Bundesbank updated AnaCredit reporting requirements for banks, with reference to the Notice 8001/2020. The reports are to be submitted to Bundesbank by credit institutions resident in Germany and by German branches of credit institutions that are resident abroad. The reports are to be submitted electronically, via the Bundesbank ExtraNet, in accordance with the prescribed reporting templates from Bundesbank.
In general, reporting agents are expected to submit the following data to Bundesbank (Article 6(1) in conjunction with Annex I of Regulation (EU) 2016/867):
- Counterparty reference data. This data is to be reported once only, upon the counterparty entering into a contract registered in AnaCredit, and are to be re-submitted each time there is a change to one or more records’ data attributes. If a change takes place to one or more of the data attributes, the reporting agent must report not only each of the altered data attributes but all data attributes relating to the counterparty reference dataset record.
- Static credit data. This data is to be submitted once only, upon registration of the instrument in AnaCredit or upon receipt of any protection as security, and is to be re-submitted each time there is a change to one or more data attributes. If a change takes place to one or more of the data attributes, the reporting agent must report not only each of the altered data attributes but all data attributes relating to that static credit data record in respect of Instrument data, Counterparty-instrument data, and Protection received data
- Dynamic credit data. This concerns the reporting of dynamic credit data that are to be transmitted on a monthly basis. These data include financial data, joint liabilities data, instrument-protection received data, counterparty risk data, and counterparty default data.
- Accounting data. Other data that is to be submitted on a quarterly basis include accounting data.
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Bundesbank
Previous ArticleOSFI Consults on Revisions to BCAR and Leverage Requirements Returns
In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.
The European Banking Authority (EBA) published answers to 29 questions in the Single Rulebook Question and Answer (Q&A) tool in September.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.
The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards