Guideline (EU) 2021/1829 of the European Central Bank of 7 October 2021 amending Guideline (EU) 2017/2335 on the procedures for the collection of granular credit and credit risk data (ECB/2021/47)

This Guideline establishes the reporting obligations for NCBs with regard to the transmission to the ECB of credit data and counterparty reference data collected pursuant to Regulation (EU) 2016/867 (ECB/2016/13). In particular, this Guideline establishes the following: (a) specific obligations relating to the collection and transmission of credit data and counterparty reference data; (b) the procedures and standards for transmission of those data to the ECB; (c) derogations and reduced reporting frequency for the collection of credit and counterparty reference data by NCBs; (d) a framework for NCBs to participate, on a voluntary basis, in arrangements for the transmission and sharing of certain subsets of credit data and the related counterparty reference data, for the purpose of establishing or enhancing feedback loops with reporting agents (hereinafter also referred to as the ‘AnaCredit feedback loop framework’); (e) data quality management (DQM) requirements for NCBs.’;

1 Upon receipt of updates referred to in Article 12, the ECB shall carry out checks to validate, without delay, the quality of the information provided and shall provide NCBs with acquisition and error acknowledgements referred to in Article 9 of Guideline (EU) 2018/876 of the European Central Bank (ECB/2018/16) .

2 NCBs shall ensure that revisions are transmitted to the ECB pursuant to Article 19.

1 NCBs shall transmit the statistical information to be reported pursuant to this Guideline electronically, using the means specified by the ECB. The statistical message format developed for this electronic exchange of statistical information shall be the format agreed by the ESCB.

2 Where paragraph 1 does not apply, NCBs may use other means of transmitting statistical information with the ECB’s prior consent.’;

1 NCBs shall transmit to the ECB all revisions of credit data and counterparty reference data reported by reporting agents pursuant to Regulation (EU) 2016/867 (ECB/2016/13) as soon as they have been processed as follows: (a) for monthly reporting, NCBs shall transmit revisions for the twelve reporting reference dates immediately preceding the reporting reference date for which data were reported during the relevant production period; (b) for quarterly reporting, NCBs shall transmit revisions for the four reporting reference dates immediately preceding the reporting reference date for which data were reported during the relevant production period. For the purposes of the first subparagraph, the relevant production period shall be the production period during which the NCB first became aware of the errors or missing information.

2 NCBs shall transmit revisions to the ECB in accordance with the minimum standards for revisions set out in point 4 of Annex V to Regulation (EU) 2016/867 (ECB/2016/13).

3 NCBs shall transmit to the ECB revisions reported by reporting agents for reference dates prior to the reference dates set out in paragraph 1 where both of the following apply: (a) the ECB has given prior consent; (b) such revisions will improve data quality and ensure consistency with the data stored in national databases.

4 NCBs shall establish the arrangements with reporting agents which enable NCBs to transmit data to the ECB without delay.

5 The ECB shall process revisions and store them in the shared database without undue delay after they have been received from NCBs. The ECB shall inform the NCBs concerned of the outcome of any data quality assessment.’;

By the end of September each year, the ECB shall communicate the exact transmission dates for the following year to the NCBs in the form of a reporting calendar. NCBs shall report the statistical information pursuant to this Guideline in accordance with that reporting calendar.’;

1 This Guideline shall take effect on the day of its notification to the national central banks of the Member States whose currency is the euro.

2 The national central banks of the Member States whose currency is the euro shall comply with this Guideline from the day of its notification. However, they shall comply with Article 1(10) of this Guideline from 1 April 2022.

This Guideline is addressed to the national central banks of the Member States whose currency is the euro.