Bank of Finland published Version 2.8 of AnaCredit reporting requirements, Version 1.10 of schema documents, and the updated description of electronic reporting for credit data collection. Version 2.8 of the AnaCredit reporting requirements covers updated code lists and the addition of some legal forms. Bank of Finland also published version 1.7 of the validation checks for credit data collection.
The document on AnaCredit requirements describes requirements of the Bank of Finland for the data to be collected, in accordance with the AnaCredit Regulation of ECB. In the updated reporting guide "Description of electronic reporting," the requirements are presented the way the Bank of Finland collects them. The changes in this version are based on schema version 1.10. This document applies to the production and submission of AnaCredit data to the Bank of Finland as of March 31, 2018 (counterparty data) and as of September 31, 2018 (credit data). Bank of Finland receives the reported data via the Data Collection Service 2 (DCS2) operated by Posti Messaging Oy. Bank of Finland assesses the credit institutions' reporting obligations annually, on the basis of total outstanding amount of loans under Regulation (EU) No 1071/2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33, as amended by Regulation ECB/2014/51).
Validation rules are divided by the type of validation to three different parts—completeness, referential integrity, and consistency validation rules. In addition the rules are divided to two parts based on the datasets the validation rules are referring to—counterparty reference records and credit-related records. The updated document on validation checks includes addition and removal of certain national identifiers. The update also includes RegEx specification, reporting format description, and macro class/category adjusted for national identifiers.
- AnaCredit Requirements, Version 2.8 (XLSX)
- Credit Data Collection, Version 1.10 (PDF)
- Validation Checks, Version 1.7 (XLSX)
- Bank of Finland AnaCredit Webpage
Keywords: Europe, Finland, Banking, AnaCredit, Reporting, Validation Checks, Credit Risk, Schemas, Bank of Finland
Previous ArticleDNB Consults on Integration of Climate Risk Considerations for Banks
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.
FFIEC, on behalf of its members that include US Agencies such as CFPB, FDIC, FED, NCUA, and OCC, issued a joint statement that sets out prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers.
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).