Bankers Want Consultation on Draft Regulation

ECB 'has not communicated properly with stakeholders' on AnaCredit

ecb-newhq-march2015
The Frankfurt headquarters of the European Central Bank, which is facing criticism of its AnaCredit data implementation plans

The European Banking Federation (EBF) has sent the European Central Bank (ECB) a letter calling for open consultation on the upcoming draft regulation AnaCredit.

The ECB's Council of Governors will within the next two months be asked to approve the draft of regulation that will begin the implementation of AnaCredit, a eurozone-wide common dataset to which institutions will be required to submit highly granular credit risk information.

The ECB has said this data will be used to aid its research

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