Publicis.Sapient has updated the European DataWarehouse (ED) to support the development of the non-performing loans (NPL) markets and the European Banking Authority (EBA) data templates.
ED is the first and the only European data repository for loan-level data. It was established under the European Central Bank's (ECB) loan-level initiative in 2013.
The market initiative was setup in partnership with Publicis.Sapient with the objective of reviving investor confidence in the European asset backed securities (ABS) market.
ED will now be collecting test files for NPLs, in accordance with reporting templates developed by EBA, until the end of June 2018.
Publicis.Sapient has worked with ED to provide a data repository platform for banks, servicers and other market participants to collect, validate and disseminate NPL data based on the guidelines and templates published the EBA.
Bernd Harnisch, vice president of consulting at Publicis.Sapient, said: “We’re delighted to support the development of ED and deliver this latest enhancement.”
“By providing a unique, cloud based platform for the collection of NPL test data, ED is giving the opportunity for banks, servicers and other market participants to get familiar with the EBA templates and more specifically, the loan level reporting for residential mortgages and loans to small and medium corporations.”
Christian Thun, CEO of European Data Warehouse, commented: “We welcome EBA’s launch of the NPL standardised templates providing a common set of fields enhancing data availability, quality and comparability.”
“Building on the ABS experience, ED is delighted to bring its knowledge and skills in offering a platform for testing NPL data along with the opportunity for NPL market participants to familiarise themselves with the EBA templates.”
