Additional Supervisory Data Quality Checks (28/04/2023)
The ECB’s Banking Supervision Data Division has published a set of Additional Supervisory Data Quality Checks (28/04/2023). In addition to those already included in the European Banking Authority’s supervisory reporting frameworks (COREP and FINREP). These Additional Supervisory Data Quality Checks are in cooperation with national competent authorities (NCAs) within the Single Supervisory Mechanism (SSM),
These Additional Supervisory Data Quality Checks aimed at enhancing the quality of supervisory reporting data. The ECB applies these checks in conjunction with other controls as part of the quality assessment of supervisory reporting data. NCAs implement them whenever possible and workable. The list below has updated as new checks considered necessary and defined.
List of Additional Supervisory Data Quality Checks (28/04/2023).
The European Central Bank strongly encourages significant institutions (SIs) within the SSM to implement the extra checks in their own reporting systems prior to the submission of data to NCAs. SIs also encourage to ensure compliance with the checks before the supervisory reporting frameworks remitted to the NCAs.