Regulatory Alerts2016-10-18
Master Data Search Engine for Large and Million Credit Reporting
The Deutsche Bundesbank provides credit lenders with online access to its master data search engine to verify and update borrower information for regulatory reporting purposes. Lenders must strictly adhere to confidentiality obligations under Section 14 of the German Banking Act and are required to cross-check all retrieved data against their own records before submission. The tool facilitates the use of collective reporting forms to streamline the submission process while ensuring data quality and compliance with banking supervision requirements.
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