ECB Consults on Changes to Regulation on MFI Balance Sheet Statistics
ECB published a draft regulation that amends Regulation (EU) No 1071/2013 on monetary financial institution (MFI) balance sheet statistics. The draft regulation includes additional statistical requirements for analyzing monetary and credit developments as well as refinements to some requirements, definitions, and reporting derogations where this supports better integration with other statistical datasets. The consultation runs until March 13, 2020.
The principal purpose of the MFI balance sheet statistics is to provide policy makers with a comprehensive and timely picture of monetary developments in the euro area. The regulation has been reviewed with the aim of keeping the statistics of ECB fit for purpose. The review also takes into account an assessment of the relative merits of new requirements against the potential costs to reporting agents. Statistical information on securitizations and other transfers by MFIs is necessary for ECB to effectively monitor the conditions of credit in the real economy. To ensure the timely analysis of credit and its role as counterpart to the monetary aggregates, the collection of such statistical information should be on a monthly basis, including for loans to households broken down by purpose and loans to non-financial corporations broken down by maturity.
Related Links
Keywords: Europe, EU, Banking, Securities, Securitization, Reporting, Statistics, Statistical Reporting, MFI, ECB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
EBA Does Not Object to Proposed Macro-Prudential Measure by DNBRelated Articles
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
UK Authorities Issue Regulatory and Reporting Updates for Banks
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
BCBS Issues Climate Risk Principles while HKMA Expresses Its Support
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.
