(Published August 25, 2016) The AnaCredit project started in 2011 to form a core set of low level and harmonized data on credit granted by euro area financial institutions. On the 18 May 2016, The European System of Central Banks (ESCB) settled plans for stage one of its Analytical Credit Dataset (AnaCredit). The purpose is to enable the work of the Single Supervisory Mechanism (SSM) by providing a full, true and up-to-date view of Eurozone credit data. This article explains what is new, what has changed in the final rules, and as a result, the work that banks now have to start in order to comply in time with the new deadline.
(Live Webinar September 6, 2016) An integral part of a broader picture in regulatory development, BCBS 239 is one of a number of key regulatory drivers interlinking finance, compliance and risk management initiatives with business needs. Together, IFRS 9, FRTB and IRRBB are creating a high impact operational and transformational event for banks which requires a unified solution. Join us for an update on how BCBS 239 is being adopted and implemented globally by both buy-side and sell-side firms and discuss best practice in data modeling and management with expert advisers.