Under the regulation of the European Central Bank, AnaCredit is a new dataset with detailed information on individual bank loans in the euro area. The name stands for “analytical credit datasets”. The ECB launched the project in 2011 – together with the euro area and some non-euro area national central banks. It will use new data and existing national credit registers to achieve a harmonised database that supports several central banking functions, such as decision-making in monetary policy and macroprudential supervision. The regulation is imposed on National Competent Authorities, each deciding how to implement detailed data requirements on their national level.
Aguilonius has developed its software solution AnaCredit Factory, in short “AnaFactory“, as a stand-alone database solution which is modularly integrated with its supervisory reporting solution XBRL Factory-SE. Depending on the National Competent Authority where to feed the data to, different parts of the solution will be activated, with variations on both the extract formats and the sourcing side to collect more than the required AnaCredit attributes.
Aguilonius has designed AnaFactory data dictionaries in such a way that relevant regulatory and functional information can be triggered per individual attribute of the different datasets. A three-layer validation process deals with various validation checks (Referential Integrity, Completeness, Consistency) with detailed error logging and correction possibilities.
AnaFactory is an intuitive and flexible solution covering NCA specific challenges, such as BECRIS for the National Bank of Belgium and empower the client to focus on the data quality of their detailed credit data.
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