In order to provide a harmonised data infrastructure, the Eurosystem started the Analytical Credit and Credit Risk Datasets (AnaCredit) initiative in 2016. [34] Since September 2018, banks within the European Monetary Union report up to 89 data attributes per loan and involved counterparties on a monthly basis. AnaCredit only collects data on non-natural persons as counterparties.
Banks have to report loans granted to a single debtor if the outstanding exposure over all loans to this debtor is at least 25,000 Euro. Additionally, implementing feedback loops, which require an adequate legal basis, would be a way to share and use the rich information contained in AnaCredit more widely, including across market participants.