Deutsche Bundesbank published Circular 56/2020 announcing the publication of Version 11 of the AnaCredit validation rules manual, which will be valid from February 01, 2021. Changes have been made with respect to completeness, consistency, and plausibility checks and are highlighted in yellow. One of the key changes involves adjustment for fully written-off instruments from the reporting date of January 31, 2021, owing to the requirements of the new EBA guidelines for the application of the definition of default.
Due to the new EBA guidelines for the application of the definition of default in accordance with Article 178 of the Capital Requirements Regulation, additional information on the default status and the probability of default must be reported. The manual for AnaCredit validation rules supplements the guidelines on AnaCredit data and reporting manuals. It describes all validations that must be performed to ensure satisfactory data quality. In addition to the validations, plausibility checks are performed to reveal outlier values. Circular 56/2020 also announces a delay in the introduction of the check for outliers. In an earlier Circular No. 44/2020, Bundesbank had detailed the specifications and timeframe for application of the validity of plausibility checks for "outliers" related to AnaCredit reporting. However, due to delays in making this feature available in its system, Bundesbank cannot ensure the intended schedule and Bundesbank will inform, as soon as it can, when the outlier feedback can be started.
Related Links (in German)
- Circular 56/2020 (PDF)
- Validation Rules Manual, Version 11 (PDF)
- Circular No. 44/2020 (PDF)
- AnaCredit Updates
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Validation Rules, Outliers, CRR, Plausibility Checks, Definition of Default, EBA, Bundesbank
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