Circular BCL 2019/242 of 28 January 2019 — Adaptation of the frequency of report S 0.1 "Daily deposit report" and report TPTBHR (Title by title - Off-balance sheet data - Resident clients)

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Luxembourg, 28 January 2019
To all credit institutions
CIRCULAR BCL 2019/242
Adaptation of the frequency of report S 0.1 "Daily deposit report" Adaptation of report TPTBHR (Title by title - Off-balance sheet data - Resident clients)

Dear Madam, Dear Sir,

We refer to Circular BCL 2013/234 of 20 June 2013 concerning the introduction of a daily collection of information on deposits with credit institutions as well as to Circular BCL 2014/235 of 20 January 2014 relating to the modification of the statistical collection with credit institutions.

1. Statistical report S 0.1
   Following developments in the euro area that required the collection of information on bank deposits with a higher frequency, the BCL introduced the statistical report S 0.1 "Daily deposit report". The objective of this report is to anticipate developments that would lead to a situation in which a bank would be deprived of part of its refinancing.

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As the burden of collection increases constantly, the BCL has decided to reconsider the terms of submission of the S 0.1 "Daily deposit report". During this phase of reflection, it appeared that this report constitutes an important management tool in times of crisis, so that a pure and simple repeal cannot be considered. Thus, the BCL has decided to maintain the S 0.1 report but to reduce the frequency of submission of said statistical report. Thus, as of 1 April 2019, banks are no longer required to submit this report to the BCL on a daily basis but must submit it every 15 days. The BCL will adapt the calendar for submitting statistical reporting to provide the precise submission dates for the S 0.1 "Daily deposit report".

2. Statistical report TPTBHR
   As part of the implementation of statistical reporting on title holdings, as provided for under ECB Regulation 2012/24 concerning holdings in securities, the BCL had set up an indirect data collection through banks. These were invited to provide us with the details of the securities held on behalf of their clients who were themselves not subject to statistical collection. Thus, since 2014, banks have reported to us the securities held on behalf of resident clients belonging to a certain number of institutional sectors. However, since 2014, the statistical collection on holdings and issuances of securities has evolved significantly due to the introduction of new statistical collections with resident entities from different institutional sectors. Thus, as the BCL collects a large amount of information through direct statistical collections, the information collected through banks is no longer indispensable. Indeed, they serve at most for control purposes, but this utility is strongly reduced insofar as the direct collections have now reached a significant degree of maturity. Accordingly, with effect from 1 April 2019, the BCL will abandon the collection of information on holdings for the following institutional sectors:

• Central counterparties
• Other financial intermediaries
• Financial auxiliaries
• Captive financial institutions and non-institutional lenders
• Insurance companies
• Pension funds
  The instructions relating to the statistical report TPTBHR will be adapted and published on the BCL website.

Please accept, Madam, Sir, the assurance of our perfect consideration.
CENTRAL BANK OF LUXEMBOURG
The Management
Roland Weyland Pierre Beck Gaston Reinesch