Opinion of the European Central Bank of 19 May 2016 on an integrated data model regulation (CON/2016/29)
Date: 2016-05-19
Institutions: European Central Bank
Subjects: Austria, data collection, electronic document management, financial stability, report, statistics

EN 

ECB-PUBLIC 

OPINION OF THE EUROPEAN CENTRAL BANK 

of 19 May 2016 

on an integrated data model regulation 

(CON/2016/29) 

Introduction and legal basis 

On  18  April  2016  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  (TFEU)  and  on  the  third,  fourth  and  sixth  indents  of  Article  2(1)  of 
Council  Decision  98/415/EC2,  as  the  draft  regulation  relates  to  the  OeNB,  the  collection  of  financial 

statistics  and  financial  stability.  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  44d  of  the  Federal  Act  on  the  Oesterreichische  Nationalbank  (hereinafter  the  ‘OeNB  Act’) 

entitles  the  OeNB  to  prescribe  the  use  of  a  technical  reporting  format  (i.e.  an  integrated  data 

model)  that  enables  reporting  agents  to  submit  reports,  which  they  are  required  to  submit  to  the 
OeNB, in a standardised electronic format3. 

1.2  The  draft  regulation  will  replace  the  existing  integrated  data  model  regulation4,  which  reporting 

agents, mainly credit institutions, must comply with when reporting data to the OeNB. Reports that 

comply  with  the  draft  regulation  must  be  submitted  to  the  OeNB  electronically,  and  must  contain 

data  that  is  broken  down  according  to  the  transaction  types  (reporting  concepts),  attributes  and 

value types specified and described in the annexes to the draft regulation. 

1.3  The main purpose of the draft regulation is to add technical reporting formats for financial stability-

relevant  data  on  an  unconsolidated  basis.  The  reporting  format  relates  to  data  which  must  be 

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Verordnung der OeNB betreffend die Übermittlung von Meldedaten an die OeNB unter Anwendung eines Datenmo-
dells (Datenmodellverordnung 2016). 

Council Decision 98/415/EC of 29 June 1998 on the consultation of the European Central Bank by national authori-
ties regarding draft legislative provisions (OJ L 189, 3.7.1998, p. 42). 

This is based on: (a) Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statisti-
cal information by the ECB; (b) Article 6 of the Austrian Foreign Exchange Act 2004; and (c) Articles 44 and 44b(2) 
of the OeNB Act. 

See Opinion CON/2015/27. All ECB opinions are published on the ECB’s website at www.ecb.europa.eu. 

 
 
 
 
                                                 
ECB-PUBLIC 

reported to the OeNB pursuant to the regulation on the reporting of credit risk, country risk, residual 

maturities,  foreign  currency  loans  and  financial  information  concerning  fully  consolidated  foreign 
subsidiaries  of  banks  (FinStab  1/2015)5.  However,  the  reporting  formats  determined  by  the  draft 

regulation do not apply to all data to be reported to the OeNB under FinStab 1/2015. Data on credit 

and  country  risks  at  foreign  bank  subsidiaries  and  consolidated  entities  are  only  subject  to  the 

requirements of FinStab 1/2015 and are not required to also comply with the draft regulation. 

2. 

General observations 

The ECB notes that the draft regulation takes into account current reporting requirements and does not 

require  any  new  data  or  items  to  be  reported.  Furthermore,  the  draft  regulation  incorporates  the  ECB’s 

statistical  reporting  requirements,  since  it  refers  very  explicitly  to  several  ECB  legal  acts.  The  ECB 

welcomes the integration of statistical and financial stability reporting introduced by the draft regulation as 

it aims to limit the burden placed on reporting agents. 

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

Done at Frankfurt am Main, 19 May 2016. 

[signed] 

The President of the ECB 

Mario DRAGHI 

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Meldeverordnung FinStab 1/2015 der OeNB betreffend die Erfassung von Kredit- und Länderrisiken, Restlaufzeiten 
und Fremdwährungskredite sowie Finanzinformationen von Auslandstochterbanken (FinStab 1/2015). In relation to 
FinStab 1/2015, see Opinion CON/2015/30. 

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