Bank of Finland updated supporting information for AnaCredit reporting by credit institutions. The updates include Version 2.9 of AnaCredit reporting requirements, Version 1.11 of schema documents, Version 1.9 of validation checks, and Version 1.11 of the guide (or "description of electronic reporting") on AnaCredit data collection. The document on AnaCredit requirements describes requirements of the Bank of Finland for the data to be collected, in accordance with the AnaCredit Regulation of ECB.
This credit data collection and the related reporting is based on the AnaCredit Regulation of ECB (EU Regulation 2016/867). Credit data to be reported to the Bank of Finland have been supplemented with national requirements the Bank of Finland needs for the performance of its tasks. In Finland, entities subject to the obligation to report under the credit data collection are domestic credit institutions and Finnish branches of foreign credit institutions that Bank of Finland has individually informed about their reporting obligation. Bank of Finland is expected to inform credit institutions about the commencement of the reporting obligation or cessation of reporting relief at least 18 months before the start of reporting. Bank of Finland assesses the credit institutions' reporting obligations annually, on the basis of total outstanding amount of loans under the EU Regulation No 1071/2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33, as amended by Regulation ECB/2014/51). Bank of Finland receives the reported data via the Data Collection Service 2 (DCS2) operated by Posti Messaging Oy.
- AnaCredit Requirements, Version 2.9 (XLSX)
- Reporting Guide, Version 1.1 (PDF)
- Validation Checks, Version 1.9 (XLSX)
- AC XSD Schema Version 1.11 (ZIP)
- Bank of Finland AnaCredit Webpage
Keywords: Europe, Finland, Banking, Reporting, AnaCredit, Validation Checks, Schema, Credit Risk, Bank of Finland
Previous ArticleBaFin Plans to Expand Internal Resolution Teams Bail-In Guidance
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).
EBA updated the list of other systemically important institutions (O-SIIs) in EU.
BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.
UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.
PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.
MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.
EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.
OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.
ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.