Statistical Notice 2021/04

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Published on 26 May 2021

Bank of England Statistical Taxonomy – PWD

On Monday 24 May we published a second version 1.2.0 public working draft (PWD2) of the Bank of England Statistics taxonomy to support the collection of statistical data previously collected in an XML format. This change was announced in Statistical Notice 2021/02.

This PWD2 publication incorporates comments received during the PWD feedback window 21 April – 21 May 2021 and offers another opportunity to provide feedback. A change log has been published to outline changes between PWD and PWD2.

The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules represent the reporting requirements outlined on the Forms, definitions and validations page, and collected under the Statistical Code of Practice. The data point model is an extension of the European Banking Authority’s (EBA) data point model and filings will be subject to the EBA filing rules as published on the EBA website.

We invite feedback, particularly from firms and software vendors, on the PWD technical artefacts to uktaxonomypwdfeedback@bankofengland.co.uk by Friday 11 June 2021. Public working drafts (PWD and PWD2) should not be used for reporting. We will aim to publish the final version of the taxonomy and DPM in late July/ early August 2021.

BEEDS Migration

If you do not use a software house to help you send statistical data to the Bank of England, can you please let us know via the OSCA help desk ASAP. We can then keep you up to date with developments.

Migration to the new system will take place over an extended period and we will have a pilot of early adopters. We hope to be ready to on-board users to BEEDS towards the end of this year.

We are currently planning a project overview session open to all reporting firms where we will share a timeline and discuss the project in detail. We will be in touch with firms in the coming weeks to schedule these sessions.

We are also planning to form a working group of firms, where regular updates and general progress of the project will be discussed for those firms that don't use a software house. If you would like to be part of this working group of firms - please let us know, again via the OSCA help desk.