Analytical Credit Datasets (AnaCredit) in Ireland

Background

In May 2016 the Governing Council of the European Central Bank approved Regulation (EU) 2016/13 on the collection of granular credit and credit risk data. This new data initiative, known as Analytical Credit Datasets (AnaCredit), comprises the collection of granular credit data based on harmonised ECB statistical reporting requirements. The objective is to establish a common granular credit database shared between the Eurosystem members, comprising input data for all euro area member states.

Granular credit data can be widely used to serve a number of different functions. The AnaCredit data will support the ECB and the Central Bank in performing their central banking and supervisory functions including monetary policy analysis and operations, risk management, financial stability surveillance, statistics, macroprudential policy and research.

Who will Report AnaCredit in Ireland?

All Irish resident credit institutions are subject to the reporting requirements laid out in the AnaCredit Regulation. Reporting agents will commence submitting counterparty information in January 2018. First reporting of credit data will take place in October 2018 (data referring to end-September).

Implementation

The AnaCredit Project in Ireland is being implemented in three phases:

  • Phase 1: Counterparty Data Reporting
  • Phase 2: Remaining ECB AnaCredit Templates
  • Phase 3: National Templates

Key Information and Documents

ECB AnaCredit Page

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AnaCredit Regulation | pdf 724 KB AnaCredit Regulation Data Tables | xls 67 KB ECB AnaCredit Reporting Manual Part I - General_Methodology | pdf 3100 KB ECB AnaCredit Reporting Manual Part II - Datasets and data attributes | pdf 2382 KB ECB AnaCredit Reporting Manual Part III - Case studies | pdf 1493 KB Complete Central Bank of Ireland reports – Case descriptions | pdf 907 KB Complete Central Bank of Ireland reports – Case data | xls 384 KB Central Bank of Ireland AnaCredit Notes on Compilation | pdf 2054 KB AnaCredit FAQ | pdf 436 KB AnaCredit Reporting Population | xls 11192 KB Central Bank AnaCredit and RS2 Mapping | xls 2803 KB Outlier Thresholds | xls 23 KB

Phase 1: Counterparty Data Reporting

Central Bank of Ireland Counterparty Template and Rules | xls 3338 KB Counterparty Reference Data Return - Reporting Schedule | xls 17 KB CPRD Short Schema | xsd 9 KB XML Guidance Notes for submitting Counterparty files | pdf 293 KB Register of government body identifiers | xls 142 KB Reporting Counterparty Reference Data attributes | pdf 882 KB CRO - Legal form mapping file | xls 16 KB

Phase 2: Remaining ECB AnaCredit Templates

Draft Credit Data Template and Rules Monthly - Banks | xls 329 KB Draft Credit Data Template and Rules Quarterly - Banks | xls 102 KB Central Bank of Ireland Position on Reduced Reporting (Annex II Regulation) | xls 37 KB Credit Data Template and Rules Monthly - Banks | xls 328 KB Credit Data Template and Rules Quarterly - Banks | xls 100 KB Credit Data Schedule | xls 15 KB ACR1B Schema v.3 | xsd 17 KB acr2b-schema-v-3 | xsd 4 KB Credit Data Types | xsd 4 KB
  • 1st draft Notes on Compilation: published 28 April 2017
  • 1st Reporting templates and validations: published 28 April 2017
  • 1st XML Schemas: published 21 July 2017
  • Test window for reporting agents: from 31 July 2018
  • System live opening date: 28 September 2018
  • First reporting deadline: 19 October 2018

Phase 3: National Templates

Banks that were required to report National Template were informed 24 February 2017

The first reporting date on the national reporting templates will be with reference to end-June 2019

The AnaCredit Team at the Central Bank will liaise directly with the affected reporting agents regarding timetables and further details

National Data Template and Rules | xls 103 KB Central Bank of Ireland National Template Notes on Compilation | pdf 920 KB NCR1B Schema v1.0 | xsd 8 KB NCR1B CreditDataTypes | xsd 4 KB

Reporting Requirements for Credit Unions

The majority of credit unions have a full derogation from AnaCredit reporting. The Central Bank notified individual credit unions of their reporting obligations in February 2017. Credit unions that are subject to the reporting requirements are required to submit:

  • the Counterparty Reference Data Return (above in Phase 1: Counterparty Data Reporting); and
  • a reduced Credit Data template specifically for Credit unions.

Credit unions are required to report both returns on a quarterly basis. Full guidance is included in the Central Bank of Ireland AnaCredit Notes on Compilation. In addition, example case studies are provided to assist Credit Unions in completing the Central Bank of Ireland AnaCredit reporting templates.

AnaCredit Reporting- Guidance for Credit Unions | pdf 815 KB Credit Data Template and Rules Quarterly - Credit Unions | xls 317 KB XXXCU_YYYYMMDD_ACPRD | xml 0 KB ACR1CU Schema v.3 | xsd 21 KB Complete Central Bank of Ireland reports – Case descriptions (Credit Unions) | pdf 637 KB Complete Central Bank of Ireland reports – Case data (Credit Unions) | xls 153 KB Counterparty Reference Data Return - Reporting Schedule Credit Unions | xls 15 KB Credit Data Schedule - Credit Unions | xls 13 KB

Key project dates for credit unions:

  • Notes on Compilation: published 28 April 2017
  • Reporting templates and validations published: 6 July 2017
  • XML Schema: published 21 July 2017
  • Test window for reporting agents: from 31 July 2018
  • System live opening date: 28 September 2018
  • First Reporting deadline for Counterparty Data Template: 9 October 2018 with reference to end-September 2018 positions
  • First Reporting deadline for Credit Data Template: 19 October 2018 with reference to end-September 2018 positions.

Industry Workshops

The AnaCredit Team is holding regular workshops with a number of reporting agents (and their invited partners), with the aim of identifying any Irish-specific issues or areas that require further clarification. If any resident credit institution wishes to join these workshops please contact the AnaCredit Team, at [email protected]. After consulting with the AnaCredit Team, reporting agents may invite a third party partner assisting in the development of their reporting systems.