Featured Product

    ECB Amends Guideline on Procedures for AnaCredit Data Collection

    March 06, 2020

    The Guideline 2020/381 of ECB has been published in the Official Journal of European Union and it amends Guideline 2017/2335 on the procedures for the collection of granular credit and credit risk data (ECB/2020/11). Guideline 2020/381 shall take effect on the day of its notification to the national central banks of the member states whose currency is euro. The Eurosystem central banks shall comply with Guideline (EU) 2020/381 from April 01, 2020.

    The Guideline 2020/381 provides details on the obligations of national central banks to transmit credit data and counterparty reference data collected pursuant to the AnaCredit Regulation (EU 2016/867) to ECB. The details also include the responsibilities national central banks for registering counterparties in Register of Institutions and Affiliates Data or RIAD and on the procedures for the transmission of such data. The published Guideline establishes a framework for national central banks to participate, on a voluntary basis, in arrangements for the transmission and sharing of certain subsets of credit data and the related counterparty reference data, for the purpose of establishing or enhancing feedback loops with reporting agents (AnaCredit feedback loop framework).

    The purpose of the feedback loops is to support reporting agents in assessing the creditworthiness of debtors and to improve their credit risk management. The feedback loops enable reporting agents to obtain a more complete overview of the indebtedness of a debtor or prospective debtor as the information available is collected not only by the relevant national central bank but also by other national central banks. Within the current legal framework, national central banks may, on a voluntary basis, exchange and use subsets of credit data for providing reporting agents access to them via feedback loops. The European System of Central Banks has committed to updating the legal framework to further harmonize the feedback loops provided to reporting agents by national central banks. It is, therefore, necessary to establish an appropriate framework for this activity. The key amendments to Guideline 2017/2335 involve the replacement of Article 1, addition of certain points to Article 2, replacement of Paragraph (5) in Article 6, and insertion of Chapter Va on AnaCredit feedback loop framework.

    Under the AnaCredit feedback loop framework, participating national central banks shall be required to:

    • consent to receiving national central banks sharing with their resident reporting agents for feedback loop purposes, at least, the minimum dataset; and
    • implement arrangements to include at least the credit data and counterparty reference data corresponding to the data attributes in the minimum dataset concerning any instrument related to a debtor or prospective debtor in the feedback loop, which is provided to resident reporting agents

    National central banks that do not comply with these requirements shall not participate in the AnaCredit feedback loop framework.


    Related Links

    Keywords: Europe, EU, Banking, AnaCredit, Feedback Loop Framework, Reporting, Guideline 2020/381, Guideline 2017/2335, RIAD, Credit Risk, ECB

    Featured Experts
    Related Articles
    News

    EC Delegated Regulation on Specialized Lending Exposures Under CRR

    EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.

    April 14, 2021 WebPage Regulatory News
    News

    OSFI Consults on Minimum Qualifying Rate for Uninsured Mortgages

    OSFI is proposing new minimum qualifying rate for uninsured mortgages under the Guideline B-20.

    April 13, 2021 WebPage Regulatory News
    News

    OSFI Issues Letter on ICAAP Submission and Internal Audit of BCAR

    OSFI issued a letter to confirm that a formal Internal Capital Adequacy Assessment Process (ICAAP) submission is not required in 2021.

    April 12, 2021 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in April 2021

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities amounting to 115 as of the March 01, 2021 cut-off date.

    April 12, 2021 WebPage Regulatory News
    News

    ESMA Issues Notification Templates for STS Synthetic Securitizations

    ESMA published the interim simple, transparent, and standardized (STS) notification templates for synthetic securitizations, post the recent amendments to the Securitization Regulation.

    April 09, 2021 WebPage Regulatory News
    News

    EC Agrees to Prolong Scheme to Support NPL Reduction at Greek Banks

    EC has approved the prolongation of an existing Greek scheme aiming to support the reduction of nonperforming loans, or NPLs, of Greek banks on the basis that it remains free of any State aid.

    April 09, 2021 WebPage Regulatory News
    News

    EIOPA Study Examines Internal Model Market and Credit Risks Under SII

    EIOPA published a report presenting the results of its yearly study on the internal modeling of market and credit risks under the Solvency II Directive, also known as SII.

    April 09, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0

    EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.

    April 08, 2021 WebPage Regulatory News
    News

    EBA Updates Lists of Entities for Use in Capital Calculations under SA

    EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.

    April 08, 2021 WebPage Regulatory News
    News

    FED Proposes to Automate Bank Stock Adjustment Using Call Report Data

    FED published a proposal to automate non-merger-related adjustments to member banks' subscriptions to Federal Reserve Bank capital stock.

    April 08, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6835