ECB published Version 1.1 of the AnaCredit validation checks. This document supplements the AnaCredit reporting manual by explaining the main set of validation checks that will be performed to ensure that the quality of data is satisfactory. The document provides detailed information and guidance on AnaCredit reporting requirements, but does not contain any additional requirements and is not legally binding.
Validation checks ensure that the information registered in AnaCredit complies with the AnaCredit data model. These checks also allow the methodologically inconsistent data (although the data might be logically compliant with the AnaCredit data model) to be identified. The published validation checks are a minimum set of self-contained rules, which the data reported to AnaCredit must satisfy to ensure that the information is complete and consistent, in accordance with the principles of the AnaCredit data model. Besides being consistent with the AnaCredit model and the AnaCredit Regulation, validation checks take into account the general methodology of the AnaCredit Manual.
Keywords: Europe, EU, Banking, AnaCredit, Validation Checks, ECB
Previous ArticleUS Agencies Issue Statement on Sharing of Bank Secrecy Act Resources
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.