Implementing ‘quality assurance procedures’ in monetary and financial statistics (MFS) Q2014 - European conference on quality in statistics Vienna, 3 June 2014 Violetta Damia Jean-Marc Israël European Central Bank Directorate General Statistics Monetary and Financial statistics Division ECB-PUBLIC
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Implementing ‘quality assurance procedures’ in monetary and financial statistics (MFS)
ECB-PUBLIC. Violetta Damia Jean-Marc Israël European Central Bank Directorate General Statistics Monetary and Financial statistics Division. Implementing ‘quality assurance procedures’ in monetary and financial statistics (MFS). Q2014 - European conference on quality in statistics - PowerPoint PPT Presentation
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Implementing ‘quality assurance procedures’ in monetary and financial statistics (MFS)
Q2014 - European conference on quality in statistics
Vienna, 3 June 2014
Violetta Damia
Jean-Marc Israël
European Central BankDirectorate General StatisticsMonetary and Financial statistics Division
• Development of MFS ~ meeting user requirements & in line with international statistical standards – also input to other stat. domains
• Until recently, several deviations with international statistical standards
– reporting units and sectors, counterpart sectors or sub-sectors, financial instruments, etc.
– other specific issues, e.g. the valuation principles applied, the treatment of accrued interest, and the treatment of non-performing loans.
• Additional requirements from users
substantial amendment of five ECB Regulations and Guideline on MFS (ECB/2014/15)
Regulations ECB/2013/33 on MFI balance sheet statistics, ECB/2013/34 on MFI interest rate statistics, ECB/2013/39 on Post Office Giro Institutions, ECB/2013/38 on Investment Funds and ECB/2013/40 on
Financial Vehicle Corporations
1st reporting in in Jan. 2015 with data for Dec. 2014 – publication in mid-2015
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Example 1. Enhancing MFS methodological soundness ECB-PUBLIC
•A new Regulation on assets and liabilities of Insurance Corporations
•A new Regulation on high frequency data on money market activity (MMSRR)
•The development of an “Analytical Credit dataset” (AnaCredit) across the ESCB
•the provision of necessary data for the ECB’s financial stability analysis of the euro area and to cover the European Systemic Risk Board (ESRB) needs
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