Evolution of the Central Credit Register: Innovations in the reporting related to the Central Credit Register


  Banks and financial intermediaries

  Milan - 22nd November 2016 and Rome - 23rd November 2016

  November 2016

Even if it is firmly defined, now more than ever the credit risk and the related measurement and distribution techniques on the one hand, and the mitigation techniques on the other hand, express a fundamental variable.

The recent NPL reporting, and future AnaCredit, identify an area (unfortunately a relevant one) of the credit risk that for many reasons became non-performing.

Therefore, the role of having a centralized credit system, even if with all the biases highlighted until today, that complies with the principles of

  • Significance; and
  • Frequency of update

is rightly considered of the utmost importance by our Regulator. Such a system is known as the Central Credit Register.

On 30th June 2016, the Bank of Italy published the 15th update of Circular No. 139, which foresees several objectives, both of an organizational nature (reorganization of the sources) and of an operational nature (redefinition and integration as concerns some types of activities).

The reporting innovations will become effective starting from January 2017as reporting date; these will mainly concern monthly and intramonthly reporting concerning both transfer transactions between intermediaries (factoring and or credits earned with factoring activities) and credits moved to losses. Those ones will specifically concern: the evidence of losses deriving form transfers, the instances where intramonthly reporting concerning non-performing loans and paid-off loans is needed and the instances where reporting on losses relating to non-performing loans is needed.

As already mentioned in the public consultation dated 30th June 2016, the Bank of Italy and the Central Bank of the Republic of San Marino will start an information exchange between the central banks of the two Countries, based on criteria similar to those followed until now for the exchange of data concerning the Central Credit Register among European Central Banks.

Thus, we consider appropriate to propose a training event on the changes that have taken place regarding the ‘Central Credit Register’. The meeting will examine the legislative sources, as well as the Circular structure, the monthly and the intramonthly reporting and further specifications on particular related themes, in order to promptly respond to legislative needs and requirements.

Therefore, this meeting is addressed to the credit, legal, administration services staff and to the staff operating in other departments of the company which have operational impacts on those aspects.

Pubblicato il 22/11/2016


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