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11th February 2020
ECB launches public consultation on a draft Regulation amending the Regulation on monetary financial institution(MFI) balance sheet statistics
The European Central Bank(ECB) is launching a public consultation on a draft Regulation amending the Regulation on monetary financial institution(MFI) balance sheet statistics. The Regulation has been reviewed with the aim of keeping the ECB’s statistics 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.
The principal purpose of MFI balance sheet statistics is to provide policy-makers with a comprehensive and timely picture of monetary developments in the euro area, including the headline series on money and credit presented in the press releases on monetary developments in the euro area.
The draft Regulation amending the Regulation on MFI balance sheet statistics includes additional statistical requirements for the purpose of analysing 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 ECB consultation is launched this week and runs until 13th March 2020. The outcome will be taken into account when finalising the draft Regulation. The comments received during the consultation, as well as a feedback statement, will be published in the weeks following the consultation.