Deutsche Bundesbank published a circular (No. 66/2021) on test submissions for the contractual partner master data and information on data quality under AnaCredit reporting. The circular highlights that test environment for the submission of contractual partner master data has been made available, with immediate effect. The circular also provides information about recurring technical reporting errors in connection with the reporting of the contractual partner master data. These errors are related to identifiers, stability of contract partner IDs, address details, name, institutional sector, company size, number of employees, total assets, annual turnover, and status of the legal proceedings.
Annex V of the AnaCredit Regulation states that reporting requirements of a national central bank must be complied with and that this information must be complete and correct. Therefore, Bundesbank has requested institutions to check their reports for possible errors and, if necessary, to make appropriate corrections to the data. A detailed description of the individual data fields can be found in the AnaCredit guidelines. Bundesbank has published another circular (No. 68/2021) on change of future reporting requirements from February 01, 2022, with regard to the special case of the validity of subsector information in the code list "institutional sector."
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Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Data Quality, Bundesbank
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