Address the first credit risk mandate from the European Central Bank (ECB)
With the ECB’s mission to both support micro and macro prudential supervision and improve the statistical evaluation of credit and credit-risk analysis, AnaCredit, the analytical system of Credit (AnaCredit) has been introduced.
From January 2017, financial institutions within the Eurozone will need to report granular loan portfolio and borrower data on a loan-by-loan basis The data will need to be reported to central credit registers (CCR’s), which are granular databases operated by the National Central Banks.
Banks will need to assess their current credit risk data sets, the way it is received, stored and disseminated, and ensure that it is accurate, timely and complete. The ECB decided that this project should have top priority with regard to the upcoming ECB supervisory task.
Misys can help you comply with AnaCredit and guide you in how to turn this new regulation into competitive advantage.
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Putting AnaCredit in a broader regulatory perspective