- Lenders provide 650,000 UK businesses with £27.5bn in finance through COVID-19 schemes
- UK lenders approve almost 1.5million payment holidays on credit cards and personal loans
- Scope says UK banks to manage through challenging times with regulatory encouragement
- Latest Lloyds Bank Business Barometer says business confidence falls to record low as economic shutdown continues
- Mastercard says 78% of all transactions across Europe are now contactless
- Research indicates 56% of consumers more likely to use contactless as their preferred spending method when thinking about future trips abroad
- Auriga's Mark Aldred comments on the future need for ATMs in the UK expired
- Reinhart appointed as the new Vice President and Chief Economist of the World Bank Group expired
- S&P Global publishes article headed "Islamic Finance And ESG: Sharia-Compliant Instruments Can Put The S In ESG" expired
- High-income households willing to take on riskier post-COVID-19 investments, says GlobalData expired
- Moneyfacts says fixed bond rate gap tumbles as one-year attracts expired
- Northpointe Bank named a top-performing bank in the US again by the ICBA expired
11th February 2020
ECB launches public consultation on a draft Regulation amending the Regulation on monetary financial institution(MFI) balance sheet statistics
The European Central Bank(ECB) is launching a public consultation on a draft Regulation amending the Regulation on monetary financial institution(MFI) balance sheet statistics. The Regulation has been reviewed with the aim of keeping the ECB’s statistics fit for purpose. The review also takes into account an assessment of the relative merits of new requirements against the potential costs to reporting agents.
The principal purpose of MFI balance sheet statistics is to provide policy-makers with a comprehensive and timely picture of monetary developments in the euro area, including the headline series on money and credit presented in the press releases on monetary developments in the euro area.
The draft Regulation amending the Regulation on MFI balance sheet statistics includes additional statistical requirements for the purpose of analysing monetary and credit developments, as well as refinements to some requirements, definitions and reporting derogations where this supports better integration with other statistical datasets.
The ECB consultation is launched this week and runs until 13th March 2020. The outcome will be taken into account when finalising the draft Regulation. The comments received during the consultation, as well as a feedback statement, will be published in the weeks following the consultation.