The ECB has published the taxonomy to be used by national competent authorities when submitting supervisory financial reporting data points (SFRDP) to the ECB, in accordance with the Regulation on supervisory reporting. The taxonomy provides a uniform technical format for data collection, defining the data items, business concepts, relations, visualisations and validation rules. It uses “eXtensible Business Reporting Language” (XBRL).
The ECB’s taxonomy is similar to that used by the European Banking Authority, which ensures a uniform application of the Implementing Technical Standards on Supervisory Reporting.
The taxonomy implements Regulation (EU) 2015/534 on reporting of supervisory financial information and does not create any additional legally binding obligations on the national competent authorities.