What is the banks Integrated Reporting Dictionary (bird)?

The Banks’ Integrated Reporting Dictionary (BIRD) is a collaborative project between central banks of the European System of Central Banks and commercial banks. The aim of the dictionary is to support reporting agents in preparing datasets for transmission under the respective reporting frameworks to which they are subject.

What is a bird process?

The BIRD represents an “input approach” as it is not limited to the regulatory reporting requirements (i.e., the output) and it also covers the data stored in banks’ internal IT systems (i.e., the input). The BIRD process offers two input components. The Logical Data Model (LDM) is a highly normalised data model.

What is a currency board?

The currency board refers to a monetary authority that supplies domestic currency and, at the same time, maintains a fixed exchange rate with a foreign currency. Also, the domestic or base currency is fully backed by the forex reserves. It is an option for countries preferring pegged exchange regimes.

What is the name of a country's currency?

The name of a country's currency varies from nation to nation with the dollar being one of the most commonly used names with more than twenty states using the name. The name that a country chooses for its currency is usually tied to its history and may be selected from the currency of its colonial master if it was colonized.