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    ECB Amends Guideline on Register of Institutions and Affiliates Data

    August 08, 2019

    Guideline (EU) 2019/1335 of ECB, which has been published in the Official Journal of European Union, amends Guideline (EU) 2018/876 on the Register of Institutions and Affiliates Data, or RIAD (ECB/2019/17). Guideline (EU) 2019/1335 shall take effect on the day of its notification to the national central banks of member states whose currency is the euro. The national central banks of the member states whose currency is the euro shall comply with this guideline from October 02, 2019.

    ECB maintains the Register of Institutions and Affiliates Data (RIAD), which is a shared dataset for the European System of Central Banks (ESCB) of reference data on legal and other statistical institutional units. RIAD should contain data necessary for some changes in benchmarks in money markets to better support business processes across the Eurosystem and the performance of the tasks of the ESCB. In this context, RIAD should contain up-to-date relevant data for the determination of the euro short-term rate in accordance with Article 8(5) of Guideline (EU) 2019/1265 of ECB (ECB/2019/19). Therefore, it is necessary to amend Article 22 of Guideline (EU) 2018/876. 

    To facilitate the identification of counterparties in the common granular analytical credit database (AnaCredit) by the reporting agents in accordance with AnaCredit Regulation (EU 2016/867) and Guideline (EU) 2017/2335, an additional attribute value for the confidentiality status of data recorded in RIAD needs to be included in the RIAD data exchange model. Therefore, it is necessary to amend Article 10 of Guideline (EU) 2018/876 to provide for this. The collection and reporting of statistical information on pension funds is necessary to support ECB in carrying out monetary and financial analysis and for the contribution of ESCB to the stability of the financial system. Consequently, pension funds should be recorded in RIAD. It is, therefore, necessary to update Chapter VI of Guideline (EU) 2018/876 in relation to the specific provisions on the recording of reference data for the publication of the list of pension funds. Overall, the key changes to Guideline (EU) 2018/876 include the following:

    • In Article 1, paragraph 2 has been replaced.
    • New points have been added in Article 2.
    • In Article 10; paragraphs 1, 2, 3, 4, and 6 have been replaced.
    • Articles 19 and 22 have been replaced.
    • Annex I and II Guideline (EU) 2018/876 have been replaced by Annex I and II to Guideline (EU) 2019/1335. The amendments to Annex I and II are necessary to reflect the new provisions on the euro short-term rate and pension funds.

     

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    Keywords: Europe, EU, Banking, Pension Funds, RIAD, AnaCredit, €STR, Reporting, Guideline 2019/1335, Guideline 2018/37, ECB

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