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 ArticleEU Council Adopts Legislative Reforms Under Capital Markets Union
The Bank for International Settlements (BIS) published a paper that studies impact of fintech lending on credit access for small businesses in U.S.
The Prudential Regulation Authority (PRA) issued the policy statement PS8/22 to amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and update the supervisory statement SS7/13 titled "Definition of capital (CRR firms).
The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.
The Single Resolution Board (SRB) welcomed the adoption of the review of the Capital Requirements Regulation, or CRR, also known as the "CRR quick-fix."
The European Commission (EC) recently adopted the Delegated Regulation 2022/1622, which sets out the regulatory technical standards to specify the countries that constitute advanced economies for the purpose of specifying risk-weights for the sensitivities to equity.
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
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.
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).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
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.