AnaCredit Validation Service
- 1. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.nl/ about to learn more. Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our network of member firms in more than 150 countries serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 286,000 people make an impact that matters at www. deloitte.nl. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2019 Deloitte The Netherlands AnaCredit: granular reporting based on Logical Data Model •• Starting with the new AnaCredit report in 2018, the regulators are shifting from traditional template-based (aggregated) reports towards data-model-based (granular) reports. •• In Netherlands, the regulator De Nederlandsche Bank (DNB) has published a detailed Logical Data Model (LDM) to describe the Data Delivery requirements for the AnaCredit report. •• The LDM describes various tables, relationship between tables, consistency checks, data quality checks and more importantly, hundreds of business rules, which the AnaCredit report must comply with. •• The report will be accepted by regulators only if it satisfies all the requirements stated in the Logical Data Model, the Data Delivery agreement and passes all the (blocking) validation rules. Challenges for banks •• The complexity of the Logical Data Model makes the manual validation checks of the generated reports very labour- intensive and prone to error. •• Not having an in-house automated solution for validating the report could result in very long turn-around times and multiple submissions to regulators. In worst cases, even deadline could be missed. •• The validation report from regulators is very technical, difficult to interpret & act up on. •• After the grace period expires in 2020, banks which have exemption to submit just quarterly reports will have to submit AnaCredit monthly, thus increasing their workload substantially. •• The data model is updated frequently, making it cumbersome to keep up with the changes. Deloitte’s Validation engine for AnaCredit •• Deloitte has developed a validation engine that automatically checks all technical and business rules and generates a user-friendly Excel report in a matter of minutes. •• The failing (complex) technical validation rules are explained in a way that’s easy to understand for business users. •• Deloitte will keep the Validation engine up-to-date with the latest version of data model published by regulators. •• The Validation engine can be easily deployed for any jurisdiction which is using either local data model defined by country regulator or common ECB data model. Contact information Venkat Sambandan Manager Deloitte Risk Advisory B.V. +31 6 2025 2220 vsambandan@deloitte.nl Otto van Buuren Senior Consultant Deloitte Risk Advisory B.V. +31 6 2291 5532 ovanbuuren@deloitte.nl Stuti Oberoi Senior Consultant Deloitte Risk Advisory B.V. +31 6 5005 5356 stoberoi@deloitte.nl Automated validation engine from Deloitte ensures completeness, correctness and accuracy of AnaCredit report in a matter of minutes. Validation Service for AnaCredit reports