Wikipedia
AnaCredit is a project to set up a dataset containing detailed information on individual bank loans in the euro area, harmonised across all member states. “AnaCredit” stands for analytical credit datasets. The decision by the ECB to go ahead and create what is now known as AnaCredit was made in February of 2014.
The purpose is to support:
- monetary policy analysis and operations;
- risk management;
- financial stability surveillance.
AnaCredit focuses on the collection of granular credit data to address the main data needs of the ESCB. While some of the data could be also helpful for prudential supervision, AnaCredit is not set up to meet banking supervisory needs and no specific requirements pertaining to the ECB’s Banking Supervision ( Single Supervisory Mechanism) are included in the draft Regulation.
Eurozone states are obliged to participate, while Member states of the European Union outside the eurozone can voluntarily participate. Two of the Scandinavian countries: Denmark and Sweden have announced their intention to do so.
The project was initiated in 2011 and data collection is scheduled to start at the beginning of 2018. The Governing Council of the ECB will decide on a statistical regulation that will set out the details.
The final regulation was decided by the ECB's Governing Council on 18 May 2016: “ECB regulation on the collection of granular credit and credit risk data”