Bank of Finland published Version 2.8 of AnaCredit reporting requirements, Version 1.10 of schema documents, and the updated description of electronic reporting for credit data collection. Version 2.8 of the AnaCredit reporting requirements covers updated code lists and the addition of some legal forms. Bank of Finland also published version 1.7 of the validation checks for credit data collection.
The document on AnaCredit requirements describes requirements of the Bank of Finland for the data to be collected, in accordance with the AnaCredit Regulation of ECB. In the updated reporting guide "Description of electronic reporting," the requirements are presented the way the Bank of Finland collects them. The changes in this version are based on schema version 1.10. This document applies to the production and submission of AnaCredit data to the Bank of Finland as of March 31, 2018 (counterparty data) and as of September 31, 2018 (credit data). Bank of Finland receives the reported data via the Data Collection Service 2 (DCS2) operated by Posti Messaging Oy. Bank of Finland assesses the credit institutions' reporting obligations annually, on the basis of total outstanding amount of loans under Regulation (EU) No 1071/2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33, as amended by Regulation ECB/2014/51).
Validation rules are divided by the type of validation to three different parts—completeness, referential integrity, and consistency validation rules. In addition the rules are divided to two parts based on the datasets the validation rules are referring to—counterparty reference records and credit-related records. The updated document on validation checks includes addition and removal of certain national identifiers. The update also includes RegEx specification, reporting format description, and macro class/category adjusted for national identifiers.
- AnaCredit Requirements, Version 2.8 (XLSX)
- Credit Data Collection, Version 1.10 (PDF)
- Validation Checks, Version 1.7 (XLSX)
- Bank of Finland AnaCredit Webpage
Keywords: Europe, Finland, Banking, AnaCredit, Reporting, Validation Checks, Credit Risk, Schemas, Bank of Finland
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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