The ECB and IMF Indicators for the Macro-Prudential Analysis of the Banking Sector: A Comparison of the Two Approaches

54 Pages Posted: 11 Nov 2008

See all articles by Anna Maria Agresti

Anna Maria Agresti

European Central Bank (ECB)

Patrizia Baudino

European Central Bank (ECB)

Paolo Poloni

European Central Bank (ECB)

Date Written: November 7, 2008

Abstract

In January 2007 the International Monetary Fund (IMF) published, on an ad hoc basis, a series of financial soundness indicators (FSIs) based on a common methodology (the IMF compilation Guide) for 62 countries, including all 27 European Union countries. The European Central Bank (ECB), jointly with the Banking Supervision Committee (BSC), has an interest in monitoring the development of this IMF initiative in the context of its own work on compiling macro-prudential indicators (MPIs). The aim of this paper is to identify the main similarities and differences between the FSIs and the MPIs for national banking sectors, as the overlap between MPIs and FSIs in this sub-set is greatest. As a result of the recently issued amendments to the IMF compilation Guide for FSIs, some key methodological differences between the two approaches have been eliminated and it is therefore expected that the figures published by the two institutions will soon converge. The paper concludes with an investigation of the few other areas where the remaining differences could potentially be narrowed.

Keywords: Macro-prudential indicators (MPIs), financial soundness indicators (FSIs), financial stability statistics

JEL Classification: C82, G20, G21, G28, G32

Suggested Citation

Agresti, Anna Maria and Baudino, Patrizia and Poloni, Paolo, The ECB and IMF Indicators for the Macro-Prudential Analysis of the Banking Sector: A Comparison of the Two Approaches (November 7, 2008). ECB Occasional Paper No. 99, Available at SSRN: https://ssrn.com/abstract=1144486 or http://dx.doi.org/10.2139/ssrn.1144486

Anna Maria Agresti

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Patrizia Baudino

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Paolo Poloni (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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