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    Bundesbank Updates Requirements for AnaCredit Reporting

    July 16, 2020

    Bundesbank published Circular No. 45/2020, which addresses the future handling of contract partner identification (Change Cube) in the AnaCredit report to Bundesbank. The Change Cube for reporting a change in the contract partner identification may no longer be used and will be removed as part of the next adjustment to the technical specification. This adjustment will be done as part of the usual update cycle—that is, with an implementation period of six or more months. Another Bundesbank update on AnaCredit reporting is the publication of Circular No. 44/2020 on the validity of plausibility checks for "outliers" related to AnaCredit reporting.

    The new outlier rules for reporting files, which were specified in the May 2020 circular and are to be submitted via the ExtraNet of the Deutsche Bundesbank, will be valid from August 01, 2020. The first relevant reporting date is July 31, 2020. In Circular 44/2020, Bundesbank pointed out that, in accordance with the “Minimum standards for accuracy” listed in Annex V of the AnaCredit Regulation, all reporting agents are responsible for providing correct reports. Therefore, Bundesbank reserves the right to separately address any irregularities as part of plausibility checks for reporting deadlines before July 31, 2020. In this respect, incorrect data must be corrected for reporting deadlines before July 31, 2020, if necessary.

     

    Related Links (in German)

    Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Outliers, Plausibility Checks, Change Cube, Bundesbank

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