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Preparing for AnaCredit: A timely start is crucial
Journal of Securities Operations & Custody,
9
(1),
47-56
(2017)
Abstract
After many years of discussion the regulation on AnaCredit has arrived. As of reporting date 30th of September, 2018, credit institutions are required to periodically report 88 attributes and seven identifiers for all customers being legal entities with a balance above €25,000. A number of main challenges on internal organisation, data management and data set completeness should be properly addressed, together with the country specific circumstances that may exist. As AnaCredit will be a recurring reporting process banks are strongly advised to choose a structural reporting solution in order to ensure the requirements can be regularly fulfilled.
Keywords: AnaCredit; analytical credit dataset; statistical data reporting
The full article is available to subscribers to the journal.
Author's Biography
Paul Broersen has broad experience in finance and regulatory reporting within the banking industry. He started within the Deloitte audit department, subsequently acted as interim finance manager at ABN AMRO and is now director in the IFRS and Regulatory Reporting team within Deloitte Risk Advisory in the Netherlands. His experience includes projects in the broader regulatory reporting area, combining a mix of Basel, IFRS, Loan Loss Provisioning and data knowledge. Paul also leads the Deloitte EMEA Regulatory Reporting group.
Ronald Koppen has over 20 years of experience within the financial services industry, both from an industry and advisory perspective. He has worked for PwC as a public accountant, for ABN AMRO Risk Management and later on as Head of Financial and Regulatory Reporting. Since 2008 he has been a partner at Deloitte Risk Advisory. His experience includes projects in the triangle of Risk, Finance and ALM Treasury, amongst which Basel III, Loan Loss Provisioning, Finance Transformation programs, governance, data and risk management. He is responsible in the Netherlands for prudential supervision and is a member of the Deloitte Banking Union Centre in Frankfurt.
