Bank of Finland Updates Instructions for AnaCredit Reporting
Bank of Finland updated instructions for AnaCredit reporting. The instructions cover special national data requirements and a general description of reporting from a technical perspective. The AnaCredit webpage of the central bank also presents a reporting calendar that specifies the reporting deadlines for monthly and quarterly data collections for 2021.
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 annually assesses reporting obligations of credit institutions, on the basis of total outstanding loan amounts 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).
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Keywords: Europe, EU, Banking, AnaCredit, Reporting, Instructions, Bank of Finland
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