GE BaFin Large Exposure Reports


On Jan. 17, GE BaFin proposed regulation amending GroMiKV.

  • Draft regulation amending the large loan and credit facility regulations (GroMiKV).

Overview

  • Followed May 2016 ECB decision to implement AnaCredit reporting, see #27641.
  • Several European credit registers stated intend stop participation in Euro-Evidenz.
  • Deutsche Bundesbank decided to stop investing in adjustment of Euro-Evidenz.
  • Therefore reporting requirements for Euro-Evidenz in GroMiKV should be deleted.
  • Legal basis for establishing an electronic master data submission is to be created.
  • BaFin will be given the option to make submission mandatory by general decree.
  • In addition, the draft regulation makes certain editorial adjustments in GroMiKV.

Effectiveness

  • Open for comment to Jan. 31, 2019.