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…
If you are a bank and you want to join the BIRD initiative send us an e-mail BIRD@ecb.europa.eu.
(new) The ANNUAL WORKSHOP WITH THE software vendors IS postponed to 2020
The annual meeting with software vendors and consultancy companies originally planned for 24 September 2019 has been postponed to 2020, as work is currently on-going on BIRD testing and the result of the activities will be presented in 2020. A workshop on on BIRD testing with software vendors and consultancy companies participating in testing was held in May 2019 (the relevant material can be found here. )
Material on the September 2018 workshop for consultancy companies can be found here.
About this release (10.07.2019)
The BIRD Release 4.0 integrates the following reporting requirements:
–The European Banking Authority (EBA) Implementing Technical Standards (ITS) with respect to Resolution Planning data requirements, implementing the BRRD/SRMR framework.
– The EBA ITS with respect to FinRep requirements (updated to version 2.8), implementing the CRD IV/CRR framework.
– Regulation (EU) 2016/867 of the European Central Bank on the collection of granular credit and credit risk data for resident credit institutions and resident foreign branches of credit institutions (AnaCredit Regulation)
– Regulation (EU) No 1011/2012, as amended by Regulation (EU) 2016/1384. It concerns the collection of Statistics on Holdings of Securities (SHS).
This release has completely updated the Validation and Transformation Language (VTL) used for transformations that it is now described in the VTL 2.0 released in July 2018 by the SDMX community.
This release consists of a complete methodology used to describe the various datasets of the different layers (e.g. Input Layer, Output Layer) in the BIRD.
|Good to know
– Additional information regarding the Transformation rules describing the operations applied to the Input Layer in order to generate the Output layer(s) may be found in the Framework generation and the Methodology section (specifically Annex II on transformations for information on conventions). Transformations may be traversed from the Output layer to the Input layer as each Transformation scheme’s formal description (VTL syntax) links to the previous Transformation scheme(s) in the form of links for each data sets that is an input for the Transformation scheme.
|What’s coming next:
– We are working on the visualization of the dictionary content, i.e. Mappings, Member hierarchies and Transformations