Jean-Marc Israël
- 28 April 2017
- OCCASIONAL PAPER SERIES - No. 187Details
- Abstract
- In May 2016 the Governing Council adopted the AnaCredit Regulation ECB/2016/13) providing the legal basis for the European System of Central Banks (ESCB) to collect granular information on loans from banks to corporates and other legal persons based on a core set of harmonised concepts and definitions. Starting with reference data from September 2018, credit institutions in the euro area, and possibly elsewhere in the EU, will report to the ECB via the national central banks (NCBs) individual credit exposures falling within the reporting scope. The reporting framework is the outcome of in-depth discussions within the ESCB involving several rounds of consultations with users, the industry and other stakeholders. As set out in the Regulation, AnaCredit will, already in Stage 1, significantly enhance the value for analysis on credit and credit risk in the euro area by providing detailed, timely and harmonised information on individual exposures to legal entities as counterparts. The new data will be useful for several key tasks of the ESCB for a better analysis of credit distribution to the economy, e.g. for monetary policy analysis and operation (risk and collateral management), financial stability, economic research and statistics. The scope of the project might be further expanded in future stages to cover additional lenders, borrowers and instruments. The purpose of this paper is to reflect and illustrate the methodological work and process leading to the definition of the AnaCredit requirements that were eventually included in the Regulation.
- JEL Code
- E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
E51 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Money Supply, Credit, Money Multipliers
C81 : Mathematical and Quantitative Methods→Data Collection and Data Estimation Methodology, Computer Programs→Methodology for Collecting, Estimating, and Organizing Microeconomic Data, Data Access
E44 : Macroeconomics and Monetary Economics→Money and Interest Rates→Financial Markets and the Macroeconomy
- 25 April 2013
- OCCASIONAL PAPER SERIES - No. 145Details
- Abstract
- Timely and accurate data are key to the preparation of macro-prudential policy recommendations and decisions by the ESRB, as well as to monitoring policy decisions in terms of their impact on, or transmission to, the financial and non-financial economy. This paper illustrates the work that has been carried out by the European Central Bank, the European Systemic Risk Board and the European Supervisory Authorities over a period of more than two years from 2010 to 2012 to prepare, develop, implement and manage the initial set of statistical and supervisory information necessary to support the European Systemic Risk Board, from its inception in January 2011. The paper also touches on the statistical information that is provided to support the financial stability function of the European Central Bank.
- JEL Code
- G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
G22 : Financial Economics→Financial Institutions and Services→Insurance, Insurance Companies, Actuarial Studies
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation
E60 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→General
- 26 July 2007
- OCCASIONAL PAPER SERIES - No. 67Details
- Abstract
- External statistics
- JEL Code
- B41 : History of Economic Thought, Methodology, and Heterodox Approaches→Economic Methodology→Economic Methodology
C13 : Mathematical and Quantitative Methods→Econometric and Statistical Methods and Methodology: General→Estimation: General
C18 : Mathematical and Quantitative Methods→Econometric and Statistical Methods and Methodology: General→Methodological Issues: General
C80 : Mathematical and Quantitative Methods→Data Collection and Data Estimation Methodology, Computer Programs→General
C82 : Mathematical and Quantitative Methods→Data Collection and Data Estimation Methodology, Computer Programs→Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Data Access
E01 : Macroeconomics and Monetary Economics→General→Measurement and Data on National Income and Product Accounts and Wealth, Environmental Accounts
E59 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Other
F15 : International Economics→Trade→Economic Integration
F21 : International Economics→International Factor Movements and International Business→International Investment, Long-Term Capital Movements
F24 : International Economics→International Factor Movements and International Business→Remittances
F33 : International Economics→International Finance→International Monetary Arrangements and Institutions
F49 : International Economics→Macroeconomic Aspects of International Trade and Finance→Other