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."
Related Links (in German)
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Data Quality, Bundesbank
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.
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.