Case Study

A New Compliance Framework

A New Compliance Framework

Pages 4 Pages

NOVABASE 2019 © All Rights Reserved. CASE STUDY A New Compliance Framework Following the recent 2007 financial crisis, regulators understood that the individual corporations and households in the euro area were vulnerable to the economic shocks. For policy purposes, the European Central Bank (ECB), the national central banks and the authorities of the euro area have taken on new tasks for macroprudential supervision. In 2011, the ECB launched, together with the euro area and some non-euro area national central banks, the AnaCredit project. AnaCredit stands for “analytical credit datasets” . It is a detailed dataset with information on individual bank loans in the euro area. AnaCredit combines new data with existing national credit registers to achieve a harmonized database that sup

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