Place: Microsoft Teams
Present: Officials of the Bank of Finland (BoF) and Financial Supervisory Authority (FIN-FSA). Industry representatives from the Savings Banks Group, OP Financial Group and Aktia.
1. Opening of the meeting
- It was agreed that meetings future will primarily be held on Microsoft Teams, with a meeting from time to time at the Bank of Finland without a remote option
2. Current IReF issues
- Reporters will be under an obligation to report and validate counterparty data in a common reporting portal
- The file format for data exchange between IReF and the reporters will be xBRL-CSV
- In this file format, the report itself is in the CSV format, but metadata consists of JSON data
- Loan-by-loan data collection on natural persons is likely to take place
- The ECB will publish a summary of the first matching notes and the IReF data model in April
3. Harmonisation of FINREP and IReF in cCBA analysis
- There is consensus about the need of harmonisation of the contents but disagreement about the details
- IReF requirements will be specified using Data Point Model (DPM) 2.0
- The gross carrying amount attribute is will likely be included in the IReF