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Regulatory reporting in
the light of the SSM
Industry and supervisors new
challenges
Giancarlo Pellizzari
Head of Supervis...
Rubric
2
Regulatory reporting in the light of the SSM
1
2 Supervisory Statistics: Organisation, activities and deliverable...
Rubric
3
Scope of the SSM – Introduction
Significant banks
as defined under the SSMR by:
 size
 importance for EU or dom...
Rubric
4
The SSM – Introduction
Tasks assigned to the ECB
Inter alia
licensing and authorising credit institutions,
asse...
Rubric
5
Directorate General Statistics – Introduction
DG-S is the overall data provider for ESCB tasks:
Article 5 (Statut...
Rubric
Statistical cooperation in the ESCB and SSM
6
ESCB
Statistics
Committee
(STC)
WG on
Euro Area
Accounts
WG on
Statis...
Rubric
7
Regulatory reporting in the light of the SSM
1
2 Supervisory Statistics: Organisation, activities and deliverable...
Rubric
8
Supervisory Statistics Division – Activities
The Supervisory Statistics Division (SUP) manages Supervisory
report...
RubricSupervisory Statistics Division – Organisation
Supervisory Data
Management (SDM)
Regular data
collections
Regular re...
Rubric
10
Regulatory reporting in the light of the SSM
1
2 Supervisory Statistics: Organisation, activities and deliverabl...
Rubric
Sequential approach: Responsibility lies within the compiler
Page 11
• Reports are imputed in XLS or
any other tran...
Rubric
SUBA
Oracle
database
NCA
SAS
Enterprise Guide
Page 12
IT structure and data flows
RubricOverview of all regular data collections
EBA ITS data to be transmitted to the EBA. Collections already started
EBA ...
Rubric
14
Regulatory reporting in the light of the SSM
1
2 Supervisory Statistics: Organisation, activities and deliverabl...
Rubric
* Status as at 12:00 on 17/09/2014
Quality of data – Overview
Page 15
RubricQuality of data – Under development
Page 16
Status
COREP LE NSFR etc.
Bank 1
Bank 2
etc.
All reports
Failed
validat....
RubricQuality of data – Under development
Page 17
Completeness
DP DP DP DP DP DP DP DP Etc. Total
Bank 1
Bank 2
etc.
Total...
Rubric
18
Regulatory reporting in the light of the SSM
1
2 Supervisory Statistics: Organisation, activities and deliverabl...
Rubric
19
Challenges for supervisors and for banks
Challenges for supervisors are:
1. Supervisory data process and control...
Rubric
20
Regulatory reporting in the light of the SSM
1
2 Supervisory Statistics: Organisation, activities and deliverabl...
Rubric
21
Conclusion
Source: KPMG – Evolving banking regulation - 2014
Rubric
22
Thank you!
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Regulatory reporting in the light of the SSM: Industry and supervisors new challenges

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2014 giancarlo pellizzari european central bank
Conférences Arrow institute par conferences institute
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Regulatory reporting in the light of the SSM: Industry and supervisors new challenges

  1. 1. Regulatory reporting in the light of the SSM Industry and supervisors new challenges Giancarlo Pellizzari Head of Supervisory Statistics Division DG Statistics * The vies * The views expressed are those of the presenters and do not necessarily reflect the position of the ECB. * The views expressed are those of the presenters and do not necessarily reflect the position of the ECB. * The views expressed are those of the presenters and do not necessarily
  2. 2. Rubric 2 Regulatory reporting in the light of the SSM 1 2 Supervisory Statistics: Organisation, activities and deliverables Introduction: Statistics and the SSM 3 IT structure and data flows 4 Data quality 5 Challenges for supervisors and for banks 6 Conclusion
  3. 3. Rubric 3 Scope of the SSM – Introduction Significant banks as defined under the SSMR by:  size  importance for EU or domestic economy  extent of significant cross- border activities Less significant banks when necessary to ensure consistent application of high supervisory standards Banks that have requested or received ESM or EFSF public financial assistance Three most significant banks in each participating Member State Direct supervision by the ECB Less significant banks Direct supervision by the NCAs Significant vs. less significant entities
  4. 4. Rubric 4 The SSM – Introduction Tasks assigned to the ECB Inter alia licensing and authorising credit institutions, assessing qualifying holdings, ensuring compliance with the minimum capital requirements, ensuring the adequacy of internal capital in relation to the risk profile of a credit institution conducting supervision on a consolidated basis and supervisory tasks in relation to financial conglomerates. ensuring compliance with provisions on leverage and liquidity, applying capital buffers and carrying out, in coordination with resolution authorities, early intervention measures when a bank is in breach of, or is about to breach, regulatory capital requirements. Concerns all Banks in euro area (+/- 6000 Banks) Close cooperation with National Competent Authorities
  5. 5. Rubric 5 Directorate General Statistics – Introduction DG-S is the overall data provider for ESCB tasks: Article 5 (Statute): “In order to undertake the tasks of the ESCB, the ECB, assisted by the national central banks, shall collect the necessary statistical information, either from the competent national authorities or directly from economic agents.” DG Statistics: Statistical domains: Develops, collects, compiles and disseminates statistics Develops, manages and applies the tools, databases and data processes Defines the concepts and classifications of the statistics used by the ECB and makes statistics available Monetary, financial institutions and financial markets statistics Balance of payments, international investment position, international reserves and other external statistics Macroeconomic statistics Survey data of households and enterprises
  6. 6. Rubric Statistical cooperation in the ESCB and SSM 6 ESCB Statistics Committee (STC) WG on Euro Area Accounts WG on Statistical Information Management WG on General Economic Statistics WG on Government Finance Statistics WG on Monetary and Financial Statistics WG on Securities Statistics WG on External Statistics Ad-hoc Task Forces WG on Statistical Information Managemen t (SSM) Statistics Committee STC/SSM WG on Supervisory Statistics Supervisory Statistics Division – Introduction
  7. 7. Rubric 7 Regulatory reporting in the light of the SSM 1 2 Supervisory Statistics: Organisation, activities and deliverables Introduction: Statistics and the SSM 3 IT structure and data flows 4 Data quality 5 Challenges for supervisors and for banks 6 Conclusion
  8. 8. Rubric 8 Supervisory Statistics Division – Activities The Supervisory Statistics Division (SUP) manages Supervisory reporting data and provides services to SSM related to these data. In practice, SUP is responsible to: 1. Develop, collect, compile and disseminate the datasets and quantitative risk reports for supervisory purposes. This entails the coordination, receipt, quality management and reconciliation of supervisory data of credit institutions, including those based on the implementing technical standards of EBA (e.g. COREP, FINREP). SUP controls and monitors (not ensures) the quality of data received. 2. Establish the governance framework for SSM data management from all Significant Institutions (SIs). 3. Receive, store and disseminate the relevant data on the indirectly supervised banks ("less significant banks").
  9. 9. RubricSupervisory Statistics Division – Organisation Supervisory Data Management (SDM) Regular data collections Regular reporting and dissemination Data Point Model enhancements Data quality control/improvement Relations with NCAs Methodology and Communication Support to preparation of legal acts, impact assessments Preparation and coordination of speeches, papers and presentations International Collaboration Working Group on Supervisory Statistics Liaison with EBA and participation to EBA substructures Supervisory Data Management Horizontal functions Supervisory Data Services (SDS) Pilot exercises New data developments and ad-hoc requests Correspondence with SSM data requests Relations with SSM Correspondence with Statistical data requests Supervisory Data Services
  10. 10. Rubric 10 Regulatory reporting in the light of the SSM 1 2 Supervisory Statistics: Organisation, activities and deliverables Introduction: Statistics and the SSM 3 IT structure and data flows 4 Data quality 5 Challenges for supervisors and for banks 6 Conclusion
  11. 11. Rubric Sequential approach: Responsibility lies within the compiler Page 11 • Reports are imputed in XLS or any other transmission format • Reports are transposed into XBRL format • Validation rules are applied • XBRL file is zipped into an envelope according to the naming convention • Data is transmitted to ECB • Additional checks at ECB • Data is transmitted to EBA Bank NCA ECB Bank NCA ECB XBRL provided by Bank XBRL provided by NCA IT structure and data flows
  12. 12. Rubric SUBA Oracle database NCA SAS Enterprise Guide Page 12 IT structure and data flows
  13. 13. RubricOverview of all regular data collections EBA ITS data to be transmitted to the EBA. Collections already started EBA ITS data to be transmitted to the EBA. Future data collections Additional EBA ITS Data to be collected by the ECB Additional data requirements of the SSM to be collected by the ECB Source: SSM Supervisory Reporting Manual. Dates reflect first remittance of ITS data to ECB.
  14. 14. Rubric 14 Regulatory reporting in the light of the SSM 1 2 Supervisory Statistics: Organisation, activities and deliverables Introduction: Statistics and the SSM 3 IT structure and data flows 4 Data quality 5 Challenges for supervisors and for banks 6 Conclusion
  15. 15. Rubric * Status as at 12:00 on 17/09/2014 Quality of data – Overview Page 15
  16. 16. RubricQuality of data – Under development Page 16 Status COREP LE NSFR etc. Bank 1 Bank 2 etc. All reports Failed validat. Resub. Days delay Av. days delay Bank 1 Bank 2 etc. COREP Failed validat. Resub. Days delay Av. days delay Bank 1 Bank 2 etc. LE Failed validat. Resub. Days delay Av. days delay Bank 1 Bank 2 etc. NSFR Failed validat. Resub. Days delay Av. days delay Bank 1 Bank 2 etc. Etc. Failed validat. Resub. Days delay Av. days delay Bank 1 Bank 2 etc.
  17. 17. RubricQuality of data – Under development Page 17 Completeness DP DP DP DP DP DP DP DP Etc. Total Bank 1 Bank 2 etc. Total « does it makes sense? » Lev. ratio Solv. ratio DP DP Etc. Bank 1 Bank 2 etc. Variance/changes Currency unit Geo. presence DP (solv. Ratio) Number of DP DP DP Etc. Bank 1 Bank 2 etc.
  18. 18. Rubric 18 Regulatory reporting in the light of the SSM 1 2 Supervisory Statistics: Organisation, activities and deliverables Introduction: Statistics and the SSM 3 IT structure and data flows 4 Data quality 5 Challenges for supervisors and for banks 6 Conclusion
  19. 19. Rubric 19 Challenges for supervisors and for banks Challenges for supervisors are: 1. Supervisory data process and control – data quality improvement. 2. Definition of derived statistics and indicators for the Risk Assessment. 3. The further development and harmonisation of supervisory reports. 4. Create synergies, reduce redundancies and successfully combine the statistical with the supervisory expertise. Challenges for banks are: 1. Understand ECB practices and reporting requests. 2. Improve data quality. 3. Be proactive in communication - Build trust Other stakeholders? Single Resolution Board?
  20. 20. Rubric 20 Regulatory reporting in the light of the SSM 1 2 Supervisory Statistics: Organisation, activities and deliverables Introduction: Statistics and the SSM 3 IT structure and data flows 4 Data quality 5 Challenges for supervisors and for banks 6 Conclusion
  21. 21. Rubric 21 Conclusion Source: KPMG – Evolving banking regulation - 2014
  22. 22. Rubric 22 Thank you!

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