg.com / reginfo@vermeg.com

    VERMEG REG-Xperts are constantly monitoring the regulatory landscape, reading and interpreting the rules.

    Ask our REG-Xperts a question in advance of the webinar by emailing reginfo@vermeg.com