November 29, 2017

ECB published a guideline (ECB/2017/38) on the procedures for collection of granular credit and credit risk data, pursuant to the AnaCredit Regulation (EU Regulation 2016/867). This guideline shall take effect on the day of its notification to the national central banks (NCBs) of the member states whose currency is the euro.

The guideline provides details on the obligations of NCBs to transmit (to ECB) the collected credit data and counterparty reference data, along with details on the procedures for the transmission of such data. The guideline also covers responsibilities of NCBs for registering counterparties in Register of Institutions and Affiliates Database (RIAD). The guideline provides that NCBs shall compile and report to the ECB credit data and counterparty reference data in accordance with the schemes laid down in Annexes I to IV to the EU Regulation 2016/867, subject to the NCBs’ rights to grant derogations, or to allow a reduced reporting frequency in accordance with Article 16 of that Regulation.

The AnaCredit Regulation provides that reporting agents resident in a reporting member state must report credit data and counterparty reference data to the NCB of that member state. NCBs of the reporting member states are required to transmit these data to ECB and, therefore, it is necessary to define the procedures for such transmissions in accordance with the requirements under EU Regulation 2016/867. It is also necessary to establish a procedure for making technical amendments to the annexes to this guideline in an effective manner, provided they neither change the underlying conceptual framework nor affect the reporting burden.


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Keywords: Europe, EU, Banking, AnaCredit, RIAD, ECB/2017/38, Reporting, ECB

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