CSRD (Corporate Sustainability Reporting Directive) – The What, When and Why
What - The Corporate Sustainability Reporting Directive (CSRD) is a proposed legislative framework by the European Union (EU) that aims to enhance and standardise sustainability reporting by companies operating within the EU. It builds upon the existing Non-Financial Reporting Directive (NFRD) and introduces a more comprehensive and harmonised reporting regime for sustainability and environmental [...]
BRSANALYTICS on Payment Statistics (PSS)
Following the Central Bank Payment Statistics Workshop held on the 2nd September, all reporting entities who provide payment services will be required to start reporting new ECB payment statistics on a quarterly and semi-annual basis. The data submission mechanism is to be done via XML and no Excel template from the Central Bank will [...]
CoreFiling – Seahorse – Customer Notice
Dear Customers, This is a planned maintenance notification covering all current Seahorse production deployments. On 22nd October 2020, the Seahorse servers will undergo routine upgrades. The upgrade process may cause a brief interruption to the service between 1800 and 2200 BST. Thanks & Regards, The BRSANALYTICS Team
Euro zone economic recovery falters in August
LONDON (Reuters) - The euro zone’s recovery from its deepest economic downturn on record hit the brakes in August, particularly in services, as pent-up demand unleashed by the easing of coronavirus lockdowns dwindled, a survey showed on Friday. To contain the spread of the virus, which has infected over 22.5 million people globally, governments [...]
Norway mortgage demand rises as rates fall, central bank survey shows
OSLO (Reuters) - Demand for mortgages in Norway rose significantly in the second quarter, a sharp turnaround from earlier this year amid lower interest rates that drove an upturn in the housing market, a quarterly central bank survey showed on Thursday. “Demand for first-home mortgages has risen, though less than overall residential mortgage demand,” [...]
Banks say they are tightening lending standards even as demand for money falls
Banks are tightening lending standards across the board despite lower demand and as the Federal Reserve encourages lending. They said in a Fed survey that they are lowering credit limits and demanding higher minimum credit scores from consumers. Banks are tightening lending standards across the board even as they’re being urged to get money [...]
Regulators ease no-deal Brexit fears in funds sector
LONDON (Reuters) - Regulators in Britain and the European Union said they have dusted off their no-deal Brexit agreements to avoid disruption in cross-border asset management. Britain left the EU in January, but unfettered access to the European market has continued under a transition agreement that ends in December. Negotiations of a new UK-EU [...]
EBA launches additional EU-wide transparency exercise
The European Banking Authority (EBA) launched today an additional EU-wide transparency exercise to provide market participants with updated information on the financial conditions of EU banks as of 31 December 2019, prior to the start of the COVID-19 pandemic. The EBA expects to publish the results of this exercise at the beginning of June. [...]
EBA issues updated list of validation rules and related taxonomy to improve data quality
The European Banking Authority (EBA) issued today an updated list of validation rules and XBRL taxonomy related to its Implementing Technical Standards (ITS) on supervisory reporting. This update aims to improve data quality issues for the reporting framework v 2.9. The package for the reporting framework v 2.9 includes new and amended validation rules, [...]