Regulatory Alerts2023-04-03
Added · Updated
Circular to Less Significant Institutions on ECB Data Quality Checks
As of 1 June 2023, Less Significant Institutions must resolve failing ECB EGDQ checks through resubmissions or justified detailed explanations without undue delay. This requirement applies to both initial submissions and resubmissions made on or after 1 June 2023, regardless of the reference date. Institutions are also required to satisfy EGDQ checks that mandate inputting zero figures for data points with no activity, aligning with the ECB's approach to interesting zeros.
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