Harmonisation of monetary and financial statistics

The Treaty on European Union requires the European Central Bank (ECB), assisted by the national central banks, to collect the statistical information necessary in order to undertake the tasks of the European System of Central Banks (ESCB). This implies that statistical information on monetary developments is important for deciding what monetary policy actions to take, for assessing their effects after the event and for explaining these actions to the public. Monetary developments in the individual Member States forming the euro area are not the focus of interest for the ECB, but rather developments in the euro area as a whole. These requirements imply the collection of harmonised statistical information of a high and homogeneous quality.

When countries enter the European Union, the Treaty requires them to undertake the necessary statistical preparations in order to be able to contribute to the euro area statistics as soon as they join Monetary Union. In this context, the ECB is responsible for promoting the harmonisation of statistics where necessary. This harmonisation work takes into account the many differences in national financial systems, which should be accommodated by the harmonised statistical definitions and classifications.

Under the harmonisation process, the Czech Republic as one of the non-participating EU member states (non-euro), has undertaken to compile the following harmonised monetary financial statistics:

  1. Monetary financial institutions balance sheet statistics according to the Regulation (EU) No 1071/2013 of the European Central Bank concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33));
  2. Interest rate statistics according to the Regulation (EU) No 1072/2013 of the European Central Bank concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (ECB/2013/34);
  3. Statistics on the assets and liabilities of investment funds according to the Regulation (EU) No 1073/2013 of the European Central Bank concerning statistics on the assets and liabilities of investment funds (ECB/2013/38) and Guideline of the European Central Bank on monetary, financial institutions and markets statistics (ECB/2007/9);
  4. Statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions according to the Regulation (EU) No 1075/2013 of the European Central Bank concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (ECB/2013/40);
  5. Statistics on holdings of securities according to the Regulation (EU) No 1011/2012 of the European Central Bank concerning statistics on holdings of securities (ECB/2012/24);
  6. Statistics on financial corporations engaged in lending (financial leasing, consumer credit, hire purchase factoring and forfaiting) according to the Guideline of the European Central Bank on monetary and financial statistics (ECB/2014/15)
  7. Payment statistics according to the Regulation (EU) No 1409/2013 of the European Central Bank (ECB/2013/43)