With two of three phases of the Implementing Technical Standards (ITS) for Data Point Model (DPM) 3.2 published, the European Banking Authority (EBA) introduced some changes to the DPM and validation rules.
Changes to Data Point Model (DPM) 3.2
However, the latest changes that have been introduced are going beyond "the usual" amendments to the framework and reflect the following:
- Enhanced principles of proportionality allowing exemptions from ALMM (COREP) and Asset Encumbrance, particularly for small and non-complex credit institutions (SNCIs).
- Updates for the reporting of one single module and removing the Consolidated/Individual and IFRS/GAAP split approach (e.g. AE_CON and AE_IND become AE).
- Most striking changes come in the EBA’s filing indicator rules. The new rule 1.6.e is added to clarify that a reporting document must contain at least one filing indicator expression, with either a positive or negative declaration indicator, for all templates in the reported module.
A filing indicator element containing a code associated with a particular reporting unit, is used to indicate the intention of a reporter to report that reporting unit, or to indicate the intention not to report that reporting unit.
Failure to have a clear notification indicator will result in the rejection of the report.
The EBA XBRL Filing Rules document/guidance has been updated to reflect the current changes.
Responding to EBA’s ‘remove of misinterpretations’ Filing Rules new requirement ATOME: Particles offers a useful visibility feature - making verification of completion of the filing indicators pointed and accessible on the export to ensure all the indicators are in place, as expected.
Get in touch with our experts to find out more about ATOME solution or request a demo to explore how it works:
- It is expected that phase 3 within DPM 3.2 will shed lights on the updates to the DPM relating to Final report on Guidelines on the benchmarking exercises on remuneration practices and the gender pay gap under Directive (EU) 2019/2034. These guidelines introduce respective activities for investment firms under the Investment Firms Directive (IFD) and apply as from 31 December 2022.
- The tentative publication date of the phase 3 within DPM 3.2 framework is December 2022.