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=E2=80=A2 Support Eurostat in and contribute to the revision of the Euro=
pean System of Accounts (ESA 95), which is implementing the reviewed intern=
ational statistics standards, such as the 2008 SNA and the sixth edition of=
the Balance of Payments Manual, at the European level.
=E2=80=A2 Fur= ther develop the full system of quarterly integrated accounts by institutio= nal sector for the euro area, also aiming at further enhancing the consiste= ncy between different statistics. These euro area accounts are prepared by = the Eurosystem together with Eurostat and the national statistical institut= es. The sectors covered are non-financial corporations, financial corporati= ons, government, households and the rest of the world.
=E2=80=A2 Cont= ribute to the development of international statistics standards through, fo= r example, the development of the second part of a Handbook on Securities S= tatistics together with the IMF and the BIS and (ii) an active participatio= n in the Advisory Expert Group on National Accounts, which following the re= vision of 2008 SNA, is in charge of the long-term Research Agenda.
= =E2=80=A2 Develop as member of the Inter-Agency Group on Economic and Finan= cial Statistics an Action Plan on Statistics to be submitted to the G-20 Mi= nisters of Finance and Central Bank Governors.
Euro Area Non-Financia= l Sector Accounts (QSA)
=E2=80=A2 Continue work to further improve th= e current timeliness of 120 days, with a final aim to achieve a timeliness = of slightly below 90 days.
=E2=80=A2 Continue work on their further i= ntegration with the quarterly financial accounts for the euro area
Euro Area Financial Accounts=20
=E2=80=A2 Continue work to further improve the current timeliness of 120=
days, with a final aim to achieve a timeliness of slightly below 90 days.<=
br /> =E2=80=A2 Continue work to further integrate quarterly financial and =
non-financial sector accounts for the euro area.
=E2=80=A2 Publish a = manual on sources and methods for quarterly financial accounts for the euro= area and euro area countries.
=E2=80=A2 Compilation of euro area business demography indicators.= =20
=E2=80=A2 Continue the compilation of statistics on access to finance, i= ncluding small and medium-sized enterprises. Comprehensive surveys will be = run every two years in cooperation with the European Commission, and part o= f the survey, focusing on issues of conjunctural relevance, will be run by = the ECB every six months.=20
2.4.6 Banking, insurance, financial statistics
=E2=80=A2 Further enhance the framework for the collection of harmonised=
statistics on depository corporations' (Monetary Financial Institutions) c=
onsolidated balance sheets and interest rates.
=E2=80=A2 Complete the= framework for the collection of harmonised statistics on other financial i= ntermediaries, starting production of statistics on assets and liabilities = of investment funds and further implementing new statistics on financial ve= hicle corporations (securitisation vehicles) and credit institutions' secur= itisation.
=E2=80=A2 Continue the collection of available data on ass= ets and liabilities of insurance corporations and pension funds and compile= more timely and detailed euro area statistics for this sub-sector. Start s= etting up a harmonised framework.
=E2=80=A2 Enhance the statistics on= securities, improved recording of securities for general statistical purpo= ses through implementation of the Centralised Securities Database.
= =E2=80=A2 Develop a methodological framework for the collection of statisti= cs on (standard and asset-backed) securities holdings.
=E2=80=A2 Furt= her enhance the statistical indicators measuring the degree of financial in= tegration and financial development in the main financial markets of the eu= ro area, namely the money, bond, equity and banking markets.
=E2=80= =A2 Develop further the statistical framework for financial stability analy= sis and compile more harmonised data sets to support the future European Sy= stemic Risk Board. Contribute to the further development of macro-prudentia= l and structural banking indicators.
=E2=80=A2 Develop and implement = a reconciliation, to the extent possible, between statistical and superviso= ry data reporting frameworks- focusing initially on banks - so as to reduce= the reporting burden and improve data quality and consistency.
=E2= =80=A2 Extend the scope of financial market statistics on prices and volume= s, e.g. the published euro area yield curves and short-term European paper = market statistics; develop a filtering of other financial markets data.
=E2=80=A2 Monitoring financial innovation to assess its impact on data r= equirements and data availability.
=E2=80=A2 Develop a methodological= framework for the collection of statistics on credit risk transfer (CRT) a= nd, more widely, statistics necessary in response to the financial crisis. = Continue the development of additional CRT statistics based on readily avai= lable data sources.
=E2=80=A2 Investigate the use of existing credit= registers and other available loan-by-loan data sets to provide additional= breakdowns for existing statistics and/or for developing new statistics.= p>
=E2=80=A2 Continue improving the quality of quarterly figures of euro ar=
ea government deficit, debt and the deficit-debt adjustment.
=E2=80= =A2 Continue improving the quality of annual government finance statistics = and of the metadata information on revisions and deficit-debt adjustments.<= br /> =E2=80=A2 Carry out methodological work on the recording of the gover= nment interventions to support financial markets and institutions and their= impact on the government deficit and debt figures.
=E2=80=A2 Support= Eurostat in the update of the Manual on Government Deficit and debt.
= =E2=80=A2 Compilation of euro area government employment schemes.
=E2=80=A2 Continue compiling euro area b.o.p. and i.i.p. statistics, inc=
luding breakdowns and back data for analytical purposes. Provide contributi=
on to the compilation of the rest-of-the-world sector in the quarterly euro=
area sector accounts.
=E2=80=A2 Contribute substantially to the impl= ementation of international standards in the field of external statistics (= namely the updates of the Balance of Payments Manual and the OECD Benchmark= definition of Foreign Direct Investment) by participating in the various t= echnical experts groups.
=E2=80=A2 Continue monitoring the quality of= the output in balance of payments (b.o.p.) and international investment po= sition (i.i.p.) statistics, both in terms of qualitative assessment and qua= ntitative indicators. Annual data quality reports on the euro area b.o.p. /= i.i.p. are published on the ECB's web site. Publish data according to new = methodology enhancing the internal consistency of the euro area b.o.p.
=E2=80=A2 Continue compiling data on the international role of the euro a= s an investment, invoicing and reserve currency.
=E2=80=A2 Further im= prove the consistency, accuracy and analytical value of statistics on secur= ities and portfolio investment through the enhancement of security-by-secur= ity data collection models, also based on a Centralised Securities Database= (CSDB).
=E2=80=A2 Further harmonise and improve the statistics on Fo= reign Direct Investment (joint ECB/Eurostat project on FDI production netwo= rk).
=E2=80=A2 Update of the document "B.o.p. and i.i.p. statist= ical methods for the European Union".
=E2=80=A2 Publication of a euro area residential property price index. =E2=80=A2 Compilation of euro area commodity price indices.
=E2= =80=A2 Seasonal adjustment of the Harmonised Index of Consumer Prices.
In close cooperation with Eurostat:
=E2=80=A2 Act= ively contribute to the further development and harmonisation of prices and= costs statistics produced by Eurostat and the National Statistical System.=
=E2=80=A2 Compilation of the euro area negotiated wages indicator.= =20
=E2=80=A2 Methodology and organisation of euro area household sample sur= veys addressing requirements for micro-data on household finance and consum= ption.=20
=E2=80=A2 Methodology and organisation of sample surveys including sampl= e designs addressing requirements for access to finance, focusing on small = and medium-sized enterprises.=20
=E2=80=A2 Assess and respond to the potential statistical implications o= f the implementation of international financial reporting and supervisory s= tandards in Europe.=20
=E2=80=A2 Further develop the Statistical Data Warehouse, a user-friendl=
y and comprehensive online data delivery service for ESCB statistics throug=
h the ECB's website.
=E2=80=A2 Implement SDMX web services standards = for facilitating the integration of ECB data into user applications.
= =E2=80=A2 Continue expanding the framework for a joint and simultaneous dis= semination of euro area aggregates and all national contributions to these = aggregates on the ECB's website and on the websites of euro area NCBs (in t= heir own languages).
=E2=80=A2 Organise meetings and provide secretariat support for the work=
of the Statistics Committee of the European System of Central Banks (ESCB)=
and its working groups. The Statistics Committee co-ordinates the statisti=
cal activities of the ESCB.
=E2=80=A2 Continue work with the NCBs of = the non-euro area Member States to prepare for future enlargements of the e= uro area. This includes ensuring the provision of: i) high quality data nee= ded to examine the convergence achieved; ii) the wide range of data for whi= ch the ECB is primarily responsible from the date those countries join the = euro area, and iii) the adequate transmission of relevant back data by all = EU Member States to compile sufficiently long time series for any enlarged = euro area.
=E2=80=A2 Contribute substantially to the work of the Comm= ittee on Monetary, Financial and Balance-of-payments statistics (CMFB), par= ticularly concerning the statistics in the context of the excessive deficit= procedure.
=E2=80=A2 Co-ordinate the ESCB statistical activities and= cooperate with Eurostat and other international organisations to improve t= he quality of European statistics.
Further implementation of the ECB Statistics Quality framework=
=E2=80=A2 Monitor and ensure adherence to the quality assura= nce procedures and quality principles stated in the ECB Statistics Quality = Framework (SQF), which guides the statistical function of the European Cent= ral Bank (ECB). The SQF is fully in line with and builds upon the ESCB's pu= blic commitment with respect to its statistical function.
=E2=80=A2 Continue organising training activities on statistics for staf= f of the ECB, the National Central Banks of the European Union (EU) and the= countries preparing the accession to the EU. The topics relate to the ECB = relevant statistical fields (e.g. monetary and financial statistics; balanc= e of payments/international investment position statistics; financial accou= nts; statistical data exchange and SDMX standards, etc.).=20