ECB updated the validation checks performed on AnaCredit datasets (Version 1.2) and the list of national identifiers for AnaCredit reporting. The validation checks document supplements the AnaCredit Reporting Manual by explaining the key set of validation checks that will be performed to ensure that the quality of the data is satisfactory.
The document on validation checks provides detailed information and guidance on the AnaCredit reporting requirements, but does not contain any additional requirements and is not legally binding. Regulation (EU) 2016/867 of ECB, of May 18, 2016, on the collection of granular credit and credit risk data (ECB/2016/13) (also referred to as the AnaCredit Regulation) is the only legally binding document for AnaCredit data collection. Generally, validation checks ensure that the information registered in AnaCredit complies with the AnaCredit data model. Additionally, validation checks allow the data to be identified that, while logically compliant with the AnaCredit data model, are methodologically inconsistent.
Keywords: Europe, EU, Banking, AnaCredit, Reporting, Validation Checks, National Identifiers, ECB
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.