MFI balance sheet and interest rate statistics, securities holdings statistics and implementing technical standards on supervisory reporting : Bridging the reporting requirements : methodological manual third edition

The Joint Expert Group on Reconciliation of credit institutions’ statistical and supervisory reporting requirements (JEGR) was established in June 2008. Its mandate has been renewed twice, in 2010 and 2012. Its sponsors are the ESCB’s Statistics Committee (STC) and Financial Stability Committee (FSC), and the European Banking Authority (EBA). This publication is produced under the third mandate, which is now completed. Based on this methodological manual and the relational database, the JEGR has submitted proposals to its sponsors on how to exploit the links and promote synergies between the different reporting requirements. The aims of the JEGR were to identify and promote common elements in the statistical and revised supervisory reporting frameworks relating to credit institutions (e.g. definitions, concepts, valuation rules, reporting templates) and, where possible, to reconcile them. – Statistical reporting. Monetary financial institutions’ (MFI) balance sheet, interest rate and securities holding statistics (SHS) are designed mainly to provide data for ECB monetary policy purposes. Credit institutions form the largest part of the MFI sector. So far as possible, these statistics conform to international and European statistical standards, currently the European System of Accounts (ESA 2010). The most recent MFI balance sheet and interest rate regulations were adopted in September 2013. The new requirements have to be implemented in 2014. The securities holding statistics regulation dates back to 2012. – Supervisory reporting. The implementing technical standards (ITS) on supervisory reporting (ITS hereinafter) under Regulation (EU) No 575/2013 are the legal basis for supervisory reporting in the EU. The ITS set out reporting requirements relating to financial information compliant with international accounting standards (FINREP), own funds and own funds requirements (COREP), losses stemming from lending collateralised by immovable property, large exposures, leverage ratio, liquidity ratios and asset encumbrance. This manual is based on the version of the ITS on supervisory reporting that was adopted by the European Commission on 16 April 2014.4 Please note that the standards relating to asset encumbrance, non-performing exposures and forborne exposure have not been adopted by 30 April 2014 and should therefore be considered as drafts. Please also note that this ITS regulation generally applies from 1 January 2014 (with exceptions for some articles) and it shall enter into force on the day following its publication in the Official Journal of the European Union (expected by mid-June 2014)