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
Previous ArticleBoE Survey Examines Trends in Credit Conditions of Banks
HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.
PRA published the consultation paper CP17/20 to propose changes to certain rules, supervisory statements, and statements of policy to implement elements of the Capital Requirements Directive (CRD5).
US Agencies adopted a final rule that applies to advanced approaches banking organizations and aims to reduce interconnectedness in the financial system as well as to reduce contagion risks associated with the failure of a global systemically important bank (G-SIB).
US Agencies (FDIC, FED, and OCC) adopted a final rule that implements the net stable funding ratio (NSFR) for certain large banking organizations.
FSB finalized the toolkit of effective practices to assist financial institutions in their cyber incident response and recovery activities.
ECB published eleventh issue of the Macroprudential Bulletin, which provides insight into the ongoing work of ECB in the field of macro-prudential policy.
HM Treasury issued a call for evidence seeking views to reform the prudential regulatory regime—also known as Solvency II—of the insurance sector in UK.
ESRB responded to the EC consultation on review of Solvency II regime.
HM Treasury launched a consultation on Phase II of the Future Regulatory Framework Review, with the comment period ending on January 19, 2021.
EC adopted the work program for 2021.