Bank of Italy published guidance on the reporting of COVID-related loan guarantees and loan moratoria as part of the AnaCredit regulation. The loan guarantees and moratoria, in reference to the accounting date of June 2020, to ease the impact of COVID-19 pandemic are being subject to AnaCredit reporting. The guidance states that, in consideration of the short notice period, the reporting of this new information is required on a best effort basis. Bank of Italy also published related updates to the coding system and technical operating methods for AnaCredit reporting, as governed by Circular No. 297/2017. The changes to the technical specifications document have been highlighted in gray.
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Keywords: Europe, Banking, Italy, AnaCredit, Reporting, COVID-19, Credit Risk, Loan Guarantee, Loan Moratorium, Bank of Italy
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