Project Status

In 2013 the Statistics Committee (STC) of the European System of Central Banks has investigated the possibility to promote an integrated approach to supervisory and statistical data.

In 2014 an STC Groupe de Réflexion recommended the development, in close collaboration with the banking industry, of a European “input approach” model which would provide a standardised design of the banks’ internal data warehouses to support the data reporting to the authorities.

In 2015 a workshop with the industry, hosted by the ECB, has indicated as the best approach for launching the implementation of BIRD, the implementation of the new requirements related to the collection of granular credit and credit risk data (hereafter AnaCredit) as defined in Regulation (EU) 2016/867), and data on holdings of securities (hereafter SHS) as defined in Regulation (EU) No 1011/2012 as amended by Regulation (EU) 2016/1384.

Considering the limited time for implementing the AnaCredit and SHS requirements, it was decided to start with a light short term approach via a BIRD pilot for AnaCredit and SHS. The BIRD pilot started in 2015 with some volunteer National Central Banks (NCBs) and banks contacted by each participating NCB.

The BIRD pilot has been successfully concluded in April 2017, with the publication of a comprehensive and detailed documentation describing in a formal language how the requirements addressed to banks with respect to the ECB Regulations on AnaCredit and Securities Holdings Statistics (for banking groups) may be satisfied by using data from the banks’ internal systems. The documentation is available to banks and all interested parties, as a public good and free of charge.

Following the release of the BIRD pilot, a survey was performed in order to collect information on the public reception of the BIRD and to gather opinions on which reporting framework to include next into the dictionary. The results of the survey showed a significant increase in interest in the BIRD, especially from consultants and software vendors and a preference for FINREP to be included in the BIRD.

A workshop aimed at consultants and software vendors focusing on the BIRD methodology was held on the 25th and 29th of September resulting in an exchange of information and suggestions for improvements, that were taken into consideration.

Currently, the BIRD group is working on the implementation of FINREP into the dictionary. A meeting was held in October 2017, hosted by the Oesterreichische Nationalbank (Austrian Central Bank) in Vienna. The goal of the meeting was to perform an initial gap analysis of FINREP reporting requirements and the status of the BIRD version 1.0 (including AnaCredit and SHS Group requirements). The concepts that can be reused have been identified, as have been the gaps. The BIRD members also performed a more in-depth analysis on the methodology, with respect to FINREP, and on the mappings done prior to the meeting.

The next BIRD Meeting is scheduled from the 21st to the 24th of November, hosted by the ECB in Frankfurt. Participants will start working on solutions for the gaps and challenges identified during the Vienna meeting in October.

The first BIRD Meeting for 2018 is scheduled for January.