Deutsche Bundesbank updated Version 10.0 of the AnaCredit validation rules manual, which is expected to be valid from August 01, 2020. Also updated was Version 9.0 of the validation rules manual, which will be valid from February 01, 2020. The manuals on validation rules supplement the guidelines for AnaCredit and the AnaCredit reporting manuals. The manuals describe all validations that are made to ensure satisfactory data quality.
The changes in Version 10.0 of the manual relate to standardization of the terms "reporting obligation" and "Reporting" to "Reporting," according to the guidelines published on the Bundesbank-AnaCredit website. Other key changes include additional clarifications for certain validation rules, adjustment in the definition of international organizations (chapter 4.2), and additions to chapters 2.5 on feedback types, chapter 2.6 on rejection of data, and the descriptions of the individual rules. Changes to Version 9.0 of the manual are based on the adjustment of the reporting requirements and the introduction of the new feedback concept in accordance with Circular No. 39/2019 of June 21, 2019.
AnaCredit regulation (EU Regulation No 2016/867) on the collection of granular credit and credit risk data was approved in May 2016. Analytical Credit Dataset, or AnaCredit, comprises the collection of granular credit data based on harmonized ECB statistical reporting requirements. The objective is to establish a common granular credit database shared between the Eurosystem members, comprising input data for all euro area member states. The AnaCredit data will support the ECB and central banks in performing their central banking and supervisory functions, including monetary policy analysis and operations, risk management, financial stability surveillance, statistics, macro-prudential policy, and research.
Related Links (in German)
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Validation Rules, Bundesbank
The European Commission (EC) published a report summarizing responses to the targeted consultation on the supervisory convergence and the single rulebook in the European Union (EU).
The Office of the Superintendent of Financial Institutions (OSFI) published an update on the discussion paper that intended to engage federally regulated financial institutions and other interested stakeholders in a dialog with OSFI, to proactively enhance and align assurance expectations over key regulatory returns.
The European Central Bank (ECB) published its opinion on a proposal for a regulation on European green bonds, following a request from the European Parliament.
The Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) published a report that explores the expected impact of digitalization on provision of financial and banking services, and proposes policy measures to address the risks stemming from digitalization.
The European Banking Authority (EBA) announced that the guidelines on the reporting and disclosure of exposures subject to measures COVID-relief measures shall continue to apply until further notice.
The Swedish Financial Supervisory Authority (FI) announced that the capital adequacy reporting as at December 31, 2021 must be done by February 11, 2022.
The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.
The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.
The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).
The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0.