Bundesbank updated AnaCredit reporting requirements for banks, with reference to the Notice 8001/2020. The reports are to be submitted to Bundesbank by credit institutions resident in Germany and by German branches of credit institutions that are resident abroad. The reports are to be submitted electronically, via the Bundesbank ExtraNet, in accordance with the prescribed reporting templates from Bundesbank.
In general, reporting agents are expected to submit the following data to Bundesbank (Article 6(1) in conjunction with Annex I of Regulation (EU) 2016/867):
- Counterparty reference data. This data is to be reported once only, upon the counterparty entering into a contract registered in AnaCredit, and are to be re-submitted each time there is a change to one or more records’ data attributes. If a change takes place to one or more of the data attributes, the reporting agent must report not only each of the altered data attributes but all data attributes relating to the counterparty reference dataset record.
- Static credit data. This data is to be submitted once only, upon registration of the instrument in AnaCredit or upon receipt of any protection as security, and is to be re-submitted each time there is a change to one or more data attributes. If a change takes place to one or more of the data attributes, the reporting agent must report not only each of the altered data attributes but all data attributes relating to that static credit data record in respect of Instrument data, Counterparty-instrument data, and Protection received data
- Dynamic credit data. This concerns the reporting of dynamic credit data that are to be transmitted on a monthly basis. These data include financial data, joint liabilities data, instrument-protection received data, counterparty risk data, and counterparty default data.
- Accounting data. Other data that is to be submitted on a quarterly basis include accounting data.
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Bundesbank
Previous ArticleOSFI Consults on Revisions to BCAR and Leverage Requirements Returns
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
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.
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.
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.
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.
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
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.
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.
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
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.