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2.2 Economic accounts (ECB)
Economic accounts

• Support Eurostat in and contribute to the revision of the European System of Accounts (ESA), which is implementing the reviewed international statistics standards, such as the 2008 SNA and the sixth edition of the Balance of Payments Manual, at the European level.

• Further develop the full system of quarterly integrated accounts by institutional sector for the euro area (the area formed by those EU Member States whose currency is the euro), also aiming at further enhancing the consistency between different statistics and its timeliness. These euro area accounts are prepared by the ECB and the National Central Banks of those European Union Member States whose currency is the euro (Eurosystem), together with Eurostat and the national statistical institutes. The sectors covered are non-financial corporations, financial corporations, government, households and the rest of the world.

• Contribute to the development of international statistics standards through, for example, the development of the third part of the BIS-ECB-IMF Handbook on Securities Statistics and (ii) an active participation in the Advisory Expert Group on National Accounts, which following the revision of 2008 SNA, is in charge of the long-term Research Agenda.

2.3 Business statistics (ECB)
In close cooperation with Eurostat:

• Compilation of euro area business demography indicators.

Jointly with the EU Commission (DG Enterprise and Industry):

• Continue the compilation of statistics on access to finance, including small and medium-sized enterprises. Comprehensive surveys are run every two years in cooperation with the European Commission, and part of the survey, focusing on issues of conjunctural relevance, is run by the ECB every six months.

2.4 Sectoral statistics (ECB)
2.4.6 Banking, insurance, financial statistics (ECB)
• Further enhance the framework for the collection of harmonised statistics on depository corporations' (Monetary Financial Institutions) consolidated balance sheets and interest rates.

• Complete the framework for the collection of harmonised statistics on other financial intermediaries, further enhancing the regular production and publication of monthly and quarterly statistics on assets and liabilities of investment funds and prepare for the regular publication of new quarterly statistics on the assets and liabilities of financial vehicle corporations (securitisation vehicles) and credit institutions' loan securitisations.

• Continue the collection of available data on assets and liabilities of insurance corporations and pension funds and prepare for the publication of quarterly, timelier and detailed euro area statistics for this sub-sector. Further set up a harmonised framework for these statistics in close cooperation with European and national supervisory authorities to minimise reporting burden.

• Enhance the statistics on securities, improved recording of securities for general statistical purposes through implementation of the Centralised Securities Database (CSDB), phase 2 of which went live in spring 2009. The CSDB also supports the compilation of external statistics, investment fund statistics, the residual maturity of government finance statistics and new statistics on securitisation vehicles.

• Develop a methodological framework for the collection of harmonized and complete security-by-security statistics on (standard and asset-backed) securities holdings and in the interim, maintain an experimental dataset.

• Further enhance the statistical indicators measuring the degree of financial integration and financial development in the main financial markets of the euro area, namely the money, bond, equity and banking markets.

• Develop further the statistical framework for financial stability analysis and compile more harmonised, timelier and more detailed data sets on banking, insurance and on securities and financial markets to support the European Systemic Risk Board (ESRB) as well as the ECB's own financial stability assessments. Contribute to the further development of macro-prudential and structural banking indicators.

• Develop and implement a reconciliation, to the extent possible, between statistical and supervisory data reporting frameworks - focusing initially on banks - so as to reduce the reporting burden and improve data quality and consistency.

• Extend the scope of financial market statistics on prices and volumes, e.g. the published euro area yield curves and short-term European paper market statistics; develop a filtering of other financial markets data. Implement probability density functions to support analysis of markets expectations on leading market indicators, such as 3-month Euribor or main stock exchanges.

• Monitoring financial innovation to assess its impact on data requirements and data availability.

• 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.

2.5 Government finance, fiscal and public sector statistics (ECB)
• Continue improving the quality of quarterly data on euro area government deficit, debt and the deficit-debt adjustment.

• Continue improving the quality of annual government finance statistics and of the metadata information on revisions and deficit-debt adjustments.

• Carry out methodological work on the recording of the government interventions to support financial markets and institutions and their impact on the government deficit and debt figures.

• Compilation of euro area government employment schemes.

2.6 International trade and balance of payments and international investment position (ECB)
• Continue compiling euro area b.o.p. and i.i.p. statistics, and the Eurosystem's international reserves, including external debt and seasonally adjusted main components of the current account.

• Provide contribution to the compilation of the rest-of-the-world sector in the quarterly euro area sector accounts.

• In cooperation with Eurostat and the Working Group on External Statistics, design ECB requirements in line with the new international standards in the field of external statistics (namely the 6th edition of the Balance of Payments and International Investment Position Manual (BPM6) and the OECD Benchmark definition of Foreign Direct Investment).

• Continue monitoring the quality of the output in b.o.p. and i.i.p. statistics, both in terms of qualitative assessment and quantitative indicators. Annual data quality reports on the euro area b.o.p. / i.i.p. are published on the ECB's web site.

• Continue compiling data on the international role of the euro as an investment, invoicing and reserve currency.

• Further improve the consistency, accuracy and analytical value of statistics on securities and portfolio investment through the enhancement of security-by-security data collection models, also based on a Centralised Securities Database (CSDB).

• Further harmonise and improve the statistics on Foreign Direct Investment (joint ECB/Eurostat project on FDI production network).

2.7 Prices (ECB)
• Seasonal adjustment of the Harmonised Index of Consumer Prices.
• Publication of quarterly euro area and selected national residential property price indices.
• Methodological work towards the compilation of a euro area commercial property price index.
• Compilation of various euro area commodity price indices.

In close cooperation with Eurostat:
• Actively contribute to the further development and harmonisation of prices and costs statistics produced by the European Statistical System.

2.8 Labour cost (ECB)
• Compilation of the euro area negotiated wages indicator.