ContentsEuropean Central Bank

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ContentsEuropean Central Bank

Official Journal of the European UnionEN26.9.2003 L 241/1

EUROPEAN CENTRAL BANK GUIDELINE OF THE EUROPEAN CENTRAL BANK of 6 February 2003 concerning certain statistical reporting requirements of the European Central Bank and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics (ECB/2003/2) (2003/652/EC) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank and in particular to Article 5.1, Article 12.1 and Article 14.3 thereof,

Whereas:

(1) Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector (1 ), as amended by Regulation ECB/2002/8 (2 ), provides that, for the purposes of the regular production of the said consolidated balance sheet, the monetary financial institutions (MFIs) which are part of the actual reporting population shall report statistical information relating to their balance sheets to the national central bank (NCB) of the Member State in which they are resident. It is therefore necessary to define the formats and procedures that the NCBs must follow in order to report to the European Central Bank (ECB), in compliance with Regulation ECB/2001/13, statistical information derived from that collected from the actual reporting population and from their own balance sheets. For statistical reporting purposes, the ECB derives data from its own balance sheet, corresponding to the data derived by the NCBs from their balance sheets. The monetary aggregates calculated by the ECB may include deposit liabilities and close substitutes for deposit liabilities issued by the central government. It is also necessary to define formats and procedures for the regular production of the flows statistics derived from the consolidated balance sheet of the MFI sector and from additional information from the NCBs.

(2) Since the adoption of Guideline ECB/2002/5 of 30 July 2002 concerning certain statistical reporting requirements of the European Central Bank and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics (3 ), the exchange of statistical information within the Eurosystem has developed significantly, due to the entry into force of Regulation ECB/2001/13 and Regulation ECB/2001/18 of 20 December 2001 concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (4 ). It is therefore necessary to update the annexes to Guideline ECB/2002/5 by means of the present Guideline.

(3) The ECB, in cooperation with the NCBs, identifies and records the features of e-money schemes in the European Union (EU), the availability of the statistical information concerned and the compilation methods related to it.

(4) Supplementary data on the credit institutions' balance sheets and other structural indicators concerning the banking system are necessary for the conduct of macro-prudential and structural analysis at European level.

(5) Supplementary data relating to other financial intermediaries, except insurance corporations and pension funds (hereinafter `OFIs') are necessary in order to complete the statistical picture of the euro area. Indeed, activities undertaken by OFIs are similar and complementary to those undertaken by MFIs and, in particular, given that for ECB statistical purposes balance sheet data on OFIs totally or partially owned by MFIs are not included in the MFIs' balance sheets, it is important to collect these data. In this area the ECB follows for the time being a short-term approach consisting of compiling statistics using information available at national level.

(1 ) OJ L 333, 17.12.2001, p. 1.

(2 ) OJ L 330, 6.12.2002, p. 29.

(3 ) OJ L 220, 15.8.2002, p. 67.

(4 ) OJ L 10, 12.1.2002, p. 24.

Official Journal of the European UnionEN 26.9.2003L 241/2 (6) Supplementary data on the sales/transfers of MFI loans to third parties (securitisation) are necessary to monitor the possible impact of these developments on the loans granted by credit institutions to the other resident sectors. Sales/transfers of MFI loans to third parties may reduce the amounts reported by MFIs without effectively affecting the financing of the other resident sectors.

(7) The ECB may act as a gateway for the NCBs to transmit supplementary money and banking statistics to the IMF.

(8) Certain common rules have to be set for the publication, by the NCBs, of statistical information concerning the consolidated balance sheet of the MFI sector in order to ensure an orderly release of the related key market sensitive aggregates.

(9) Regulation ECB/2002/13 provides that the statistical information reported by credit institutions in accordance with its rules shall be used to calculate the reserve base in accor...

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