ECB Publishes Version 1.6 of Validation Rules for AnaCredit Reporting
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.
Related Links
Keywords: Europe, EU, Banking, AnaCredit, Reporting, Reporting Manual, Validation Rules, ECB
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.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Related Articles
UK Authorities Consult on Implementation of Basel 3.1 Standards
The UK authorities have published consultations with respect to the Basel requirements for banks. The Prudential Regulation Authority (PRA) published the consultation paper CP16/22 on rules for the implementation of Basel 3.1 standards.
ESAs Issue Multiple Regulatory Updates for Financial Sector Entities
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
FSB and NGFS Publish Initial Findings from Climate Scenario Analyses
The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.
FSB Issues Reports on NBFI and Liquidity in Government Bonds
The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.
ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
EBA Finalizes Methodology for Stress Tests, Issues Other Updates
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
EU Finalizes Rules Under Crowdfunding Service Providers Regulation
The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.
OSFI Sets Out Work Priorities and Reporting Updates for Banks
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
APRA Finalizes Changes to Capital Framework, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
