Regulatory Alerts2013-07-08
Large Exposure and Million Credit Reporting - Reporting Technology
The German Federal Bank (Bundesbank) issued this informational document on July 8, 2013, to outline the technical implementation of the separation between large exposure reporting (COREP) and million credit reporting. It details the new mandatory reporting formats (LE1-LE5), the introduction of a continuous master data submission process with specific identification numbers, and the associated regulatory timelines for institutions. The presentation further explains the modernization of million credit reporting, including the lowering of reporting thresholds and the expansion of the credit definition effective in 2014 and 2015.
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