The final version of the AnaCredit Regulation on the collection of granular credit and credit risk data was published on 1st June. It includes references to the related amending decision on the organisation of preparatory measures for the collection of granular credit data by the European Systems of Central Banks (ESCB).
The regulation concerns credit granted by credit institutions to legal entities and is only in its first stage. The scope of granular reporting may be extended in the future.
It outlines the reporting requirements, provides recommendations for developing a long-term framework for the collection of credit data based on harmonised ECB statistical reporting requirements and defines the reporting population and scope. Essentially, the regulation explains how, when and what the impacted population will need to report to the relevant National Central Bank which in turn transmits this data to the European Central Bank.