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The integrated approach adopted by Bank of Italy in the collection and production of credit and financial data

Author

Listed:
  • Massimo Casa

    (Bank of Italy)

  • Laura Graziani Palmieri

    (Bank of Italy)

  • Laura Mellone

    (Bank of Italy)

  • Francesca Monacelli

    (Bank of Italy)

Abstract

The paper illustrates the phases of the process that the Bank of Italy follows to produce the statistics derived from credit and financial reporting: the identification of the information requirements; the definition of the data model; the design of the new data collection method to be used by reporting agents; cooperation between the Bank of Italy and reporting agents; data quality procedures; and dissemination of this information to internal and external users. This process takes an ‘integrated approach’ and was adopted by the Bank of Italy in the late 1980s. For the last decade, it has been a reference point for the European System of Central Banks both as regards the development of the statistical framework and for the efficiency improvements in data management and data governance on the part of the authorities. The Bank of Italy takes part in these initiatives providing a valuable contribution in terms of ideas and experience.

Suggested Citation

  • Massimo Casa & Laura Graziani Palmieri & Laura Mellone & Francesca Monacelli, 2022. "The integrated approach adopted by Bank of Italy in the collection and production of credit and financial data," Questioni di Economia e Finanza (Occasional Papers) 667, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_667_22
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2022-0667/QEF_667_22.pdf
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    References listed on IDEAS

    as
    1. Fabio Zambuto, 2021. "Quality checks on granular banking data: an experimental approach based on machine learning," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Micro data for the macro world, volume 53, Bank for International Settlements.
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    Cited by:

    1. Massimo Casa & Marco Carnevali & Silvia Giacinti & Roberto Sabatini, 2022. "PUMA cooperation between the Bank of Italy and the intermediaries for the production of statistical, supervisory and resolution reporting," Questioni di Economia e Finanza (Occasional Papers) 734, Bank of Italy, Economic Research and International Relations Area.

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    More about this item

    Keywords

    regulatory reporting; banking reporting; data model; data quality; information management; statistical production; information system;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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