BCL Issues Instructions and Dates for Phase 1 of AnaCredit Reporting

By Regulatory News

July 20, 2017

The Central Bank of Luxembourg (BCL) published the reporting instructions and reporting dates for AnaCredit. AnaCredit regulation will be implemented in several phases. Phase 1 of AnaCredit reporting, which covers credits granted by credit institutions to legal entities, begins on September 01, 2018 and the first credit data submission concerns the data for September 30, 2018. BCL provides for a test phase in which registrants can transmit provisional data. This test phase is scheduled to start during the first quarter of 2018.

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. This regulation was transposed in Luxembourg via Circular 2017/240 titled “Introduction of a granular credit risk.”

Instructions for AnaCredit (PDF in English)

Reporting Dates (PDF in English)

Keywords: Europe, Luxembourg, Banking, AnaCredit, Reporting, Phase 1, BCL

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