Bank of Finland Updates Technical Reporting Guide for AnaCredit
The Bank of Finland updated the technical reporting guide for AnaCredit. It published the updated Version 2.2 of its preliminary AnaCredit requirements, along with the updated description of electronic reporting for credit data collection. This updated reporting document is a draft version of the instructions and cannot be used for reporting to the Bank of Finland.
The Bank of Finland has started preparations for the establishment of the credit database data collection (known as the LuoTi project). Its website offers information on the preparations and progress of the project, along with the upcoming milestones. The revisions in the updated document on electronic reporting for credit data collection include the following:
- Introduced changes according to updated schema version 1.2
- Added in section 1 an introductory remark on the data collection service (DCS)
- Added in section 5.3 XML schema and its version and information on schemas of submission files
- Added more details on the identifier of foreign data provider in Sections 5.6.1 and 5.6.2
- Added more details on validation rules in new section 5.7.1 (on validation checks of the DCS) and section 5.7.2 (on other technical validations of the Bank of Finland)
- Added information on the e-identification and e-authorization services of Suomi.fi, in section 6 , which is about transmission of data do the Bank of Finland
- Added more details in section 8 on feedback reports
Related Links
- Description of Electronic Reporting Version 1.2 (PDF)
- Updated AnaCredit Requirements (XLS)
- Bank of Finland AnaCredit Webpage
Keywords: Europe, Finland, Banking, AnaCredit, Reporting Requirements, Credit Data Collection, Bank of Finland
Previous Article
ESMA Updates MIFID II Trading Halts ProcedureRelated Articles
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
BIS Bulletin Examines Cognitive Limits of Large Language Models
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
ECB is Conducting First Cyber Risk Stress Test for Banks
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
EBA Continues Momentum Toward Strengthening Prudential Rules for Banks
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
EU and UK Agencies Issue Updates on Final Basel III Rules
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards