BCL Updates Documentation for AnaCredit Reporting
BCL updated the instructions, list of reporting agents, validation rules (version 1.5.1), and Statistical Data and Metadata eXchange (SDMX) diagrams (version 1.0.4) for AnaCredit reporting. Version 1.5.1 of the validation rules are applicable immediately, since no new rules have been added and the changes relate to existing rules. SDMX version 1.0.4 encompasses updated technical specifications, structure of cubes, facets, and subdomains. Version 1.0.4 of the SDMX diagrams will be applicable and mandatory from the reference date of September 30, 2020. Therefore, from October 01, 2020, all submissions and re-submissions must be reported according to version 1.0.4. Re-submissions should always be submitted using the latest version of the SDMX schema in effect, not the version of the SDMX schema that were valid on the re-submission reference date.
The document on technical specifications describes the technical format for the collection of the AnaCredit reporting at BCL. It is based on the Data Exchange Format document provided by ECB to the national central banks for the secondary reporting. The technical format is based on the Single Multidimensional Metadata Model (SMCube) methodology and on the format used by ECB based on SDMX-ML (part of the SDMX 2.1 technical standard). Version 2.4.2 of the reporting instructions contains changes that cover data flow schema update, clarification regarding the types of quality reports, DQI sub-chapter, and clarification regarding international organizations.
Related Links (in French)
Keywords: Europe, Luxembourg, Banking, AnaCredit, Validation Rules, Instructions, SDMX, SM Cube, Statistical Reporting, BCL
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
ESAs to Discuss Proposed ESG Disclosure Standards with StakeholdersRelated Articles
EBA Finalizes Remuneration Standards for Investment Firms in EU
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
ECA Recommends Actions to Enhance Resolution Planning for Banks
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA Proposes Rules on Identity Verification of Depositor Protection
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB Publishes Work Program for 2021
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA Issues Update on Move to New Data Collection Platform
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank Publishes Derivation Rules for Reporting by Banks
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED Revises Capital Planning and Stress Testing Requirements for Banks
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs Publish Reporting Templates for Financial Conglomerates
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
