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    BCL Updates Phase 2 Testing Timeline for AnaCredit Reporting

    May 04, 2018

    BCL updated instructions, validation rules, and list of agents for AnaCredit reporting. The second test phase will now run from June 01, 2018 to July 31, 2018 and will only concern credit data. Earlier, the second phase was slated to start from May 2018. Out of the two planned test phases, the first phase ran from February 15, 2018 to March 15, 2018 and only concerned reference data.

    AnaCredit regulation (EU Regulation No 2016/867) on the collection of granular credit and credit risk data was approved in May 2016. Analytical Credit Dataset, or AnaCredit, comprises the collection of granular credit data based on harmonized ECB statistical reporting requirements. The objective is to establish a common granular credit database shared between the Eurosystem members, comprising input data for all euro area member states. The AnaCredit data will support ECB and central banks in performing their central banking and supervisory functions, including monetary policy analysis and operations, risk management, financial stability surveillance, statistics, macro-prudential policy, and research. This regulation was transposed in Luxembourg via Circular 2017/240 titled “Introduction of a granular credit risk.”

     

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    Keywords: Europe, Luxembourg, Banking, AnaCredit, Reporting, Instructions, Validation Rules, Reporting Agents, BCL

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