AnaCredit Regulation

The financial crisis has shown that aggregate loan statistics are not adequate to understand the underlying developments that give rise to the credit risk of the financial system. This led to the need for aggregating and analyzing credit exposures on a harmonized loan-by-loan basis. The AnaCredit (Analytical Credit Datasets) Regulation sets up a dataset containing detailed information on individual bank loans across the EU member states based on harmonized definitions. The regulation is aimed at providing good statistics to aid the ECB in monitoring and understanding developments in the euro area during economic shocks. It can also support the ECB and the National Central Banks (NCBs) in decision making and the new macroprudential supervision tasks.

2019
2020
2021
2022
2023
2024
4
1
Implementation / enforcement 01/2011 - 12/2015
2
Discussion / consultation 12/2015 - 05/2016
3
Implementation / enforcement 05/2016 - 09/2018
4
In effect 09/2018 -

STATUS
The Regulation was formally adopted by the ECB in May 2016. The first reporting deadline is set for September 2018. Further reporting requirements will be phased in from 2019 onwards.

To build the AnaCredit datasets, Central Credit Registers operated by the NCBs will access the credit databases of loan-providing institutions. These institutions have to develop a granular credit database to collect and provide 127 loan attributes across all credit exposure types in a standardized reporting framework.

Institutions may be forced to make significant investments in their regulatory reporting architecture and spend considerable time on accounting for missing data. However, along with BCBS 239, AnaCredit provides institutions with the opportunity to rethink their data management and infrastructure. Monthly reporting will commence in September 2018. Smaller banks are allowed to report once per quarter until late 2020.

Further information:
KPMG: AnaCredit
European Central Bank: AnaCredit

 

author
Rob Voster Senior Manager
Categories: Transparency