francesca benevolo statistics at the ecb€¦ · statistics at the ecb i mestieri dello statistico,...

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.

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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

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Introduction

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ECB-PUBLIC


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?

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The ECB

I Mestieri dello Statistico - Genova, February 2018 4

ECB-PUBLIC

https://www.youtube.com/watch?v=foDQLUUV89M&feature=player_embedded&x-yt-cl=84503534&x-yt-ts=1421914688

https://www.youtube.com/watch?v=foDQLUUV89M&feature=player_embedded&x-yt-cl=84503534&x-yt-ts=1421914688

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www.ecb.europa.eu © I Mestieri dello Statistico - Genova, February 2018 5

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

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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

I Mestieri dello Statistico - Genova, February 2018 6

Data needs of ECB’s monetary policy strategy

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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)

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New data needs resulting from the crisis

Need of more granular data

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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


https://youtu.be/1RI7n7y-eXg



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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.

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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


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www.ecb.europa.eu © 12

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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

http://sdw.ecb.europa.eu/

francesca benevolo statistics at the ecb€¦ · statistics at the ecb i mestieri dello statistico,...

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