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    ECB Consults on Changes to Regulation on MFI Balance Sheet Statistics

    February 10, 2020

    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.

     

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    Keywords: Europe, EU, Banking, Securities, Securitization, Reporting, Statistics, Statistical Reporting, MFI, ECB

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