Banks’ Integrated Reporting Dictionary (BIRD)

The Banks’ Integrated Reporting Dictionary (BIRD) is a voluntary collaborative initiative bringing together central banks of the European System of Central Banks (ESCB) and commercial banks. BIRD – which can be accessed free of charge – helps banks to generate statistical, supervisory and resolution-related reporting output that complies with the reporting requirements set out in European legislation. BIRD is an integrated dictionary with redundancy-free content: the concepts underlying reporting obligations are all identified and described once, helping banks to decide which data to extract from their internal systems and how to process them.

One of BIRD’s first deliverables will involve helping banks to comply with the Integrated Reporting Framework (IReF) – a new data collection framework that will apply consistently across all euro area countries. Reporting agents will be able to use BIRD for IReF reporting, as well as other reporting obligations. BIRD will help to reduce banks’ reporting burden and improve the quality of the data reported to the various authorities.