Statistics at the ECB
I Mestieri dello Statistico, Genova19 February 2018
Francesca BenevoloResearch AnalystDirectorate General Statistics European Central Bank
All views expressed are those of the speaker and not necessarily those of the ECB.
Rubric
www.ecb.europa.eu ©
Overview
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The functions of the ECB/Eurosystem/ESCB
Introduction
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Statisticians at the ECB
ECB-PUBLIC
ECB statistics
Data needs at the ECB
I Mestieri dello Statistico - Genova, February 2018
Rubric
www.ecb.europa.eu ©
Introduction
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ECB-PUBLIC
I Mestieri dello Statistico - Genova, February 2018
My academic studies
2013 - Bachelor Degree in Statistics and Maths – University of Genova2013 - Erasmus program - Technische Universität Dortmund2016 - Master Degree in Statistics and Economics – University of Milano Bicocca
My working experience
Since 2016 at the ECB…Trainee Research Analyst
Why am I here?
Statistics at ECB – Why data are important?Who are the Statisticians?
Rubric
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The ECB
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ECB-PUBLIC
Rubric
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Monetary policy
Financial Stability / Banking
Supervision
Payment systems
Define and implement monetary
policy
Banking supervision and
contribute to stability of the
financial system
Promote smooth
operation of payment systems
ECB-PUBLIC
Key ECB / Eurosystem / ESCB functions
Rubric
www.ecb.europa.eu ©
cross-checking
Primary objective: price stability
Economic analysis
Analysis of economicdynamics and shocks
Monetary analysisAnalysis of
monetary trends
Full set of information
Governing Council
takes monetary policy decisionsbased on an overall assessment
of the risks to price stability
ECB-PUBLIC
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Data needs of ECB’s monetary policy strategy
Rubric
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• ECB’s new responsibilities for macro- & micro-prudential policies
• Policy decisions are based on data
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ESCBstatistics
ECB’s Monetary Policy
Banking Supervision
(SSM)
Macro prudential policies
(ECB, ESRB)
ECB-PUBLIC
New data needs resulting from the crisis
Need of more granular data
Rubric
www.ecb.europa.eu ©
Single Supervisory Mechanism - SSM
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The Single Supervisory Mechanism (SSM) refers to the system ofbanking supervision in Europe.
Let’s watch a video to find out more about the SSM:https://youtu.be/1RI7n7y-eXg
ECB-PUBLIC
I Mestieri dello Statistico - Genova, February 2018
Rubric
www.ecb.europa.eu ©
Supervisory Data – My working experience
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Data collection
• Supervisory data are collected from 4600+ credit institutions.
• 500+ reports received every day.
Data production
• 2800+ Key Risk Indicators are calculated for the 119 significant banks supervised directly by the ECB.
• 200+ financial reports every day.
Data dissemination
• Data are used by European Institutions to ensure consistent supervision within the Euro Area.
ECB-PUBLIC
I Mestieri dello Statistico - Genova, February 2018
Rubric
www.ecb.europa.eu ©
Statisticians at the ECB
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Who are they?
• Statisticians• Mathematicians• Data Scientists
… but also Physicists, Economists, Engineers and many others!
DG-Statistics in numbers…
250+ people working at DG-Statistics from 28 EU Member States.
Traineeship
60+ trainees joined DG-Statistics on 2017.Only 30% of female applicants ensure gender diversity is a current
priority for DG-Statistics.
ECB-PUBLIC
I Mestieri dello Statistico - Genova, February 2018
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ECB-PUBLIC
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ECB statistics
The ECB provides its statistics free of charge as a public good!
SDW – Statistical Data Warehouse - http://sdw.ecb.europa.eu/
• Consolidated banking data• Statistics Bulletin• Economic Bulletin
OurStatisticsEuro area and national central bank statistics
ECBstatsAppAccess to ECB statistics
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ECB-PUBLIC
I Mestieri dello Statistico - Genova, February 2018
Thank you for your attention.