The financial crisis that began in 2008 demonstrated the limitations of information that can be derived from aggregate macrodata and highlighted the need for more granular data, both for monetary and macroeconomic policy purposes and in order to support financial stability policy.
The financial crisis that began in 2008 demonstrated the limitations of information that can be derived from aggregate macrodata and highlighted the need for more granular data, both for monetary and macroeconomic policy purposes and in order to support financial stability policy.
The AnaCredit project was initiated by the European System of Central Banks (ESCB) in 2011 [and data collection started with data for September 2018]. The data are collected by the national central bank (NCB) of each euro area member country, and the reporting population comprises domestic and foreign credit institutions located in that Member State concerned, as well as their branches operating abroad. The information contained in AnaCredit is fully harmonised across the euro area, and the data are subject to quality assurance checks by both the NCB and the ECB, which is the ultimate recipient of the data. The collection, quality assurance and transmission of data to the ECB by the Bank of Greece are carried out on a monthly basis and are governed by Regulation (EU) 2016/867 of the ECB, Bank of Greece Governor’s Act 2677/19.05.2017, as well as by rules and requirements as laid down in the following reference documents. The information collected is confidential and therefore any access to, and use of, such data by the ECB and the relevant NCBs take place solely in accordance with Regulation (EU) 2016/867, and to the extent and for the purposes set out in Regulation (EC) no. 2533/98.
The Bank of Greece collects, checks and transmits to the ECB credit and credit risk data from credit institutions resident in Greece and their branches abroad since September 2018.