Bundesbank Publishes Validation Rules Manual for AnaCredit Reporting
Deutsche Bundesbank published Version 10.1 of the manual on validation rules for AnaCredit reporting. Changes have been made with respect to the completeness, consistency, and plausibility criteria. Also published was Version 1.0 of the document on value limits for recognizing outliers under the AnaCredit data collection. This information on value limits applies in addition to the Chapter 5.1 on limit values for detecting outliers in Version 10 of the manual for AnaCredit validation rules. Both the documents will be valid from August 01, 2020.
The manual for AnaCredit validation rules supplements the guidelines on AnaCredit data and reporting manuals. It describes all validations that must be carried out to ensure satisfactory data quality. In addition to the validations, plausibility checks are carried out to reveal outlier values. While the manual for AnaCredit validation rules explains the methodology of the rules and is subject to a publication cycle of up to six months, the value limits in the Excel document can change dynamically. When the value limits change, the reporting agents are informed via an AnaCredit newsletter, as is the case when the manual for the AnaCredit validation rules is published. There are five different data types, the value of which is checked against a threshold value within an outlier rule. These include Date, Rate, NUMBER, REFDATE_YEAR_OFFSET, and REFDATE_DAY_OFFSET. The data types Date, Rate, and NUMBER each use the reported attribute value and hold it against the defined threshold. The threshold values for the data types REFDATE_YEAR_OFFSET and REFDATE_DAY_OFFSET each represent the number of years or days that must elapse after a reporting deadline, before an alert is generated.
Related Links (in German)
- Circular (PDF)
- Validation Rules Manual, Version 10.1 (PDF)
- Value Limits for Outlier Rules, Version 1.0 (XLSX)
- AnaCredit Updates
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Value Limits for Recognizing Outliers, Validation Rules, Bundesbank
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Scott Dietz
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.
Previous Article
EU Adopts Long-Term Climate Change Strategy for Submission to UNFCCCRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
