REPORT 2013 |PRODUCTS AND SERVICES OF THE EUROPEAN …€¦ · 1 eccbso presentation index. 2.questionnaire approach 3.european cbsos 3.1 characterization ofcbsos 3.2 cbsos databases

REPORT 2013 | PRODUCTS AND SERVICES OF THE EUROPEAN CBSOs

APRIL 2013

1European Committee of Central Balance‐Sheet Data Offices

ECCBSO

EUROPEAN COMMITTEE OF CENTRAL BALANCE‐SHEET DATA OFFICES

Banca d’Italia

APRIL 2013

Banca d’Italia

Banca Naţională a României

Banka Slovenije

Banco de España

Banco de PortugalBanco de Portugal

Bank of England

Banque de France

Banque Nationale de Belgique

Central Bank of Ireland

Centraal Bureau voor de Statistiek - Netherlands

Cerved Group spa – Centrale dei Bilanci

Česká Národní banka

Danmarks Statistik

Danmarks NationalBank

Deutsche Bundesbank

European Central Bank

Národná banka Slovenska

Narodowy Bank Polski

Oesterreichischen Nationalbank

STATEC – Luxembourg

Statistiska centralbyråns - Sweden

2

Tilastokeskus - Statistikcentralen

Τράπεζα της Ελλάδος

EUROPEAN COMMITTEE OF CENTRAL BALANCE‐SHEET DATA OFFICES | report

1 ECCBSO PRESENTATION

INDEX

1. ECCBSO PRESENTATION

2. QUESTIONNAIRE APPROACH

3 EUROPEAN CBSO3. EUROPEAN CBSOs

3.1 CHARACTERIZATION OF CBSOs

3 2 CBSO DATABASES3.2 CBSOs DATABASES

3.3 CBSOs PRODUCTS AND SERVICES (P&S)

3 4 FUTURE CBSO PRODUCTS AND SERVICES (P&S)

3

3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S)

3.5 SUMMARY



INDEX








4


3.5 SUMMARY

European Committee of Central Balance‐Sheet Data Offices

ECCBSOECCBSO PRESENTATION

The European Committee of Central Balance‐Sheet Data Offices (ECCBSO) is an informal body whose members consist of experts either from the Central

Balance‐Sheet Data Offices belonging to or associated with the National Central Banks (NCB) of the European Community, or from National Statistical Institutes.

The main task of the ECCBSO is to improve the analysis of Non‐financial corporate enterprises data through the exchange of information and joint studies, on the

basis of the work carried out by the national central balance‐sheet data offices which collect, store and diffuse descriptive and accounting firm data, and starting

from these information, they develop economic and financial research.from these information, they develop economic and financial research.

The structure of the ECCBSO is the following:

ECCBSOEuropean Committee of Central Balance‐Sheet Data Offices

ECCBSO

CHAIRMAINSHIP

MEMBERS

BANCO DE ESPAÑA (from November 2010 until November 2013)

PERMANENT OBSERVERS

Banca d'Italia | Banco de Portugal | Banco de España | Bank of England | Bank of Greece | Banque de France | Banque Nationale de Belgique – Nationale Bank van België | Central Bank of Ireland | Cerved Group spa ‐Centrale dei Bilanci | Czech National Bank | Danmarks NationalBank | Deutsche Bundesbank | EuropeanCentral Bank | National Bank of Poland | National Bank of Romania | National Bank of Slovakia | NationalB k f Sl i | O i hi h N i lb k | STATEC L b | S i i Fi l d | S i i

OBSERVERS

European Commission IFRS Foundation

5

REPORT 2013 | Products and Services of the European CBSOs

Bank of Slovenia | Oesterreichische Nationalbank | STATEC – Luxembourg | Statistics Finland | StatisticsNetherlands | Statistics Sweden | Statistics Denmark

April 2013



E ropean Committee of Central Balance Sheet Data Offices

ECCBSOhttp://www.eccbso.org/


http://www bach banque france fr/?lang=enhttp://www.bach.banque‐france.fr/?lang=en

The European Committee of Central Balance‐Sheet Data Offices (ECCBSO) is responsible for the development and management of a database named Bank for

Accounts of Companies Harmonized (BACH).

BACH(harmonized annual accounts indicators; aggregated data)

(related metadata)twelve European countries

at least 10 financial years (from 2000 onwards)67 major items for the balance sheet and the profit and loss account

32 economic and financial ratiosbusiness sectors according to NACE rev. 2 divisions (2 digits)four different size classes (defined according to the turnover)

6


four different size classes (defined according to the turnover)

April 2013





The European Committee of Central Balance‐Sheet Data Offices (ECCBSO) has created four working groups: namely RISK ASSESSMENT WORKING GROUP, BACH


WORKING GROUP, III WORKING GROUP ON IFRS IMPACT AND CBSO DATABASES and STUDY GROUP.

BACH WGRISK ASSESSMENT WG

The BACH Working Group is in charge of developing and improving theEuropean statistical database BACH (Bank for the Accounts of CompaniesHarmonized). This database provides comparable sectoral statisticsfrom annual accounts of non‐financial incorporated companies of anumber of European countries.

The Risk Assessment Working Group was set up in order to draw up theso called White Paper on corporate analysis in Europe and to draftreports on the analysis of stocks and flows conducted in the variouscentral balance‐sheet data offices. The group then expanded its projectand its members have been working in cooperation with the related

III WG ON IFRS IMPACT AND CBSO DATABASES STUDY GROUP

number of European countries.and its members have been working in cooperation with the relateddivisions of the European Central Bank, homogenizing the risk analysis.

The III Working Group primarily focuses on the impact of theInternational Financial Reporting Standards (IFRS), issued by the IASB,on the accountancy of non financial corporations and their effects onthe European central balance sheet data offices´ databases andquestionnaires, trying to assess both potential opportunities and risks.

The Study Group focuses mainly on the analysis of equity capitalizationin an international setting. It has already produced four studies.Currently, the group is doing research on trade credits.

7


q , y g p pp

April 2013





Several publications have been prepared based on the work performed within the ECCBSO.


RISK ASSESSMENT WGBACH WG

The research of the WorkingGroup on Risk Assessment isdedicated to credit riskmodeling and measurement.

Several economic studies havebeen made based on BACH andBACH database.

STUDY GROUPIII WG ON IFRS IMPACT AND CBSO DATABASE

The latest research paper waspublished in January 2013 anddeals with companies reactionto the financial crisis in mainfinancial key ratios.

The Group has developed IFRS‐compliant standard formats(using the IFRS Taxonomy) andcreated European ConsolidatedAccounts databases (ERICA 1

8


and 2).

April 2013



INDEX








9


3.5 SUMMARY


ECCBSOQUESTIONNAIRE APPROACH

The strength of the Committee lies in the different goals and work methods employed in each national central balance sheet data office: although all them have

in common the use of accounting data for different purposes, the goals achieved by each institution, and the products and services offered by them, are quite

diverse. This allows the different working groups of the ECCBSO to cover a vast scope of matters. Although the website of the Committee diffuses widely the

works done by the ECCBSO´s working groups, it seems convenient to include also some explanatory remarks about the tasks developed by each member.

This Report aims to take stock of the products and services currently developed, and/ or under development in the different Central Balance‐Sheet Data OfficesThis Report aims to take stock of the products and services currently developed, and/ or under development in the different Central Balance Sheet Data Offices

members of it. To that aim, it was developed in 2012 a questionnaire to acknowledge the different work done across Europe. The questionnaire comprises five

parts: General Information, Raw data, Products and Services (P&S), Future P&S and Summary Table. The currently 2013 version is meant to be an updated

version of that Report.

Global characterization of each CBSOPART I GENERAL

QUESTIONNAIRE STRUCTURE

Main features of each product and service currently provided by every CBSO

Characteristics of CBSO data sources

NFORMATION

PART II RAW DATA

PART III P&S

A summary of the answers

General characteristics of new CBSO data sources and CBSO products and services

p y p y yPART III P&S

PART IV FUTURE P&S

PART V SUMMARY TABLE

10


yTABLE

April 2013


ECCBSOQUESTIONNAIRE APPROACH

The questionnaire was sent in January 2013 to the 2012 respondents (plus Finland): 17 entities, on total. As in 2012, the large majority of the ECCBSO members

is covered by the 2013 release of the Report (77%). Individual answers are provided in the Annex (Excel file).

Austria BelgiumCzech Rep.

D k (NCB)Spain

SwedenUK

Denmark (NCB)

FinlandSlovenia

p


ECCBSOFranceSlovakia

Germany

GreecePortugal

Romania

Ireland*Italy

(2 entities: NCB and CERVED)

LuxembourgNetherlandsPoland

Portugal

11


Covered by this Report

Not covered by this Report

April 2013

*Bank of Ireland has answered to this Questionnaire in 2012. However, it was not considered in both releases of the Report (2012 and 2013), because it does not run a genuine Central Balance‐Sheet database.



INDEX








12


3.5 SUMMARY


ECCBSOCHARACTERIZATION OF CBSOs

The major part of the European Central Balance‐Sheet Data Offices (CBSO) are installed in National Central Banks (G1). From our sample, a significant part of the

CBSOs that belong to National Central Banks (NCBs) are directly associated with the statistical function (G2). CBSOs belonging to other type of institutions have the

following main tasks: analysis/ research (ECCBSO), statistics (National Statistical Institutes) and risk assessment/ rating (private company).

It is somewhat important to bear in mind that the questionnaire was delivered to ECCBSO members, which are mainly constituted by National Central Banks.

However, according to the results of this questionnaire:

‐ National Statistical Institutes play an important role in: Czech Republic and Poland; and,

‐ Private companies are important in Denmark and Italy.

13

G1 | TYPE OF INSTITUTION G2 | MAIN OBJECTIVE OF THE CBSOs IN NCBs

1Supervision

21 1

2

1

1

Fin. Stability

Publication of micro‐data

Supervision

1 1

National Central Bank

National Statistical Institute

Private Company

ECCBSO

7

3

Statistics

Risk Assessment/Rating

13


NB: In Germany CBSO database is managed by two different Departments with two different objectives. For that reason, for this country it was considered two main objectives.

April 2013

NB: two different entities were considered for Italy (NCB and private company).



INDEX








14


3.5 SUMMARY


ECCBSOCBSOs DATABASES

Knowledge of the data sources is the basis of any analysis or statistics. Not only the type that each one of the databases has, but also the interest and usability

(measured, for instance, in terms of the representativeness of the data).

Among the fifteen countries that have answered to this questionnaire, it was encountered 50 databases directly linked to the CBSOs, which in average represents

3 databases per country. In general, the major part of the databases under the supervision of CBSOs are possible to be agglomerated by periodicity/ accounting

consolidation: Annual accounts (individual/ consolidated accounts), Quarterly accounts (individual/ consolidated accounts), Semi‐annual accounts (individual/

lid t d t ) d Oth (D i ti d t b B i R i t d C t l C dit R i t )consolidated accounts) and Other (Descriptive databases, Business Register and Central Credit Register).

G3| NUMBER OF DATABASES BY PERIODICITY AND ACCOUNTS CONSOLIDATION

In terms of periodicity of raw data, a significant part concern annual data

(G3); 31 out of 50 data sources. It seems that all countries have at least

annual data, although in Romania this data is based on semi‐annual data

accounts.1 2Semi‐annual

Individual

Consolidated

In terms of whether the sources incorporate individual accounts or/and

consolidated accounts, it seems clear from the graph that individual

accounts are most common in European CBSO databases; 25 out of 50

data sources.19

5

8

1

4

2

Annual

QuarterlyIndividual & Consolidated

The major part of quarterly data concerns individual data; 5 out of 8 data

sources.

8Other

15


For more information, see BOX 1.

Note: ‘Other’ refers to Descriptive databases, Business Register and Central Credit Register

April 2013



Regarding the ‘Other’ databases – Descriptive databases, Business Register and Central Credit Register – only 4 National CBSO (Finland, France, Italy and

Portugal) have some under its own responsibility (G4). In this field, there is a particular interest on Business Registers.

G4| DESCRIPTIVE DATABASES, BUSINESS REGISTER AND CENTRAL CREDIT REGISTER

1

1

1 1 1

2

1

Business Register Central Credit Register Descriptive database

Finland France Italy Portugal

Central Credit Register: database that records information related to loans granted by credit institutions to companies;

Descriptive database: database with complementary information about companies; for example, extraordinary events like M&A, group structures;

16

REPORT 2013 | Products and Services of the European CBSOs April 2013

Business Register: database concerning the Non Financial Corporations’ population; it includes general characteristics of each corporation, like the sector of

activity, date of birth, size class.



BOX 1| DATABASES BY PERIODICITY AND ACCOUNTS CONSOLIDATION

Annual Indiv

Annual Cons

Annual Indiv & Cons

1

2

2

1 1

Annual Indiv & Cons

Quarterly Indiv

Quarterly Cons

l di &

1

1

1 1

1

1 1

1

1

1

2

1

1

3

2

Quarterly Indiv & Cons

Semi‐annual Indiv

Semi‐annual Cons

3

2 2

11

1 1

2

11

2

3

1 1 1

Other

11 111 1 1 11 1 1

17




G5| NUMBER OF DATABASES BY SOURCE

Data are mainly obtained directly by CBSOs from both Administrative data

and Statistical surveys; 30 out of 42 databases. It is important to notice that

10 of this 15 Administrative data are related to sources with annual data

( d d l ) l d l k f l d

ANNUAL DATA

2Multiple sources

(individual accounts). Statistical surveys are used likewise for annual and

quarterly data (individual accounts).

Administrative data, Statistical surveys and Official financial reporting explain 6

1

1

2

1

1

1

2

Statistical survey

Official financial accounts

Tax returns

88% of the sources of the CBSOs databases.

Tax returns; 5%

Multiple sources; 5% Search; 2%

9 4 1Administrative data

Individual Consolidated Individual & Consolidated

INDIVIDUAL: 5 Statistical survey; CONSOLIDATED: 1Official financial accounts; INDIVIDUAL &CONSOLIDATED: 1 Statistical survey and 1 Official

QUARTERLY DATA

Administrative data; 36%Official

financial accounts; 17%

financial accounts

Note: Descriptive databases, Business Register and Central Credit Register are not considered in this analysis.

SEMI‐ANNUAL DATAINDIVIDUAL: 1 Administrative data; CONSOLIDATED: 1Official financial accounts and 1 obtained by searchingon the internet

Statistical survey; 36%

18


considered in this analysis.

April 2013



G6| NUMBER OF RAW DATA BY LEGAL BASIS

69% of the raw data aremandatory;

31% are obtained on a voluntary basis.Mandatory;

69%

Voluntary; 31%

INDIVIDUAL CONSOLIDATED IND & CONS

69%

ANNUAL ACCOUNTS

13

6

44 22

Mandatory Voluntary

QUARTERLY

13

1QUARTERLY ACCOUNTS

Note: All 3 Semi‐annual databases are mandatory.

4 1 2

19


Note: All 3 Semi annual databases are mandatory.

April 2013



FAST FACTS ABOUT EUROPEAN CBSOs (I)

T2| RESPONSABILITY FOR COLLECTING RAW DATA

48% of the raw data is collected directly by the CBSOs (40%) or by other

NCB i t l D t t (St ti ti ) (8%) E t l d ti f d t

Info| AVAILABILITY OF RAW DATA

68% of databases have started before 2005. Among the remaining

d b i i i i h f L b h h dNCBs internal Departments (Statistics) (8%). External conduction of data

collection (40%) refers to, among others, private companies, Ministry of

Finance and National Statistical Offices.

DATA SOURCE RESPONSIBLE %

databases it is important to mention the case of Luxembourg that has started

in 2011.

Info| RAW DATA BY MAIN CONTENTS

DATA SOURCE RESPONSIBLE %

CBSO 40

EXTERNAL 40

SHARED INTERNAL ‐ EXTERNAL 8

INTERNAL ‐ STATISTICS 895% of databases have at least information about Balance sheet (BS) and

Income Statement (IS). The remaining 5% have at least BS.

CBSO & EXTERNAL 4It is important to notice that databases have a huge variety of additional

information like cash flow statements, accounting details, notes, default data

and others.

In this sense, 26 of the raw data has some external component (shared or not

shared); 77% of the external entities involved are Public. For more detail see

20


BOX 2.

April 2013



BOX 2| RESPONSABILITY FOR DATA COLLECTION PER PERIODICITY AND ACCOUNTS CONSOLIDATION

11

2CBSO & External

Internal ‐ Statistics

Shared Internal‐External

10

1

External

CBSO

10

2

1

5 5

21 1

21

31

2

1 1 11

1

21

1

1

Indiv Cons Indiv & Cons Indiv Cons Indiv & Cons Indiv Cons Business Register

Central Credit Register

Descriptive Database

Annual Quarterly Semi‐annual Others

21




FAST FACTS ABOUT EUROPEAN CBSOs (II)

Info| DATABASES BY COVERAGE

54% of databases correspond to a subset of corporations. While 42%

f ll f h ( l ) l d

Info| DATABASES BY ACCOUNTING BASIS

57% of the raw data is of National GAAP nature. The other half is divided in

d t b d ith N ti l GAAP d IFRS (17%) l l IFRS (21%) d concern full coverage of the NFC (Non‐Financial Corporations) population and

4% to a statistical sample. It is important to see that more than half of the

databases related to NFC population corresponds to databases of Annual

accounts.

raw data based on either National GAAP and IFRS (17%), solely IFRS (21%) and

a combination between IFRS and ESA standards (5%). National GAAP is the

accounting basis for the majority of individual data while consolidated accounts

are mostly denominated in IFRS.

G7| DATABASES BY SAMPLE BIAS

33%

12%27%

17%

56% of the CBSO samples have a bias. The foundation is mainly explained by

biasness towards larger size classes (96%). Such biases are mainly present in

the databases with individual accounts. See BOX 3 for more.55%33%

80%

18% 33%

Not biased; 44%8% 17%

Individual Consolidated Individual & Consolidated

IFRS IFRS + ESA National GAAP National GAAP & IFRS

22


Biased; 56%IFRS IFRS + ESA National GAAP National GAAP & IFRS



FAST FACTS ABOUT EUROPEAN CBSOs (II)

G8| DATABASES BY BREAK IN TIME SERIES

52% of databases does not have any break in time series. Of databases that

BOX 3| SAMPLE BIAS BY ACCOUNTS CONSOLIDATION

have started before 2005, 53% have break in time series.

YES; 48%68%

27%

83%NO; 52%

32%

73%

83%

32%17%

Individual Consolidated Individual & Consolidated 45%

67%

55%

33%

Consolidated

Individual & Consolidated

NO YES 48% 52%Individual

NO YES

23




G9 | AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs

AT

INDIVIDUAL ACCOUTNS

CONSOLIDATED FIPTPT AT

IT FRES ES

LUSI

AT

ACCOUNTS

INDIVIDUAL & CONSOLIDATED

ACCOUNTS ITITSI CZ

CZSISK AT

DEDE

FI

DESCRIPTIVE DATABASES, BUSINESS REGISTER, CENTRAL CREDIT REGISTER

ESDKPLPLSI DE

FRFIPT

PTRO

FRFRFR

PTPTES FI

ITITFIES

DE ITIT

ESBEBE

ATDE FR

24




BOX 4 | AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs

INDIVIDUAL ACCOUNTS

PTAT

LUSI

FI

PTRO

SKCZ

CZ

FI

PLES

PL

SIDE

FI

ESAT

FR

PTES

IT

1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013DE IT

IT

IT BE

25


Annual accounts Quarterly accounts Semi‐annual accounts

April 2013



BOX 5 | AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs

CONSOLIDATED ACCOUNTS

DE

FRPT

ESES

AT

IT

DE

BEFR

ATDE

1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

INDIVIDUAL & CONSOLIDATED

ACCOUNTSDK

SI

SIIT

DEDE

26


Annual accounts Quarterly accounts Semi‐annual accounts

April 2013



G10 | ANNUAL DATABASES

Total Nr=31

1

4

Individual & ConsolidatedConsolidatedIndividual

S* 3 3

64

23 1

TIMELINESS

13 3

1 11

N + 4 months N + 6 months N + 7 months N + 9 months N + 10 months N + 11 months N + 12 months N + 14 months

N + 4 months; 13%

G11 | QUARTERLY DATABASES G12 | SEMI‐ANNUAL DATABASES

N + 8 months; 33%

Total Nr=8 Total Nr=3

(1 i di id l)(1 i di id l &

N + 2 months; 63%N + 3 months;

25%

N + 3 months; 33%

N + 6 months; (4 individual and 1

(1 individual)

(1 consolidated)

(1 individual & consolidated)

27


;33%

(individual & consolidated)

(1 individual and 1 consolidated) (1 consolidated)

April 2013

* In some cases, Timeliness figures for provisional statistics raw data. The database itself might not be complete at the given date



INDEX








28


3.5 SUMMARY


ECCBSOCBSOs PRODUCTS AND SERVICES (P&S)

This section of the Report presents the Products & Services (P&S) carried out by the CBSOs enquired. Of the seventeen European countries/entities* that are

considered in the present analysis it was found a total of 130 P&S. It is important to notice that Luxembourg has no P&S in the moment because its activity as a

CBSO is starting For this reason Luxembourg will only be considered in the section of Future P&SCBSO is starting. For this reason, Luxembourg will only be considered in the section of Future P&S.

According to the answers of the questionnaire, each country/ entity has in average 8 P&S. By P&S categories, the great majority would respect to ‘aggregated

data’ (38%). The rest of the P&S have the following division: Studies/ Reports/ Analysis (26%), Microdata – individual data (20%), Risk Assessment (8%) and

Mi d t d t d d t (7%) Pl Fi 1 d G h 13 t h d t il h P&SMicrodata and aggregated data (7%). Please see Figure 1 and Graph 13 to have more detail on each P&S.

F1| TYPES OF PRODUCTS & SERVICES

38% AGGREGATED DATAIt respects to P&S that diffuse mere aggregated data, without analytical texts, on economic/financial indicators. For example, by sector of activity, size of companies.

Whenever the P&S is focused on presenting some deepness to some subject of interest26%

20%

STUDIES/ REPORTS/ ANALYSIS

MICRODATA: INDIVIDUAL DATA

P&S that delivers data on an individual basis, company by company. For instance, thedelivery of the accounts of one company for matters of Bank Supervision.

Whenever the P&S is focused on presenting some deepness to some subject of interest.For instance, the financial performance of SMEs.

8%

7% MICRODATA AND AGGREGATED DATA

RISK ASSESSMENT

Meant for P&S that put together ‘microdata: individual data’ and ‘aggregated data’. Forexample, a P&S that compares a single company to its sector/ company size.

P&S related to rating and/ or scoring. The Financial Stability Report was also included here.

29


*For Italy two entities were considered: National Central Bank and private company



G13| NUMBER AND TYPE OF PRODUCTS & SERVICES BY CBSO

1

41

13

53

1

52

1

11

12

112

2

43

10 10

2

5 5

2 23

2 2 21

1 11

11

5

2

1

4 2

1

12

11

33

1

12

12 2

1 12 2

12

Portugal Spain France Belgium Germany Italy_BdI Poland Austria Italy_CG Romania ECCBSO Czech Rep.

Finland Denmark Slovakia Slovenia

30


Aggregated data Microdata and aggregated data Microdata: individual data Risk Assessment Studies / Reports / Analysis



EXAMPLES OF P&S


‐Individual data for the following purposes: ERICA databases, statistics, research, sample design input;‐ Online consultation of individual accounts;‐ Data Warehouse (available for the entire institution).

AGGREGATED DATA

‐ Contribution for statistics: Non Financial Corporations, BACH, aggregated data for other divisions, Financial accounts, Financial Soundness Indicators);‐ Summary Table to the Board of Directors;‐ Sectoral Aggregates.

MICRODATA AND AGGREGATED DATA

‐ Enterprise and Sector Table delivered to individual enterprises;

‐ Studies for individual enterprises.


‐ Statistical Bulletin;‐ Studies on Non Financial Corporations (example, SME delay on payments);‐ Research papers.

RISK ASSESSMENT‐ Rating;

‐ Scoring

31


Scoring.

ANALYSIS BY TYPE OF P&S

AGGREGATED DATA



RISK ASSESSMENTRISK ASSESSMENT

MICRODATA AND AGGREGATED DATA

32



G15| INTERNAL/ EXTERNAL P&S BY TYPEЖ

P&S related to Microdata

have lower percentage of

deliverability to external

audiences. 34%

6%

33%

8%

40%

18%

34%

50%24%

60%

42%

59%

44%40%

22%

42%

20%

Aggregated data Microdata and Microdata: individual Risk Assessment Studies / Reports /Aggregated data Microdata and aggregated data

Microdata: individual data

Risk Assessment Studies / Reports / Analysis

External Internal Internal & External

33




G16 | EXTERNAL P&S BY TYPE AND USER

50% f h P&S

Ж

50% of the P&S are

deliverables for external use

only.

36%

5%7%

The General public is the most

important external user of

both ‘Studies/ Reports/

Analysis’ and ‘Aggregated100%

63%

50%

90%data’.

Companies are the only

recipients of P&S concerning

100%

50%

64%

90%

recipients of P&S concerning

‘Microdata and aggregated

data’. The ECCBSO receives

most of the ‘Microdata:

i di id l d ’5%

50%

30%

individual data’ as a

consequence of ERICA 1 and

ERICA 2 databases.

Aggregated data Microdata and aggregated data



Companies Companies & Banks ECCBSO General Public Government Specific entities

34




G17| INTERNAL P&S BY TYPE AND USER

35% of the P&S areЖ

35% of the P&S are

deliverables for internal use

only.

Statistics Departments in the15%

24%15%

50% 50%Statistics Departments in the

NCBs are the main users of

both ‘Microdata and

aggregated data’. Research & 53%

75%

38%13%

Economic Departments are

also very interested in this

type of CBSOs P&S.

Supervision Departments are38%

6%8%

6%

25%

15% 50%

basically focused on P&S

related to ‘Risk Assessment’.

Finally, it seems there is a

significant production of

12% 8%

8%25%

Aggregated data Microdata and aggregated data



significant production of

CBSOs ‘Studies/ Reports/

Analysis for the Board of

Directors of the NCBs.

Board of Directors ECCBSO Financial Stability Dept

Research & Economic Dept Statistics Dept Supervision Dept

Various Dept

35


GENERAL ANALYSIS OF P&S

36



G18 | PURPOSE OF P&S

15%73%

10%71% 29%

26%7%

23%2%

21%

Legal Obligation

Statistics

25%43%

59%

20%

67%2%

7% Risk Assessment

Research/ Analysis

Note: A P&S can have more than one purposeAggregated data Microdata and

aggregated dataMicrodata: individual

dataRisk Assessment Studies / Reports /

Analysis

G19 | CBSO P&S RELATED TO STATISTICS

BoP; 6%

National Accounts;

Various; 13%

CBSD; 59%

22%

Central Balance‐Sheet Databases (CBSD)

37


CBSD; 59%



F2| CBSO CONTENTS INCLUDED IN THE P&S

24% of the CBSO P&S include accounting data, derived indicators and text simultaneously. It was not find any P&S that has only text. 34% of P&S have both

accounting data and derived indicators.

ACCOUNTING DATAACCOUNTING DATA18%

DERIVEDDERIVED

34% 2%

3%

24%

TEXTTEXTDERIVED DERIVED INDICATORSINDICATORS

20% 0%

3%

38




FAST FACTS ABOUT EUROPEAN CBSOs P&S (I)

G20| NON‐CBSO CONTENTS INCLUDED IN THE P&S G21| FORMAT OF P&S DELIVERY

71% of the P&S does not have any other contents than the ones available in

h CBSO M th h lf f th i i 29% th t th t t th

ONLINE HARD COPY

each CBSO. More than half of the remaining 29% that uses other contents than

the ones available in CBSO uses, at least, either the information of the

Securities Database or the Central Credit Register.

NO

YES, 38%

YES; 11%

Half (50%) of the P&S that use non‐CBSO contents are explained by ‘Studies/

Reports/ Analysis’. The rest of the distribution is as follows: ‘Risk Assessment’

(25%), ‘Aggregated Data’ (13%), ‘Microdata and Aggregated data’ (8%) and

‘Microdata: individual data’ (4%).

NO, 62%

NO; 89%

READ‐ONLY FLEXIBLE

YES; 29%

NO;

NO; 71%

NO, 54%

YES, 46%

27%

YES; 73%

39




FAST FACTS ABOUT EUROPEAN CBSOs P&S (II)

G22| CONFIDENTIALITY OF P&S G23| TIMING OF P&S

47% of P&S are restricted, 42% are made public and the remaining 12% are

b h bli d i d ( h BACH d b )

82% of P&S are made available on a regular basis; for 71% of them until 1

f h f i dboth public and restricted (e.g., the BACH database).

82% of P&S related to ‘Risk Assessment’ are restricted. That percentage of

restricted P&S decreases in the other types: 78% in ‘Microdata and aggregated

year after the reference period.

data’, 73% in ‘Microdata: individual data’, 32% in ‘Studies/ Analysis/ Reports

‘and 30% in ‘Aggregated Data’.Real time; 1% N+1Q to N+4Q,

72%

Public; 42%Restricted;

47%Irregular; 17% Regular, 82%

Public & Restricted;

12%

+5Q to N+9Q, 10%

40


12%



INDEX








41


3.5 SUMMARY



FAST FACTS ABOUT FUTURE EUROPEAN CBSO P&S

G24| TOTAL NUMBER OF FUTURE NEW P&S BY TYPE

29 new P&S are already in CBSO plans for the near future. New P&S will be mostly associated with Studies/ Reports/ Analysis and Microdata: individual data. This

29 P&S ill b i h f i l (41%) l (41%) d b h i l d l (17%) O f h (24%) f h f P&S i d29 new P&S will be either for internal use (41%), external use (41%) and both internal and external use (17%). One fourth (24%) of the future P&S are associated to

the ECCBSO.

229 2

5

5

6

11

Total Microdata and aggregated data


Risk assessment Aggregated data Studies/ Reports/ Analysis

42




INDEX








43


3.5 SUMMARY


ECCBSOSUMMARY

G25 | SUMMARY OF EUROPEAN CBSOs P&S – PRESENT AND FUTURE

50

60Aggregated data

20

30

40

Microdata and aggregated data

Studies / Reports / Analysis

0

10

Microdata:Microdata: individual dataRisk Assessment

44


*The scale corresponds to the number of P&S types available

Present & Future Present

ANALYSIS BY COUNTRY/ INSTITUTION

45


ECCBSOSUMMARY

G26 | AUSTRIA G27 | BELGIUM

type

s available

4Aggregated data

5Aggregated data

he num

ber o

f P&S

0

1

2

3



0

1

2

3

4



e correspo

nds to th

Microdata: individual dataRisk Assessment

P t & F t P t


P t & F t P t

G28 | CZECH REPUBLIC G29 | DENMARK

*The

scalPresent & Future Present Present & Future Present

Aggregated data

1

2

3Aggregated data



3 ‘Aggregated0,5

1

1,5

2Aggregated data



0


3 Aggregated data’ 0

Microdata: individual Risk Assessment

46

data



dataRisk Assessment



ECCBSOSUMMARY

G30 | FINLAND G31 | FRANCE

type

s available

2Aggregated data

1012

Aggregated data

he num

ber o

f P&S

0

0,5

1

1,5



02468



e correspo

nds to th


P & F P


P & F P

G32 | GERMANY G33 | ITALY – BANK OF ITALY

*The


Aggregated data Aggregated data

1

2

3

4

5Aggregated data


Studies / Reports / Analysis 1

2

3

4Aggregated data



0


0


47


data


individual data



ECCBSOSUMMARY

G34 | ITALY – CERVED GROUP G35 | LUXEMBOURG

type

s available

1 5

2Aggregated data

1,5

2Aggregated data

he num

ber o

f P&S

0

0,5

1

1,5



0

0,5

1

1,5



e correspo

nds to th


P & F P


P t & F t P t1 ‘Microdata: i di id l d ’

G36 | POLAND G37 | PORTUGAL

*The


Aggregated data Aggregated data

individual data’

1

2

3

4

5Aggregated data



2468

1012

Aggregated data



0

Microdata: individual dRisk Assessment

0


48


dataRisk Assessment


individual data



ECCBSOSUMMARY

1 5

2Aggregated data

G38 | ROMANIA G39 | SLOVAKIA

type

s available

4Aggregated data

0

0,5

1

1,5



he num

ber o

f P&S

0

1

2

3




P t & F t P t

1 ‘Aggregated data’ and 1

‘Risk e correspo

nds to th



G40| SLOVENIA G41 | SPAIN

Risk Assessment’

*The

scalPresent & Future Present

0,5

1

1,5

2Aggregated data


Studies / Reports / Analysis 2 ‘Aggregated 2

4

6

8

10Aggregated data



0


2 Aggregated data’ 0


49

data



data



ECCBSOSUMMARY

G42 | ECCBSO – PRESENT AND FUTURE

6

7Aggregated data

2

3

4

5

6



0

1

2 aggregated dataAnalysis


50


*The scale corresponds to the number of P&S types available



ECCBSOp

51

Documents

REPORT 2013 |PRODUCTS AND SERVICES OF THE EUROPEAN …€¦ · 1 eccbso presentation index. 2.questionnaire approach 3.european cbsos 3.1 characterization ofcbsos 3.2 cbsos databases