ECB Publishes Version 1.6 of Validation Rules for AnaCredit Reporting
ECB published Version 1.6 of the validation checks for AnaCredit reporting, to supplement the AnaCredit Reporting Manual. In this version, validation checks related to the completeness of credit data were amended, post the publication of an additional AnaCredit question and answer. With the aim to ensure data consistency, two consistency checks were split to facilitate an exception while a small number of other consistency checks were amended.
The updates also incorporate adjustments resulting from the reporting manual amendments with respect to the reporting of special funds. In Part II of the reporting manual, special funds are defined as unincorporated investment funds comprising investment portfolios owned by a group of participants and whose management is undertaken by other financial corporations. Under AnaCredit, special funds and their managing financial corporations are deemed to have a similar relationship to each other as foreign branches and head office undertakings. In contrast to foreign branches, however, there can be multiple special funds under one managing financial corporation that are resident in the same country. Special funds are therefore reported to AnaCredit in a similar manner to the reporting of foreign branches, where it is recommended that the managing financial corporation of a special fund be identified as the head office undertaking.
The published validation checks are a minimum set of self-contained rules, which the data under AnaCredit reporting must satisfy to comply with the stipulated completeness and consistency requirements. In addition to being consistent with the AnaCredit model and the AnaCredit Regulation, validation checks also take into account the general methodology set out in the AnaCredit Manual.
Related Links
Keywords: Europe, EU, Banking, AnaCredit, Reporting, Reporting Manual, Validation Rules, ECB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Related Articles
EBA Publishes Final Regulatory Standards on STS Securitizations
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
ECB Further Reviews Costs and Benefits Associated with IReF
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
EBA Publishes Funding Plans Report, Receives EMAS Certification
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
IOSCO Welcomes Work on Sustainability-Related Corporate Reporting
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
BoE Allows One-Day Delay in Statistical Data Submissions by Banks
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
ACPR Amends Reporting Module Timelines Under EBA Framework 3.2
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
APRA to Modernize Prudential Architecture, Reduces Liquidity Facility
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.
