Bundesbank Updates Requirements for AnaCredit Reporting
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
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
BoE Survey Examines Trends in Credit Conditions of BanksRelated Articles
BIS Surveys Centrals Banks on Issuance of Digital Currencies
BIS published a report that presents the results of a survey among more than 60 central banks in late 2020 about their engagement in central bank digital currency (CBDC) work, their motivations, and their intentions regarding CBDC issuance.
OSFI Outlines Capital Treatment for COVID-19 Loan Guarantee Program
OSFI issued a letter to federally regulated deposit-taking institutions on the capital treatment of new loans to businesses through the Highly Affected Sectors Credit Availability Program (HASCAP).
BCBS Proposes to Amend Rules on Minimum Haircut Floors for SFTs
BCBS is consulting on two technical amendments to the rules on minimum haircut floors for securities financing transactions, or SFTs.
EC Consults on Crisis Management and Deposit Insurance Framework
EC launched a targeted consultation on the review of crisis management and deposit insurance framework in EU.
EIOPA Sets Out Principles for Liquidity Stress Test for Insurers
EIOPA published a paper that sets out the methodological principles of insurance stress testing with a focus on the liquidity component.
BIS Launches Euro Green Bond Fund for Central Banks
BIS launched a EUR-denominated, open-ended fund for green bond investments by central banks and official institutions, following the launch of the first BIS green bond fund denominated in USD in September 2019.
EBA Announces Stress Test Timeline; ECB Sets Up Climate Change Center
EBA announced that it will launch the 2021 EU-wide stress test exercise, with the publication of the macroeconomic scenarios on January 29, 2021.
BoE Discontinues Form CX on Capital Expenditure and Finance Leasing
BoE announced that the reporting entities are no longer required to report Form CX after the fourth quarter of 2020 reference period, with the last collection on January 29, 2021.
PRA Updates Q&A on Branch Return, Announces End Date of COVID Facility
PRA published Version 3 of the questions and answers (Q&A) on the Branch Return form, with this version superseding the version published in October 2020.
IAIS Consults on Application Paper on Supervision of Control Functions
IAIS is consulting on a draft application paper on the supervision of control functions.
