Bank of Finland updated supporting information for AnaCredit reporting by credit institutions. The updates include Version 2.9 of AnaCredit reporting requirements, Version 1.11 of schema documents, Version 1.9 of validation checks, and Version 1.11 of the guide (or "description of electronic reporting") on AnaCredit 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.
This credit data collection and the related reporting is based on the AnaCredit Regulation of ECB (EU Regulation 2016/867). Credit data to be reported to the Bank of Finland have been supplemented with national requirements the Bank of Finland needs for the performance of its tasks. In Finland, entities subject to the obligation to report under the credit data collection are domestic credit institutions and Finnish branches of foreign credit institutions that Bank of Finland has individually informed about their reporting obligation. Bank of Finland is expected to inform credit institutions about the commencement of the reporting obligation or cessation of reporting relief at least 18 months before the start of reporting. Bank of Finland assesses the credit institutions' reporting obligations annually, on the basis of total outstanding amount of loans under the EU Regulation No 1071/2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33, as amended by Regulation ECB/2014/51). Bank of Finland receives the reported data via the Data Collection Service 2 (DCS2) operated by Posti Messaging Oy.
- AnaCredit Requirements, Version 2.9 (XLSX)
- Reporting Guide, Version 1.1 (PDF)
- Validation Checks, Version 1.9 (XLSX)
- AC XSD Schema Version 1.11 (ZIP)
- Bank of Finland AnaCredit Webpage
Keywords: Europe, Finland, Banking, Reporting, AnaCredit, Validation Checks, Schema, Credit Risk, Bank of Finland
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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