New to the BIRD?
Banks must generate a vast amount of data to comply with statistical and supervisory reporting requirements. BIRD – a new initiative of the ESCB’s Statistics Committee – should help them meet this challenging task, increasing the efficiency of their reporting systems and resulting in higher quality banking data. Read more…
About this release (10.02.2017)
Regulation (EU) 2016/867 of the European Central Bank of 18 May 2016 on the collection of granular credit and credit risk data (so called AnaCredit Regulation) defines a set of reporting requirements for resident credit institutions and resident foreign branches of credit institutions. Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384, concerns the collection of Statistics on Holdings of Securities (SHS).
The present release of the BIRD documentation comprises a complete definition of the input layer and a first set of transformation rules needed to produce the AnaCredit output layer. It also includes a draft structure of input information covering SHS requirements related to banking groups’ data.
The BIRD documentation is described in the database and in technical guidelines. It is also possible to navigate on the website through the elements of the BIRD dictionary. From the section “Contact Us” there is the possibility to send us observations (comments, suggestions, questions, etc.) concerning this BIRD release.
The main changes compared to the previous release concern:
– a new cube for owned securities and additional variables in the registry table of securities;
– input information for specific operations, such as factoring and credit facilities that apply to positive current accounts;
– some additions related to protection (distinction between item and claim for real estate, pool of items, prioritization of the protection value);
– some refinements and more detailed instructions regarding credit quality;
– some interventions on the variables related to securitisations and specific instructions for some operations;
– enhanced organisation of the transformation process, classifying the transformations by type and phase (see BIRD handbook for further explanation);
– update of the database model regarding to transformations, according to the VTL information model;
– changes in the existing transformations in order to adapt them to VTL 1.1;
– addition of new transformations.