This second edition includes further enhancements and updates a series of reconciliation proposals which are in the process of being implemented. These efforts will help further streamline the reporting by entities that are required to deliver data to the Eurosystem as well as to supervisory authorities. The classification system also facilitates a better understanding of the links between different data frameworks, and creates synergies between datasets originally designed for different purposes.
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, COREP and Large Exposures) developed by the EBA. The second element is a database that aims to help reporting agents and other users to identify similarities and differences between data for ECB statistical purposes and data for financial supervisors in the context of the EBA framework.
The classification system was prepared by the Joint Expert Group on Reconciliation of credit institutions’ statistical and supervisory reporting requirements (JEGR), established jointly by the European System of Central Banks’ (ESCB) Statistics Committee and Financial Stability Committee together with the EBA.
The ECB and the EBA will continue to maintain and further enhance the classification system over time, in particular in view of forthcoming amendments to the FINREP, COREP and Large Exposures templates, as well as potentially relevant changes to the ECB statistical reporting framework.
Press release
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