ECB published Version 1.6 of the validation checks for AnaCredit reporting, to supplement the AnaCredit Reporting Manual. In this version, validation checks related to the completeness of credit data were amended, post the publication of an additional AnaCredit question and answer. With the aim to ensure data consistency, two consistency checks were split to facilitate an exception while a small number of other consistency checks were amended.
The updates also incorporate adjustments resulting from the reporting manual amendments with respect to the reporting of special funds. In Part II of the reporting manual, special funds are defined as unincorporated investment funds comprising investment portfolios owned by a group of participants and whose management is undertaken by other financial corporations. Under AnaCredit, special funds and their managing financial corporations are deemed to have a similar relationship to each other as foreign branches and head office undertakings. In contrast to foreign branches, however, there can be multiple special funds under one managing financial corporation that are resident in the same country. Special funds are therefore reported to AnaCredit in a similar manner to the reporting of foreign branches, where it is recommended that the managing financial corporation of a special fund be identified as the head office undertaking.
The published validation checks are a minimum set of self-contained rules, which the data under AnaCredit reporting must satisfy to comply with the stipulated completeness and consistency requirements. In addition to being consistent with the AnaCredit model and the AnaCredit Regulation, validation checks also take into account the general methodology set out in the AnaCredit Manual.
Keywords: Europe, EU, Banking, AnaCredit, Reporting, Reporting Manual, Validation Rules, ECB
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