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Document 32021O1829
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)
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)
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)
ECB/2021/47
OJ L 370, 19.10.2021, p. 5–15
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
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19.10.2021 |
EN |
Official Journal of the European Union |
L 370/5 |
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)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 127(2) and (5) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 5.1, 12.1 and 14.3 thereof,
Whereas:
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(1) |
In order to ensure the availability of high quality statistics on credit and credit risk, it is necessary to provide further details on the minimum standards for revising granular credit data and credit risk data (hereinafter ‘credit data’) and counterparty reference data. In particular, it is necessary to ensure that all national central banks (NCBs) transmit to the European Central Bank (ECB) revisions reported by reporting agents pursuant to Regulation (EU) 2016/867 of the European Central Bank (ECB/2016/13) (1). |
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(2) |
Guideline (EU) 2017/2335 of the European Central Bank (ECB/2017/38) (2) provides that errors in reported statistical information are revised and corrected and the revised data are transmitted to the ECB. In order to improve overall data quality, it is appropriate to provide further details with regard to the types and frequencies of revisions to be transmitted to the ECB. |
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(3) |
Reference dates to which the first ECB feedback loop data will refer after an NCB decides to participate in the AnaCredit feedback loop framework, as well as the scope of coverage of the ECB feedback loop dataset and the applicable restrictions on data sharing by the receiving NCBs, should be clarified. This should also help ensure equal treatment of participating NCBs and NCBs which may participate in the AnaCredit feedback loop framework in the future. |
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(4) |
It is appropriate to provide clarification of the common method of transmission of statistical information reported to the ECB for all NCBs. NCBs should therefore transmit data to the ECB using a harmonised electronic transmission format agreed and specified by the European System of Central Banks. |
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(5) |
In order to allow the NCBs sufficient lead time to implement the amendments to the provisions on revisions for credit data and counterparty reference data reported by reporting agents pursuant to Regulation (EU) 2016/867 (ECB/2016/13) effectively, and to ensure sufficient data quality, those amendments should apply on 1 April 2022. |
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(6) |
Therefore, Guideline (EU) 2017/2335 (ECB/2017/38) should be amended accordingly, |
HAS ADOPTED THIS GUIDELINE:
Article 1
Amendments
Guideline (EU) 2017/2335 (ECB/2017/38) is amended as follows:
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1. |
Article 1 is replaced by the following: ‘Article 1 Subject matter and scope 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:
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2. |
In Article 2, the following point (24) is added:
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3. |
In Article 5(4), point (b) is replaced by the following:
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4. |
Article 13 is replaced by the following: ‘Article 13 Acquisition and error acknowledgements 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) (*1). 2. NCBs shall ensure that revisions are transmitted to the ECB pursuant to Article 19. (*1) Guideline (EU) 2018/876 of the European Central Bank of 1 June 2018 on the Register of Institutions and Affiliates Data (ECB/2018/16) (OJ L 154, 18.6.2018, p. 3).’;" |
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5. |
In Article 16d, paragraphs 1 and 2 are replaced by the following: ‘1. Prior to the relevant start date of participation referred to in Annex IV, the ECB shall transmit an ECB feedback loop dataset to each NCB listed in Annex IV for testing purposes. Those data shall only be used for the purposes of testing the arrangements referred to in Article 16b(b) prior to their implementation on the start date of participation of the relevant NCB and in accordance with Article 16e(9). NCBs shall not use the data received from the ECB for the purposes of a feedback loop referred to in Article 16e until the relevant NCB has become a participating NCB and has received the first ECB feedback loop dataset containing data referring to the reference date on the last day of the month during which participation starts. 2. From the relevant start date of participation referred to in Annex IV, the ECB shall transmit an ECB feedback loop dataset to each receiving NCB via regular transmissions, immediately after the generation of the golden copy. The first ECB feedback loop dataset shall be limited to data referring to the reference date on the last day of the month during which participation starts. Each subsequent ECB feedback loop dataset thereafter shall be limited to the following:
For the purposes of point (b), data referring to reference dates preceding the reference date on the last day of the month during which participation starts shall be excluded.’; |
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6. |
In Article 16d, paragraph 4 is replaced by the following: ‘4. The ECB shall transmit to the receiving NCBs any revisions it has received pursuant to Article 19 which relate to information included in regular transmissions.’; |
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7. |
In Article 16e, paragraph 4 is replaced by the following: ‘4. For the purposes of this Chapter, receiving NCBs shall not share any of the following with reporting agents:
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8. |
Article 17 is replaced by the following: ‘Article 17 Transmission 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.’; |
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9. |
Article 18 is amended as follows:
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10. |
Article 19 is replaced by the following: ‘Article 19 Revisions 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:
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:
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.’; |
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11. |
The following Article 19a is inserted: ‘Article 19a Reporting calendar 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.’; |
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12. |
Annexes III and IV to Guideline (EU) 2017/2335 (ECB/2017/38) are amended in accordance with the Annex to this Guideline. |
Article 2
Taking effect and implementation
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.
Article 3
Addressees
This Guideline is addressed to the national central banks of the Member States whose currency is the euro.
Done at Frankfurt am Main, 7 October 2021.
For the Governing Council of the ECB
The President of the ECB
Christine LAGARDE
(1) Regulation (EU) 2016/867 of the European Central Bank of 18 May 2016 on the collection of granular credit and credit risk data (ECB/2016/13) (OJ L 144, 1.6.2016, p. 44).
(2) Guideline (EU) 2017/2335 of the European Central Bank of 23 November 2017 on the procedures for the collection of granular credit and credit risk data (ECB/2017/38) (OJ L 333, 15.12.2017, p. 66).
ANNEX
Annexes III and IV to Guideline (EU) 2017/2335 (ECB/2017/38) are amended as follows:
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1. |
Annex III is replaced by the following: ‘ANNEX III Data attributes for the purposes of feedback loops
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2. |
Annex IV is replaced by the following: ‘ANNEX IV Participation in the AnaCredit feedback loop framework The following NCBs are considered participating NCBs for the purposes of this Guideline, from the start date of participation indicated. After 1 April 2020 and prior to the relevant start date of participation, the NCBs will receive the ECB feedback loop dataset for testing purposes in accordance with Article 16d(1).
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((*1)) NCBs extract these attributes from RIAD, only if they are flagged as “F” meaning free, i.e. not confidential and may be made public or “R” meaning that, in addition to the uses allowed under Article 10(2)b, an attribute value may be shared with the reporting agent which provided that information, and, subject to any applicable confidentiality restrictions, with other reporting agents, i.e. restricted release only, in accordance with Guideline (EU) 2018/876 (ECB/2018/16).
(1) See the definitions in Article 2.
(2) The participating NCBs are indicated by the ISO country codes of their Member State.
(3) At national level, in the regular transmission, the receiving NCB shares with resident reporting agents only the co-debtors (identifier and joint liability amount) that have loans with the resident reporting agents.
(4) NCBs may use these attributes in order to flag in the feedback loops the instruments linked to protection items.