Opinion of the European Central Bank of 10 August 2015 on the use of an integrated data model for reporting data to the Oesterreichische Nationalbank (CON/2015/27)
Date: 2015-08-10
Institutions: European Central Bank
Subjects: Austria, central bank, disclosure of information, national law, report, statistics

EN 

ECB-PUBLIC 

OPINION OF THE EUROPEAN CENTRAL BANK 

of 10 August 2015 

on the use of an integrated data model for reporting data to the Oesterreichische Nationalbank 

(CON/2015/27) 

Introduction and legal basis 

On  14  July  2015  the  European  Central  Bank  (ECB)  received  a  request  from  the  Oesterreichische 

Nationalbank  (OeNB)  for  an  opinion  on  a  draft  regulation  on  the  use  of  an  integrated  data  model  for 
submitting reports to the OeNB (hereinafter the ‘draft regulation’) 1.  

The ECB’s competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the 

Functioning  of  the  European  Union  and  on  the  third  and  fourth  indents  of  Article  2(1)  of  Council 
Decision 98/415/EC2,  as  the  draft  regulation  relates  to  the  OeNB  and  the  collection  of  balance  of 

payments statistics. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the 

European Central Bank, the Governing Council has adopted this opinion. 

1. 

Purpose of the draft regulation 

1.1  Article  44(d)  of  the  Federal  Act  on  the  Oesterreichische  Nationalbank  entitles  the  OeNB  to 

prescribe the use of a technical reporting format (such as an integrated data model) that enables 

reporting agents to submit required reports to the OeNB in a standardised electronic manner.  

1.2  Through  the  draft  regulation,  the  OeNB  therefore  exercises  its  statutory  right  to  prescribe  an 

integrated  data  model  to  be  used  by  reporting  agents,  who  are  mainly  credit  institutions,  when 

reporting data to the OeNB. Accordingly, the main purpose of the draft regulation is to facilitate the 

submission of standardised electronic reports by reporting agents. It does not define any new data 

or items to be reported. 

1.3  The draft regulation defines the structure and granularity of reports that are to be submitted to meet 

existing  reporting  requirements.  The  data  model  allows  reporting  data  to  be  collected  based  on 

individual  transactions  that  are  mapped  in  a  multi-dimensional  data  matrix  using  descriptive 

attributes.  Reports  based  on  the  draft  regulation  have  to  be  submitted  to  the  OeNB  in  electronic 

form  and  broken  down  according  to  transaction  types,  attributes  and  other  value  types  specified 

1  

2  

Verordnung  der  OeNB  betreffend  die  Übermittlung  von  Meldedaten  an  die  OeNB  unter  Anwendung  eines 
Datenmodells (Datenmodellverordnung). 
Council  Decision  98/415/EC  of  29  June  1998  on  the  consultation  of  the  European  Central  Bank  by  national 
authorities regarding draft legislative provisions (OJ L 189, 3.7.1998, p. 42). 

 
 
 
 
                                                 
ECB-PUBLIC 

and described in its enclosures.  

1.4  The integrated data model will be used for reporting of data on securities 3, loans4 and deposits and 
impersonal  accounts5.  Additionally,  reporting  agents  will  be  required  to  submit  anchor  values  in 

order  to  ensure  reporting  quality.  According  to  the  draft  regulation,  the  OeNB  will  publish  further 

material  relating  to  technical  specifications  and  issues  of  interpretation  on  its  website  so  as  to 

support reporting agents in their application of the integrated data model.   

2. 

General observations 

2.1  The ECB notes that the draft regulation takes into account current reporting requirements and does 

not define any new data or items to be reported. Furthermore, the draft regulation fulfils the ECB’s 

statistical  reporting  requirements,  as  indicated  by  its  references  to  several  ECB  legal  acts.  The 

ECB welcomes the granular, integrated and flexible approach introduced by the draft regulation, as 

it will contribute to minimising the burden on reporting agents.   

This opinion will be published on the ECB’s website. 

Done at Frankfurt am Main, 10 August 2015. 

[signed] 

The President of the ECB 

Mario DRAGHI 

3  
4  
5  

See Article 2 of the draft regulation. 
See Article 5 of the draft regulation. 

See Article 8 of the draft regulation. 

2