Bundesbank Circular Sets Out Changes Related to AnaCredit Reporting
Deutsche Bundesbank published Circular 56/2020 announcing the publication of Version 11 of the AnaCredit validation rules manual, which will be valid from February 01, 2021. Changes have been made with respect to completeness, consistency, and plausibility checks and are highlighted in yellow. One of the key changes involves adjustment for fully written-off instruments from the reporting date of January 31, 2021, owing to the requirements of the new EBA guidelines for the application of the definition of default.
Due to the new EBA guidelines for the application of the definition of default in accordance with Article 178 of the Capital Requirements Regulation, additional information on the default status and the probability of default must be reported. The manual for AnaCredit validation rules supplements the guidelines on AnaCredit data and reporting manuals. It describes all validations that must be performed to ensure satisfactory data quality. In addition to the validations, plausibility checks are performed to reveal outlier values. Circular 56/2020 also announces a delay in the introduction of the check for outliers. In an earlier Circular No. 44/2020, Bundesbank had detailed the specifications and timeframe for application of the validity of plausibility checks for "outliers" related to AnaCredit reporting. However, due to delays in making this feature available in its system, Bundesbank cannot ensure the intended schedule and Bundesbank will inform, as soon as it can, when the outlier feedback can be started.
Related Links (in German)
- Circular 56/2020 (PDF)
- Validation Rules Manual, Version 11 (PDF)
- Circular No. 44/2020 (PDF)
- AnaCredit Updates
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Validation Rules, Outliers, CRR, Plausibility Checks, Definition of Default, EBA, Bundesbank
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
RBNZ Extends Timeline for Concessionary Treatment of Loan DeferralsRelated Articles
EBA Proposes Guidelines for Establishing Intermediate Parent Entities
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC Adopts Financial Reporting Changes Arising from Benchmark Reforms
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HMT Updates List of Post-Brexit Equivalence Decisions in UK
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA Issues Erratum for Technical Package on Reporting Framework 3.0
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA Publishes Risk Dashboard for Third Quarter of 2020
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Finalizes Guide on Supervisory Approach to Bank Consolidation
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.