Bundesbank Publishes Validation Rules Manual for AnaCredit Reporting
Deutsche Bundesbank published Version 10.1 of the manual on validation rules for AnaCredit reporting. Changes have been made with respect to the completeness, consistency, and plausibility criteria. Also published was Version 1.0 of the document on value limits for recognizing outliers under the AnaCredit data collection. This information on value limits applies in addition to the Chapter 5.1 on limit values for detecting outliers in Version 10 of the manual for AnaCredit validation rules. Both the documents will be valid from August 01, 2020.
The manual for AnaCredit validation rules supplements the guidelines on AnaCredit data and reporting manuals. It describes all validations that must be carried out to ensure satisfactory data quality. In addition to the validations, plausibility checks are carried out to reveal outlier values. While the manual for AnaCredit validation rules explains the methodology of the rules and is subject to a publication cycle of up to six months, the value limits in the Excel document can change dynamically. When the value limits change, the reporting agents are informed via an AnaCredit newsletter, as is the case when the manual for the AnaCredit validation rules is published. There are five different data types, the value of which is checked against a threshold value within an outlier rule. These include Date, Rate, NUMBER, REFDATE_YEAR_OFFSET, and REFDATE_DAY_OFFSET. The data types Date, Rate, and NUMBER each use the reported attribute value and hold it against the defined threshold. The threshold values for the data types REFDATE_YEAR_OFFSET and REFDATE_DAY_OFFSET each represent the number of years or days that must elapse after a reporting deadline, before an alert is generated.
Related Links (in German)
- Circular (PDF)
- Validation Rules Manual, Version 10.1 (PDF)
- Value Limits for Outlier Rules, Version 1.0 (XLSX)
- AnaCredit Updates
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Value Limits for Recognizing Outliers, Validation Rules, Bundesbank
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
CBUAE Announces Relief Measures to Address Impact of COVID-19Related Articles
EBA Updates List of Validation Rules for Reporting by Banks
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS Advocates Environmental Risk Analysis for Financial Sector
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS Issues Guidelines to Promote Senior Management Accountability
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB Updates List of Supervised Entities in EU in September 2020
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management
OSFI published the key findings of a study on third-party risk management.
FSB Extends Implementation Timeline for Framework on SFTs
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.
