Deutsche Bundesbank updated Version 9 of the AnaCredit validation rules manual, which will be valid from February 01, 2020. The changes in the manual are based on the adjustment of reporting requirements and the introduction of the new Feedback concept, in accordance with circular No. 39/2019 dated June 21, 2019. Bundesbank also published Version 2.1 of the technical specifications of master and credit data reports for AnaCredit data collection.
The validation rules manual contains detailed information and instructions on the reporting requirements for AnaCredit. This document supplements the guidelines for credit statistics (AnaCredit) and the AnaCredit reporting manuals. It describes all validations that are made to ensure satisfactory data quality. The technical specifications document describes the technical format for the data exchange between AnaCredit reporting agents and the Bundesbank.
AnaCredit regulation (EU Regulation No 2016/867) on the collection of granular credit and credit risk data was approved in May 2016. Analytical Credit Dataset, or AnaCredit, comprises the collection of granular credit data based on harmonized ECB statistical reporting requirements. The objective is to establish a common granular credit database shared between the Eurosystem members, comprising input data for all euro area member states. The AnaCredit data will support the ECB and central banks in performing their central banking and supervisory functions, including monetary policy analysis and operations, risk management, financial stability surveillance, statistics, macro-prudential policy, and research.
Related Links (in German)
- Handbook on Validations, Version 9 (PDF)
- Technical Specifications, Version 2.1 (PDF)
- Circular No. 39/2019, June 2019 (PDF)
- AnaCredit Webpage
Keywords: Europe, Germany, Banking, Validation Rules, Technical Specifications, AnaCredit, Reporting, Bundesbank
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.
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards
The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.
The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.
The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The Network for Greening the Financial System (NGFS) published its latest set of long-term climate macro-financial scenarios (Phase IV) for assessing forward-looking climate risks.