More Flesh to the Bone of AnaCredit

ECB releases draft of regulation, but questions remain

Friedemann Loch, director, PricewaterhouseCoopers

The European Central Bank (ECB), bowing to public pressure, released a draft of the Analytical Credit Dataset in December. Known as AnaCredit, the regulation requires credit institutions in the European Union to report credit exposures to supervisors, creating a highly granular and harmonized dataset to augment the statistical research function of the central bank.

Critics have said that even though the supervisory side of the newly two-part ECB will use the data, no public consultation has been