Bank of Italy announced the timelines for monthly (T1M and T2M) and quarterly (T2Q) submissions of data under AnaCredit reporting. The communication also addresses the validity of the exemption from quarterly reporting that the Bank of Italy granted to certain intermediaries, by exercising a discretion pursuant to Article 16 (2) of the AnaCredit Regulation. Intermediaries that were, by virtue of this derogation, till now required to report quarterly, instead of monthly, will going forward send the information referred to in the monthly T1M and T2M surveys in relation to all accounting dates.
Additionally, based on the announced timelines, the following information has been provided for data with quarterly frequency:
- May 20 for the accounting date of March 31
- August 19 for the accounting date of June 30
- November 19 for the accounting date of September 30
- February 19 for the accounting date of December 31
ECB had approved the AnaCredit regulation (2016/13) on the collection of granular credit and credit risk data in May 2016. Based on this Regulation, since September 2018, national central banks in the euro area collect harmonized and granular data from resident credit institutions and their foreign branches concerning loans and collateral or guarantees extended to counterparties identified as legal entities. In Italy, the collection of granular credit data is regulated by Circular No. 297 of the Bank of Italy, which:
- Regulates the new harmonized credit survey envisaged by the AnaCredit Regulation
- Transposes and completes the indications contained in the related AnaCredit Manual
- Transposes the indications provided to the banks with the previous Notices already issued by the Bank of Italy in 2016
- Simplifies the regulatory sources governing the collection of granular information on interest rates applied by banks, through the repeal of Circular no. 251 of July 17, 2003 "Analytical detection of interest rates. Instructions for reporting banks."
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Keywords: Europe, Italy, Banking, AnaCredit, Reporting, Reporting Timelines, Bank of Italy
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