ECB updated the AnaCredit validation checks (Version 1.4) and the list of national identifiers (version 2.4) for AnaCredit reporting. The validation checks document supplements the AnaCredit reporting manual by explaining the main set of validation checks that will be performed to ensure that the quality of data is satisfactory.
The updated version of validation checks include syntax improvements for six consistency checks and one completeness check, removal of five consistency validation checks, and the incorporation of nine revised consistency checks. In the list of national identifiers, ECB amended the reporting format of identifiers—LT_INV_CD and LV_FON_CD (including description). Additionally, the reporting format description of identifier IT_CCIAA_CD has been further clarified.
Validation checks ensure that the information registered in AnaCredit complies with the AnaCredit data model. These checks also allow the methodologically inconsistent data (although the data might be logically compliant with the AnaCredit data model) to be identified. The published validation checks are a minimum set of self-contained rules, which the data reported to AnaCredit must satisfy to ensure that the information is complete and consistent, in accordance with the principles of the AnaCredit data model.
- AnaCredit Validation Checks, Version 1.4 (PDF)
- List of National Identifiers (XLSX)
- AnaCredit Webpage
Keywords: Europe, EU, Banking, AnaCredit, Reporting, Validation Checks, National Identifiers, ECB
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.
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