Guideline (EU) 2016/66 of the European Central Bank of 26 November 2015 amending Guideline ECB/2013/24 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts (ECB/2015/40)
Date: 2015-11-26
Institutions: European Central Bank
Subjects: account, central bank, data transmission, disclosure of information, euro area, financial statistics




L_2016014EN.01003601.xml










21.1.2016   


EN


Official Journal of the European Union


L 14/36








            GUIDELINE (EU) 2016/66 OF THE EUROPEAN CENTRAL BANK
         
of 26 November 2015
         
amending Guideline ECB/2013/24 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts (ECB/2015/40)


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 Article 5.1 and 5.2, and Articles 12.1 and 14.3 thereof,

Whereas:







(1)


The reduction of the reporting period for supplementary data by three days, due to apply from the first transmission in 2017 under Guideline ECB/2013/24 (1), will not now be necessary due to changes in the Governing Council's meeting schedule. For greater efficiency, decisions on reducing reporting periods to take account of possible future schedule changes should be delegated to the Executive Board, which must take into account the view of the Statistics Committee (STC).












(2)


In addition, the supplementary data requirements laid down in Guideline ECB/2013/24 need to be modified to include loans between non-financial corporations, on a voluntary basis, in order to enhance the coverage and quality of the euro area aggregates.












(3)


Therefore, Guideline ECB/2013/24 should be amended accordingly,





HAS ADOPTED THIS GUIDELINE:



Article 1

Amendments

Guideline ECB/2013/24 is amended as follows:






1.


in Article 2, paragraph 2 is replaced by the following:

‘2.   The “supplementary data” requirements shall cover transactions and stocks for the period from the last quarter of 2012 up to the reference quarter. Such supplementary data are to be reported on a best estimate basis. The supplementary data requirements specified in columns “H”, “H.1” and “H.2” of Tables 1, 2, 4 and 5 of Annex I (supplementary data referring to the government sector and its sub-sectors), and in column “B”, rows 3 and 13, of Tables 4 and 5 of Annex I (supplementary data referring to loans between non-financial corporations) are to be reported on a voluntary basis.’;











2.


in Article 4, paragraph 1 is replaced by the following:

‘1.   The “supplementary data” described in Article 2(2) shall be reported to the ECB within a period that shall not exceed 85 calendar days following the end of the reference quarter. The Executive Board may reduce this deadline to 82 days, if appropriate, taking into account the views of the STC. The Executive Board shall inform the Governing Council of its decision without undue delay. The ECB shall announce any change in the reporting period at least one year ahead of the implementation date.’;











3.


Annex I is amended in accordance with the Annex to this Guideline.






Article 2

Taking effect and implementation


1.   This Guideline shall take effect on the day of its notification to the national central banks of the Member States whose currency is the euro.


2.   The Eurosystem central banks shall comply with this Guideline from 1 January 2016.



Article 3

Addressees

This Guideline is addressed to all Eurosystem central banks.




Done at Frankfurt am Main, 26 November 2015.


For the Governing Council of the ECB


The President of the ECB

Mario DRAGHI
            





(1)  Guideline 2014/3/EU of the European Central Bank of 25 July 2013 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts (ECB/2013/24) (OJ L 2, 7.1.2014, p. 34).




ANNEX
Annex I to Guideline ECB/2013/24 is amended as follows:






1.


The table ‘Summary of data requirements’ is replaced by the following:

‘Summary of data requirements















Article


Content


Tables


Data type


Reference period


1st Reporting date


Timeliness


Observations




Stocks


Transactions


Other changes in volume





2.2

4.1


Supplementary data; black shaded cells only









T1


–


assets




T2


–


liabilities




T4


–


short-term loans (w-t-w)




T5


–


long-term loans (w-t-w)






✓


✓


 


2012 Q4 onwards


Sep 2014


t + 85








—


Best estimates










—


Black shaded cells in columns H, H.1 and H.2 on a voluntary basis










—


Black shaded cells in column B, rows 3 and 13, of T4 and T5 on a voluntary basis









2.3(a)

2.5
3.2
3.3(a), (b)
4.2


National data; all cells









T1


–


assets




T2


–


liabilities




T3


–


deposits (w-t-w)




T4


–


short-term loans (w-t-w)




T5


–


long-term loans (w-t-w)






✓


✓


✓


2012 Q4 onwards


Sep 2014


Until December 2016: t + 100








—


Accompanied by metadata










—


data in rows 12-21 of T3-T5 to be adjusted to reflect euro area composition; best estimate basis










—


data in rows 12-21 of T3-T5 not to be published








From March 2017 onwards: t + 97





2.3(b)

2.5
3.2
3.3(c)
4.2


National data; all cells









T1


–


assets




T2


–


liabilities




T3


–


deposits (w-t-w)




T4


–


short-term loans (w-t-w)




T5


–


long-term loans (w-t-w)






✓


✓


 


1999 Q1–2012 Q3


Sep 2017


Until December 2016: t + 100








—


Best estimates










—


columns J, K of T1 and T2 on a voluntary basis










—


Accompanied by metadata










—


data in rows 12-21 of T3-T5 to be adjusted to reflect euro area composition; best estimate basis










—


data in rows 12-21 of T3-T5 not to be published








From March 2017 onwards: t + 97





2.4

2.5
3.2
3.3(a), (b)
4.2


National data; all cells









T6


–


short-term debt securities (w-t-w)




T7


–


long-term debt securities (w-t-w)




T8


–


listed shares (w-t-w)




T9


–


investment fund shares (w-t-w)






✓


✓


✓


2013 Q4 onwards


Sep 2015


Until December 2016: t + 100








—


Accompanied by metadata










—


data in rows 12-21 to be adjusted to reflect euro area composition; best estimate basis










—


data in rows 12-21 of T3-T5 not to be published’;








From March 2017 onwards: t + 97














2.


Tables 4 and 5 are replaced by the following:

‘Table 4


Short-term loans (F.41)
 (1)




















 


A


B


C


D


E


F


G


H


H.1


I




 


Creditor sector
Debtor sector


 


Residents




Total


Non-financial corporations (S.11)


MFIs (2) (S.121 + … + S.123)


Non-MMF (3) investment funds (S.124)


Other financial institutions (S.125 + … + S.127)


Insurance corporations (S.128)


Pension funds (S.129)


General government


Households, including NPISHs (4) (S.14 + S.15)




Total (S.13)


Central government (S.1311)




 


 


 




1


Total (S.1)


 


 


 


 


 


 


 


 


 


 


 




2


 


Total (S.1)


 


 


 


 


 


 


 


 


 


 




3


Residents


S.11


 


 


 


 


 


 


 


 


 


 




4


S.121 + … + S.123


 


 


 


 


 


 


 


 


 


 




5


S.124


 


 


 


 


 


 


 


 


 


 




6


S.125 + … + S.127


 


 


 


 


 


 


 


 


 


 




7


S.128


 


 


 


 


 


 


 


 


 


 




8


S.129


 


 


 


 


 


 


 


 


 


 




9


S.13


 


 


 


 


 


 


 


 


 


 




10


S.14 + S.15


 


 


 


 


 


 


 


 


 


 




11


 


Total (S.2)


 


 


 


 


 


 


 


 


 


 




12


Non-residents


 


Total (S.1)


 


 


 


 


 


 


 


 


 


 




13


Euro area other than domestic


S.11


 


 


 


 


 


 


 


 


 


 




14


S.121 + … + S.123


 


 


 


 


 


 


 


 


 


 




15


S.124


 


 


 


 


 


 


 


 


 


 




16


S.125 + … + S.127


 


 


 


 


 


 


 


 


 


 




17


S.128


 


 


 


 


 


 


 


 


 


 




18


S.129


 


 


 


 


 


 


 


 


 


 




19


S.13


 


 


 


 


 


 


 


 


 


 




20


S.14 + S.15


 


 


 


 


 


 


 


 


 


 




21


Residents outside the euro area


 


 


 


 


 


 


 


 


 


 








Table 5


Long-term loans (F.42)
 (5)




















 


A


B


C


D


E


F


G


H


H.1


I




 


Creditor sector
Debtor sector


 


Residents




Total


Non-financial corporations (S.11)


MFIs (6) (S.121 + … + S.123)


Non-MMF (7) investment funds (S.124)


Other financial institutions (S.125 + … + S.127)


Insurance corporations (S.128)


Pension funds (S.129)


General government


Households, including NPISHs (8) (S.14 + S.15)




Total (S.13)


Central government (S.1311)




 


 


 




1


Total (S.1)


 


 


 


 


 


 


 


 


 


 


 




2


 


Total (S.1)


 


 


 


 


 


 


 


 


 


 




3


Residents


S.11


 


 


 


 


 


 


 


 


 


 




4


S.121 + … + S.123


 


 


 


 


 


 


 


 


 


 




5


S.124


 


 


 


 


 


 


 


 


 


 




6


S.125 + … + S.127


 


 


 


 


 


 


 


 


 


 




7


S.128


 


 


 


 


 


 


 


 


 


 




8


S.129


 


 


 


 


 


 


 


 


 


 




9


S.13


 


 


 


 


 


 


 


 


 


 




10


S.14 + S.15


 


 


 


 


 


 


 


 


 


 




11


 


Total (S.2)


 


 


 


 


 


 


 


 


 


 




12


Non-residents


 


Total (S.1)


 


 


 


 


 


 


 


 


 


 




13


Euro area other than domestic


S.11


 


 


 


 


 


 


 


 


 


 




14


S.121 + … + S.123


 


 


 


 


 


 


 


 


 


 




15


S.124


 


 


 


 


 


 


 


 


 


 




16


S.125 + … + S.127


 


 


 


 


 


 


 


 


 


 




17


S.128


 


 


 


 


 


 


 


 


 


 




18


S.129


 


 


 


 


 


 


 


 


 


 




19


S.13


 


 


 


 


 


 


 


 


 


 




20


S.14 + S.15


 


 


 


 


 


 


 


 


 


 




21


Residents outside the euro area


 


 


 


 


 


 


 


 


 


 










(1)  The data requirements for stocks, transactions and other changes in volume are identical.

(2)  Monetary financial institutions (MFIs; S.121 + S.122 + S.123). According to the ESA 2010 (paragraph 5.118) short-term loans granted to deposit-taking corporations (S.121 + S.122) are to be classified as deposits (F.22 or F.29).

(3)  Money market funds (MMFs; S.123).

(4)  Non-profit institutions serving households (NPISHs; S.15).

(5)  The data requirements for stocks, transactions and other changes in volume are identical.

(6)  Monetary financial institutions (MFIs; S.121 + S.122 + S.123).

(7)  Money market fund (MMF; S.123).

(8)  Non-profit institutions serving households (NPISHs; S.15)’.