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In his speech, Mr Lane focuses on the topic of measurement challenges for external statistics. In particular, he has highlighted the role that measurement issues play in determining the analytical value of the statistics on euro area trade and the national accounts.
On the financial side, key issues relate to the changing nature of FDI and to the proper measurement of exposures and risks.
Mr Lane also discusses some of the ongoing initiatives to address these measurement challenges, both at a global and European level. He highlights that further efforts are needed to improve the analytical value of external statistics.
This relates, for instance, to facilitating the sharing of confidential data for statistical purposes across borders and to exploring avenues to collect data on internationally active, large institutions in a centralised way, at the EU rather than national level.
As a long-standing user of external statistics, Mr Lane will closely follow future enhancements to the data on cross-border statistics.