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European System of Central Banks (ESCB) aims for a centralized credit register to perform more detailed market surveillance on a loan-by-loan approach with a significant low threshold. Therefore, National Central Banks in Europe are struggling with this new challenge that require IT costs and strong effort in data integration and harmonisation. In this scenario some European Central Bank are thinking to dismiss or rationalize their Central Credit Register.
The EU regulatory context set up the path toward credit risk harmonisation
In the context of the Single Supervisory Mechanism (SSM), with the objective to strengthen the Economic and Monetary Union, AnaCredit (Analytical Credit DataSet) is the first step against the lack of harmonisation to...
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