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.
If you are a consultant company you are welcome to participate in our next Workshop.
About this release (31.08.2018)
The current BIRD Release 2.1 integrates the following reporting requirements:
– (NEW!) The European Banking Authority Implementing Technical Standards with respect to FinRep requirements (version 2.7), 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 consists of a complete methodology used to describe the various datasets of the different layers (e.g. Input Layer, Output Layer) in the BIRD.
A maintenance activity is foreseen to ensure the perfect integration of all the frameworks, in particular the transformation rules related to SHS regulation.
|The main changes compared to the previous release concern:
– Transformation rules describing the operations applied to the Input Layer in order to generate the Output Layer. Please also take a look at the Framework generation section (specifically the subsection dedicated to FinRep) in order to understand the result of the transformations and also the Methodology section, Annex II on transformations for information about conventions used;
– Enhanced dictionary functionalities (i.e. improvements of the metadata methodology) providing additional features for describing integrated data, for more information please have a look in the methodology section;
– Description of FinRep Templates (using both, the DPMs codification system as and the reference codification system) based on this methodology;
– New structure and content of the Technical guidelines: a documentation with concrete examples in order to understand the methodology and the transformation rules both in a general environment and with respect to specific frameworks;
– Entity relationship model visualization: on the sidebar you find a tab linking you to the BIRD’s Input Layer ERM as well as the dictionary’s underlying Information Model ERM. Both ERMs are interactive in the sense that double clicking on an entity will link you to the entity’s description.
– Dictionary navigator improvements: please feel free to explore the content of the dictionary using our improved dictionary navigator (in the lower part of the sidebar). It provides different access points to the dictionary’s content. If you’re, for example interested in the BIRD Input layer you may access the dictionary via the Framework Navigation and select the BIRD framework which will provide you with the framework’s cubes;
– Updated dictionary navigator for transformations: the Transformation Scheme Navigation allows you to select and explore a specific transformation scheme (either by type or phase). Please note that the VTL description of each transformation scheme now allows you to reach the previous transformation scheme by clicking on the input dataset(s) (mostly the ones used in the first few lines of transformations). This allows you to “walk the path back” to the Input Layer from any given Transformation scheme. Enjoy!
|What’s coming next:
– New visualization tools will be provided for mappings, transformations and hierarchies.