Public consultation on the SRB’s ‘Data Set for valuation’

Start date: 19 May 2020 | Deadline: 30 June - 12:00 (Brussels time) | Status: Closed |

The Single Resolution Board (SRB) has launched a public consultation on its standardised data set to ensure that the minimum needed data is available to support a robust valuation for resolution.

In 2019, the Single Resolution Board (SRB) published its Framework for Valuation. The objective of this framework is to provide independent valuers with an indication of the SRB’s expectations regarding the principles and methodologies for valuation reports as set out in the legal framework i.e. Valuation 2 – either provisional or definitive, as the case may require – as well as Valuation 3.  Following the publication of the Framework for Valuation, a second key building block of SRB’s approach on valuation is the definition of a standardised data set covering the minimum data needed for the valuation of a bank in resolution.

Within the context of resolution, the capacity of banks’ management information systems (MIS) to provide accurate and timely information is crucial for the reliability and robustness of valuations. Therefore, the data availability is a fundamental prerequisite for the work in valuation.

The SRB consults on two documents:

  • The SRB Valuation Data Set instructions document develops the SRB Valuation Data Set and establishes clear expectations in relation to data needs. In order to serve these objectives, a common understanding of the definitions of the data fields is required. These data instructions provide additional guidance on detailed definitions of key topics and describe data definitions in detail.
  • An explanatory note aiming to provide guidance to the banks regarding their MIS capabilities to produce information that is as up to date and complete as possible and of adequate quality to carry out a fair, prudent and realistic. The SRB Valuation Data Set does not impose any reporting obligations; it is rather a tool that defines the SRB’s expectations concerning the information necessary to perform an independent valuation and provides guidance to institutions in this respect. The documents describe the proposals, provide the rationale and highlight several specific questions to which the SRB seeks responses. The SRB is eager to receive responses and suggestions from a full range of stakeholders. In line with our intention to consult the industry on key documents, the SRB invites feedback between 19 May 2020 and 30 June 2020 – 12:00 (Brussels time) through this link.

 

Personal data and privacy statement

The SRB is committed to user privacy. When carrying out public consultations we adhere to the policy on 'protection of individuals with regard to the processing of personal data by the Union institutions, bodies, offices and agencies', based on Regulation (EU) 2018/1725 on processing of personal data by the EU institutions. Full statement.

Contact: SRB-Info@srb.europa.eu

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