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The European Central Bank (ECB) and the Committee of European Banking Supervisors (CEBS) have today published a new classification system aimed at reducing over time the reporting burden placed on entities that are required to deliver data to the Eurosystem as well as to supervisory authorities. The classification system is composed of two elements. The first element is a bridging manual linking the ECB’s monetary and financial statistics requirements with the supervisory reporting templates (FINREP and COREP) developed by CEBS. The second element is a database that will help reporting agents and other users identify the similarities and differences between data for ECB statistical purposes and data for financial supervisors in the context of the CEBS framework. The relational database is...
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