ALMM – timing of new introduction
6 new reports that contain over 15,000 data points. Under taxonomy 2.3 these contain very limited validations and can be therefore seen as work in progress.
Four categories of reporting are:
- A contractual maturity analysis (c66)
- The concentration of funding by counterparty and product (c67 & C68)
- Volumes, spreads and roll-overs of funding in the past month (c69 & c70)
- The concentration of counterbalancing capacity (c71)
Current timescale is that the ALMM will be introduced from 1 July 2015 but this is subject to approval by the European Commission and at the current time this approval has not been given. There is therefore wide expectation of a delay and a revised timetable.
Even with this earliest adoption, most UK firms will be exempt from monthly submissions (Chapter 7B, Article 16b of Regulation (EU) No 680/2014). For those firms (total assets less than EUR 30bn), reporting would not commence until the next quarterly (q3) September reference with reporting in November 2015
For a detailed specification or further information, please contact [email protected]
