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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 runs until 13 March 2020.