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    BaFin Consultation on Amending Large Exposures Regulation

    June 13, 2017

    BaFin is consulting on the draft regulation amending the large exposures regulation. It provides that groups of institutions with central risk management with regard to large loans should be given the same scope for risk positions against other group companies as groups with central liquidity control.

    This is necessary for reasons of neutrality, because from the large exposures perspective, it makes no difference whether the risk of counterparty default arises from liquidity transfers within the group or from a counterparty default risk against group-related companies. BaFin wants to limit the reporting system for million-dollar loans to its original banking supervisory core. To this end, it waives new reporting formats with comprehensive reporting requirements, which should enter into force on January 01, 2019. Instead, the currently valid reporting formats for the data amount should remain and be supplemented. This is relevant for the Analytical Credit Dataset (AnaCredit) project, the planned credit reporting system of ECB. With the exception of the banking supervisory requirements, this will cover the data for all further user requirements—that is, for financial stability, monetary policy, and risk management.

    Related Link (in German): Notification 

    Keywords: Europe, Germany, BaFin, Banking, AnaCredit, Credit Risk, Large Exposures

     


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