EUCLID Project addressed to National Supervisors

EBA EUCLID PROJECT

New EBA Project EUCLID (The European Centralized Infrastructure for Supervisory Data) aims to improve the collection, analysis and dissemination of supervisory data of banks. The main objective of EUCLID is to extend the collection of supervisory data from the current statistical sample consisting of the 200 largest banks in the EEA (European Economic Area) to the full range of individual banks and banking groups in the EEA. EBA expects data to be compliant with the technical standard (EBA ITS, XBRL), so it is necessary to transform the data. The data volume is also problematic, with hundreds or even thousands of reports that should be sent at the end of the quarter.

Our solution – XBRL Processor

Many central banks are considering introducing the EBA ITS standard directly by bank, but there are alternatives that can be used to adapt current systems to this standard. The XBRL Processor is such an alternative.

The XBRL Processor is an automatic data processing system that meets the needs of centralized management of source data and automatic input data. The application facilitates automatic conversion to the XBRL format required by EBA.

The XBRL Processor main capabilities:

  • data mapping from various data sources to XBRL structures
  • review and editing of XBRL reports
  • validation against XBRL Formula validation rules
  • automation of the transformation/validation process
  • desktop and www access to reports

Our solution allows automatic transmission of reporting data with their automatic validation. XBRL Processor also lets you view reports for verification with the possibility of validation and visual presentation of errors and allows you to achieve compliance with EBA requirements, e.g. business cards, filing rules etc.

Choosing the XBRL Processor you gain maintenance-free creation of reports filled with data, efficient support for data calculation and adaptation of the collected data in another format to the XBRL format required by the EBA.

This XBRL processor is ready to use immediately, due to the fact that using our software is intuitive.

If you require more information, contact us and see our information leaflet!

EUCLID PROJECT LEAFLET

FOR MORE INFO ABOUT SOLUTION COMPLIANT WITH EUCLID PROJECT, PLEASE CONTACT US:

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Changes in aSISt technical requirements

Due to the technological changes aiming to increase the efficiency and speed of the aSISt reporting system, starting from September 2020 aSISt application will be working with Oracle database in version 12 or higher.

For above reason from September 2020:

  • we will discontinue tests of Oracle 11
  • errors troubleshoot related to aSISt products connected to the Oracle 11 will not be processed

To have full compatibility with Oracle database all clients of aSISt products are required to install Oracle 12 version or higher.

If you have problems updating the Oracle database, you can use our migration service.

Attention!
aSISt applications working with Derby database are not affected by new requirements. There is no need to migrate from Derby to Oracle database.

A document with new technical requirements is available at:
https://support.asist-xbrl.eu/sites/default/files/documentation/aSISt_tranSIS-system_requirements_from_09.2020.pdf

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New EBA ITS Framework 2.9 and project EUCLID – what does it mean for European banks?

ARCHIVAL POST

This is the archival post about EUCLID Project. If you are looking for newest information about the EUCLID Project, click here. If you are looking for the EUCLID reporting solution, click here
newest Project EUCLID info

EUCLID Project reporting tool


The EBA ITS Framework 2.9, on which reporting will be based, will be implemented in several stages. The first part of the  EBA ITS Framework 2.9 is to take effect from December 31, 2019, which means that the first reporting can be expected in January 2020.

As you can read on the EBA website, the assumption of the project is to implement the reporting changes in reports: RES, Liquidity (LCR), Corep, Finrep and Benchmarking ITS.

The periods of publication of the new framework are presented in the following chart:

How will current reports change?

Resol:

  • Changes in existing reporting requirements – adjustments and additional templates.

Corep:

  • Changes to align with new securitization framework.

Finrep:

  • Changes concerning non-performing and forborne exposures reporting, P&L and IFRS16.

Liquidity:

  • Changes to align with the LCR amending Act.

Supervisory Benchmarking:

  • Changes to reporting requirements as specified in the ITS on supervisory benchmarking of internal models.

Everything points to the fact that the EBA prepares us to fully integrate the EUCLID project. Which aims to increase transparency of European banks’ data, including through extend the collection of supervisory data from the current statistical sample consisting of the 200 largest banks in the EEA (European Economic Area) to the full range of individual banks and banking groups in the EEA. Each report will have to be sent in the technical standard required by EBA (EBA ITS, XBRL). That means all banks will be obliged to adapt to new requirements.

For official information about EUCLID project visit eba.europa.eu

REPORTING SOLUTION FOR PROJECT EUCLID

In response to the needs of central banks, we have prepared a reporting system dedicated to the EUCLID project.

The XBRL Processor is an automatic data processing system that meets the needs of centralized management of source data and automatic input data. The application facilitates automatic conversion to the XBRL format required by EBA.

If you are looking for EUCLID solution, click here for more info.

EUCLID PROJECT REPORTING SOLUTION



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