Bank of Finland published version 1.6 of the validation checks for credit data collection, along with version 1.0 of the AnaCredit outlier detection thresholds. 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. One national validation check has been added to the completeness validation rules while various validation checks have been added, amended, and removed from the consistency validation rules. The updated document on validation checks also includes addition of new national identifiers.
- Validation Checks, Version 1.6 (XLSX)
- Outlier Detection Thresholds, Version 1.0 (XLSX)
- Bank of Finland AnaCredit Webpage
Keywords: Europe, Finland, Banking, AnaCredit, Reporting, Validation Checks, Dataset, Bank of Finland
Previous ArticleUS Agencies Update Management Interlock Rules Under DIMIA
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.