Since 2014 the European Central Bank (ECB) has developed a set of supervisory measures within the Eurosystem and the European System of Central Banks (ESCB) – introducing the Single Supervisory Mechanism – with the aim of collecting data granular credit.
On the basis of Council Regulation (EC) No 2533/98 of 23 November 1988, the ECB initiated in 2011 a new project to collect in detail all data on bank loans in the euro area. This new project, AnaCredit (Analytical Credit Datasets), as the name implies, intends to aggregate the set of analytical data related to credit at the individual level.
In 2015, the first draft of the new regulations provided the scope, statistical requirements and disclosure obligations, among others, of AnaCredit. With a tight schedule, it is necessary to disseminate information monthly, quarterly or, in some cases, AnaCredit alone can become a major challenge to the need for compliance by credit institutions and financial institutions in the Member States.