ECB Updates Q&A on AnaCredit Regulation in January 2020
ECB added 23 questions and answers (Q&A) on AnaCredit Regulation. The Q&A offer general clarifications, in addition to addressing key topics such as AnaCredit validation checks, protection items in AnaCredit, instruments in the scope of AnaCredit, extended quarter-end reporting, and LEI and national identifiers. The update also answers queries in relation to written-off loans, accounting classification of instruments, structured products and repurchase agreements, securitized loans, credit cross-limit structures and multi-debtor/product structures, accumulated changes in fair value due to credit risk, counterparty reference data, special categories of counterparties, leasing products, and nonperforming or defaulted or impaired instruments.
The Q&A form part of the AnaCredit Reporting Manual and they extend and complement the clarifications provided in the manual. The AnaCredit reporting manual has three parts covering general methodology, datasets and data attributes, and case studies. The annexes provide additional information relevant for reporting agents, such as lists of country-specific national identifiers and legal forms, in addition to the examples of complete data reports concerning stylized instruments. ECB had, in May 2016, approved the AnaCredit regulation (EU Regulation 2016/867), which involves collection of granular credit and credit risk data based on the harmonized ECB statistical reporting requirements.
Related Links
Keywords: Europe, EU, Banking, Q&A, AnaCredit, Reporting, ECB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
EBA Launches the 2020 Stress Test for Banks in EURelated Articles
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
FSB Reports Assess NBFI Sector and Progress on LIBOR Transition
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.
