AnaCredit/BECRIS – full process

AnaCredit/BECRIS – full process

For a Major EU Clearing House

About the client

Our client is a major clearing house in Belgium that is active in the domain of settling securities transactions & safekeeping.

About the project

AnaCredit stands for analytical credit data set. It is a reporting project launched by ECB which aims to collect granular data (i.e. at transaction level) on credits (and the associated credit risk) granted by financial institutions. Although defined at European level, local authorities can extend the required data set and amend the reporting frequency. The National Bank of Belgium is one of national reporting authorities which extended the scope of AnaCredit, as the target reporting framework, should also replace existing credit registers. The system was called BECRIS. Our client needed to update its reporting process for BECRIS and create datasets

b.fine designed and implemented the data collection and reporting process. WKFS’ OneSumX© has been selected for the creation of the AnaCredit datasets. The b.fine consultants were actively involved in the whole process from analysis, to data collection to setting up the right workflows. to ensure a smooth regulatory flow.

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