Regulatory Glossary

This glossary contains terms and abbreviations in the field of regulatory reporting. It should help you to get a quick and general overview of the respective terms.

FinaRisikoV Finanz- und Risikotragfähigkeitsinformationenverordnung (Fianancial and internal capital adequacy information regulation)

The Financial and Internal Capital Adequacy Information Regulation (German: Finanz- und Risikotragfähigkeitsinformationenverordnung; FinaRisikoV) is a German regulation from the Deutsche Bundesbank concerning the submission of financial and risk-bearing capacity information according to the German Banking Act (KWG). The FinaRisikoV summarizes already existing regulations with respect to national regulatory reporting. Examples for this are the acquisition of financial statement data, credit data and risk-bearing capacity information.

FinaV Finanzinformationenverordnung (Financial Information Regulation)

The Financial Information Regulation (German: Finanzinformationenverordnung; FinaV) is a German regulation of the Federal Financial Supervisory Authority (BaFin) for collecting P&L and credit data of institutions based on the German Commercial Code (HGB). It summarizes the normal regulatory reporting (P&L, plan data), the Monthly Returns Regulation (MonAWV) and the summarized Monthly Returns Regulation (ZuMonAWV) as well as the German Payment Services Supervision Act (ZAG).

FinFRAG Finanzmarktinfrastrukturgesetz (Financial Market Infrastructure Act)

The Financial Market Infrastructure Act (FinFRAG) is a Swiss federal law, which entered into force on 1 January 2016. The FinFRAG is similar to the European Market Infrastructure Regulation (EMIR), but some constraints are less stringent. In principle, it regulates the reporting of OTC-derivatives transactions to a transaction register (TR) and requires market participants to clear their derivatives transactions via a central counterparty (CCP).

FinRep Financial Reporting Framework

The Financial Reporting Framework (FinRep) is an IT standard. Capital market-oriented parent companies, which have to prepare an IFRS based consolidated financial statement, have to deliver the Europe-wide harmonized FinRep information (consolidated data). The Financial Reporting Framework entered into force on July 1, 2014. Based on four core reports regarding assets, liabilities, capital and income statement there are up to 65 additional reports about balance sheet items, income statement items or off-balance sheet positions.
Parts of the basic report include income statement data, hidden reserves / losses, credit transactions, interest-change risks, structural / interest contribution as well as several plan data.

Link to BearingPoint's topic page

Link to the Bundesbank's website

FinTech Financial Technology

FinTech is a collective term, which describes all the technologies within the increasingly modern field of financial services. It needs to be distinguished from the term RegTech.

Forbearance

Forbearance is a part of the EBA Final Draft Implementing Technical Standards, which were published by the European Banking Authority (EBA) on October 21, 2013. Forbearance means concessions to the debtor due to difficulties.

Link to the EBA's website

FP Funding Plans

Funding Plans (FP) have been defined by the European Banking Authority's (EBA) "Guidelines on harmonized definitions and templates for funding plans of credit institutions under Recommendation A4 of ESRB/2012/2" from June 19, 2014. The regulation especially contains guidelines concerning the improved supervision of the funding management and funding risks of financial institutions by supervisory authorities.

Link to BearingPoint's topic page

Link to the EBA's website

FRTB Fundamental Review of the Trading Book

The Fundamental Review of the Trading Book (FRTB) is a consultation paper from the Basel Committee on Banking Supervision (BCBS) published in October 2013. The FRTB is a fundamental reform of the supervisory approach for measuring and securitization of Market Risks as well as of the equity requirements according to the trading book. This review was replaced by the new Basel III standards "Minimum Capital Requirements for Market Risk" on January 14, 2016.

Link to BearingPoint's topic page

Link to the BCBS' website

FSB Financial Stability Board

The Financial Stability Board (FSB) is an international organization, which supervises the global financial system and makes recommendations. It arose from the Financial Stability Forum at the G-20 Summit in April 2009 in London. The Financial Stability Board (FSB) is based at the Bank for International Settlements (BIS) in Basel in Switzerland. In addition to the G-20 countries', international institutions as the World Bank, the European Central Bank (ECB) and the European Commission are also members.

Link to the FSB's website

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