German Bundesbank and BaFin propose ending million credit reporting for banks and insurers from 30 December 2026

The German Bundesbank and the Federal Financial Supervisory Authority (BaFin) proposed discontinuing the million credit reporting system for banks and insurers from 30 December 2026, with the required legislative amendments published by the Federal Ministry of Finance in the draft Standortfördergesetz. Under the current million credit reporting framework, credit institutions, insurers and other reporting entities submit quarterly reports of all loans to a borrower or borrower group that reach or exceed EUR 1 million, affecting around 3,200 companies. The authorities argue the reporting has become a disproportionate duplicate burden because banks already report highly granular credit portfolio data to the Bundesbank under the European Central Bank’s AnaCredit credit data statistics, and supervisors can also draw on securities investment statistics as an alternative source for credit risk analysis. Implementation depends on the legislative process for the draft law, which would allow the reporting regime to be switched off on the proposed date.